A woman is suing Frito-Lay, the snack division of PepsiCo, for what she says is deceptive use of the phrase “all natural ingredients” on its packages of products like Tostitos […]
After months of speculation about possible executive changes at GM, the company named Mary Barra as CEO. Not only is the new leader a woman, the 33-year GM veteran comes from the HR side of the organization, though she was most recently head of global product development. The move is part of a larger management shakeup as outgoing CEO Dan Ankerson, who was planning to retire sometime in 2014, has decided to leave in mid-January since his wife has been diagnosed with cancer.
December 11, 2013
McKesson‘s $8.3 billion push into Europe could be thwarted by shareholders of acquisition target Celesio. McKesson, which leads the pack of US drug distributors (alongside rival Cardinal Health), reached a deal to purchase European distribution firm Celesio in October, locking in the purchase of Franz Haniel‘s 50.1% stake. However, Elliot Management, which owns a 25% stake in Celesio, now says McKesson’s tender offer to purchase remaining shares undervalues Celesio.
December 9, 2013
Demand for collaborative software, analytics tools, and enterprise applications will drive worldwide software spending growth over the next several years, according to IDC. The industry is expected to post a compound annual growth rate near 6 percent between 2012 and 2017. Tools that help organizations analyze and share data and content show the most potential, with spending on collaborative; structured data management; and data access, analysis, and delivery applications to grow 8 percent. For more trends, check out our Computer Software industry profile.
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