Poppi features brightly colored, fruit-forward cans. (John Minchillo/AP/file) PepsiCo said March 17 it’s acquiring the prebiotic soda brand Poppi for $1.95 billion. The acquisition gives PepsiCo a fast-growing brand in the popular functional beverage category. “More than ever, consumers are looking for convenient and great-tasting options that fit their lifestyles and respond to their growing ...more
Investing in more fuel-efficient tires is the easiest way for fleet operators to boost fuel economy, according to the lead engineer at MVTS. (Mesilla Valley Transportation Solutions) Since their industry introduction about two decades ago, low-rolling-resistance tires have come a long way in improving fuel efficiency, reducing greenhouse-gas emissions and making true believers out of ...more
President Donald Trump waves from the stairs of Air Force One upon his arrival at Joint Base Andrews, Md., on March 17. (Luis M. Alvarez/AP) President Donald Trump said he would be imposing both broad reciprocal tariffs and additional sector-specific tariffs on April 2. Trump told reporters aboard Air Force One that “in certain cases, ...more
OECD Secretary General Mathias Cormann by OECD President Donald Trump’s aggressive trade policies have abruptly set the world onto a path of slower growth and higher inflation that could worsen notably if tensions escalate, the Organization for Economic Cooperation and Development said. The Paris-based club of 38 rich countries cut its outlook for most members ...more
The BYD Seagull at an auto show. (Qilai Shen/Bloomberg News) BYD Co. unveiled a new system for electric cars that the Chinese automaker says will allow them to charge almost as fast as it takes a regular car to refuel. BYD’s Chairman and founder Wang Chuanfu said a new battery and charging system was capable ...more
Luminar will report fourth-quarter results after the market closes on March 20. (Bridget Bennett/Bloomberg News) Luminar Technologies Inc. shares surged on March 17 after former NASA scientist Mark Rober test-drove a car equipped with the company’s lidar technology in a YouTube video and said it outperformed Tesla Inc.’s Autopilot feature. In the video, which has ...more
“I don’t know that I can tell you that I am” optimistic, Nash told Goldblatt. “But I’m not pessimistic either.” (Charlie Riedel/Associated Press) Creditors of defunct trucking firm Yellow Corp. will submit their own plan in coming days on how to split up the company’s remaining $550 million of cash and end its bankruptcy case. ...more
(Andyborodaty/Getty Images) The national average price for a gallon of diesel slipped 3.3 cents to $3.549, according to U.S. Energy Information Administration data released March 17. The decrease is the third in as many weeks, totaling 14.8 cents a gallon. That comes on the heels of four consecutive increases that totaled 3.8 cents. A gallon ...more
A worker arranges boxes of imported pork from the U.S. at a cold storage warehouse in Shanghai, China. (Raul Ariano/Bloomberg News) China’s government has renewed export registrations for some U.S. meat plants whose eligibility was set to lapse, raising hopes that shipments won’t be disrupted. The registrations for U.S. pork and poultry plants were renewed ...more
Volkswagen CEO Oliver Blume is slashing spending across the group to become more competitive. (Krisztian Bocsi/Bloomberg News) Volkswagen AG’s Audi plans to cut as many as 7,500 positions in Germany by 2029 as the automaker tries to shore up its flagging profitability. The reductions, which correspond to about 14% of the brand’s German workforce, won’t ...more
