PepsiCo to Buy Baked-Chip Maker
The deal underscores PepsiCo’s efforts to strengthen its healthy snack portfolio as consumer tastes shift toward products that are less processed.
Durable Goods Orders Fall, But Key Capital Goods Beat Expectations
The 0.8% fall in orders for heavy machinery was seen by some as a sign that perhaps tariffs on steel and other goods had hurt demand.
Deloitte & Touche Fined Over Auditing Lapse
The auditor missed errors in how Jack Henry & Associates accounted for license revenue, charges the PCAOB.
Gap Revenue Tops Estimates, But Earnings Fall Short
The retailer affirmed full-year guidance and plans to open 60 Old Navy stores by the end of the year.
Deutsche Bank Announces Job Cuts; Chair Survives Removal Vote
Most of the cuts will be in Deutsche’s corporate and investment bank, in particular equities sales and trading personnel.
Best Buy Q1 Earnings Solid, But Online Sales Slow
The consumer electronics retailer is holding its own in a highly competitive market.
Paddy Power Betfair Buys FanDuel
The deal is the first since the Supreme Court ruling that opened the way for U.S. states to legalize betting on sports.
Pay Raises for CFOs and Finance Staffers Outpace Last Few Years
Base salary increases for finance executives and staffers averaged 4.3% in 2017; CFOs received an average raise of 5.7%, according to AFP.
Amazon Asked to Stop Selling Facial Recognition Tech to Governments
The ACLU says Amazon's Rekognition technology could be used by law enforcement to identify and monitor political protestors.
Supreme Court Rules Employers Can Require Class-Action Waivers
Justices split along ideological lines in a controversial ruling that some see as a blow to workers' rights.
Sony to Buy a Controlling Stake in EMI
The Japanese conglomerate is paying more than $2 billion for a 60% interest in the music publisher.