In a classic understatement, PepsiCo CEO Indra Nooyi declared yesterday that "India is a country with huge potential" while revealing that the company would be investing about $5.5 billion in the subcontinent through the end of the decade in increasing its manufacturing and distribution capacities and by expanding the brands it sells.
Amazon and the U.S. Postal Service fittingly announced a deal yesterday that puts to rest the notion that Sunday is a day of rest from mail delivery. Amazon Prime customers in the Los Angeles and New York metropolitan areas will get delivery of goods for no charge beyond the normal $79 yearly fee. There are plans to expand the year-round service next year to "a large portion of the U.S. population" residing in cities including Dallas, Houston, New Orleans and Phoenix.
Walt Disney's "Wonderful World of Color" has exploded into so many hues that it takes an earnings call to remind us of the full spectrum of its expanding universe. Yesterday's chat discussing fourth-quarter and full-year earnings for fiscal 2013 with CEO Robert Iger & Co. is a case in point.
Remember 1994? "Forrest Gump" and the "The Lion King" and were raking in the big bucks at the box office, VHS tapes were state-of-the-art digital entertainment, the Mosaic browser was making the World Wide Web comprehensible to the (elite) masses, and Viacom thought enough of the Blockbuster bricks-and-mortar video-rental business, which had started with a single store in Dallas nine years previously, to shell out $8.4 billion - mostly in stock - for it.
Kraft Macaroni & Cheese could use a little comfort these days after the battering it has taken in social - and subsequently mainstream - media over its use of artificial dyes. Well, comfort has come from one of the most unlikely of sources: researchers at the Yale Rudd Center for Food Policy and Obesity.
In yet another settlement with the federal government over charges of unlawful marketing of prescription drugs, Johnson & Johnson and the Department of Justice announced a $2.2 billion deal yesterday following a longstanding investigation and negotiations about the promotion of Risperdal and Invega, which primarily are used to treat symptoms of schizophrenia, and the heart drug Natrecor. It is the third-largest settlement with a drug maker in U.S. history, the Associated Press reports.
A firestorm of fresh complaints on Lululemon's Facebook page and website about the quality of its new pants, with added digs at its customer service, hit the online headlines over the weekend just a couple of days after the company announced that Tara Poseley would be joining it from Kmart to be chief product officer.
Thanks to the Internet and all, the auto buying process is getting more transparent for consumers, right? Well, a "USA Today" report last year effectively put the kibosh on that wishful notion by exposing the mumbo-jumbo that's behind such seemingly important data points as "invoice price" - or the amount the dealer purportedly pays the manufacturer. And recent news reports out of General Motors certainly has this reporter's head spinning about its pickup truck pricing.