The second-largest producer of soft drinks, the American company PepsiCo Inc., has significantly increased its net profit in the April-June 2015, and raised its forecast for the full year. According to the company’s press release, its net profit increased to $ 1.98 billion, or $ 1.33 per share in...

JPMorgan has again been caught on a sticky wicket with its unlawful and fraudulent practice of collecting consumer credit card debts. This is not the end of the story though, two states are still going for legal action and they have some very good reasons for doing so, Read on ... to the details....

The Shanghai Composite Index dropped 3.3 percent to 4,053.03, taking decays from its June 12 top to more than 20 percent. The gage swung between a loss of 7.6 percent and an addition of 2.5 percent in Monday, recording the greatest intraday point move since 1992. Chinese stocks tumbled, sending the...

International payment system PayPal, which is used by millions of people around the world to carry out online shopping, is itself planning a large-scale shopping. The company intends to spend $ 6 billion on utility assets. Such an approach, according to representatives of PayPal, will allow the...

Bloombergs reflects on the growing demand for diamond as oppose to the dwindling supply chain due to the lack of resource mines. It has been quite some time since the market has been facing a dearth of diamond supply. The gap was ‘long-promised’ to be bridged which till date “stubbornly refuses to...

The US company Uber announced the suspension of operation of the mobile application to call a taxi and pay budget or private drivers UberPOP in France, that conflicts with the traditional taxi drivers and the government, writes Financial Times. Service UberPop has been recognized illegal in France,...

With the U.S Supreme court giving Obamacare the green signal, the healthcare insurance market is seeing some M&A in its wake. Subject to the scrutiny of the Antitrust Commission, if the Aetna and Humana deal goes through, it will be the largest ever insurance deal in history. Health Insurance...

Warren Buffett is 84. Just the “Oracle of Omaha and Berkshire's board” are in the know of who's bound to, in the end, fill Buffett’s running shoes. Hypothesis spiked in March, when Vice Chairman Charles Munger dropped the names of two administrators in the organization's yearly report: Ajit Jain,...

MHG, The Biopolymer Company, discharged footage of CEO Paul Pereira's presentation he gave at the RSB General Assembly on June 2nd. Pereira took an interest in the second board, which was directed by the United Nations Conference on Trade and Development, and fixated on manageability patterns for...