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 […]
Caffeinated powerhouse Starbucks announced that Kevin Johnson, formerly of Juniper Networks, Microsoft, and IBM, has been appointed to the position of president and COO. Johnson was a member of the Starbucks board since 2009 and stepped down to accept this position. He is replacing Troy Alstead, who will begin a sabbatical on March 1. The hiring of Johnson as second in command reflects a new emphasis on technological innovation.
January 19, 2015
In an update last week, D&B Editor Diane Ramirez discussed how Purdue University‘s revenue increased 1% in 2013 to $1.5 billion as a result of higher student fee rates and a rise in federal grants; however, those increases were partially offset by a decline in county grants as well as an overall decline in student enrollment. Net income also skyrocketed 67% to $227 million that year as investment returns increased. The Boilermakers’ primary sources of income include student tuition and fees. The school also attracts more than $450 million in research funding each year from a variety of sources including government agencies, foundations, and corporate partners. Follow Diane on Twitter.
January 20, 2015
Millennials will drive the adoption of new payments technologies in the coming decades, with mobile point-of-sale and digital currencies the preferred modes of payment, research suggests. A key factor is the degree to which millennials rely on their mobile devices. Both as customers and business owners, digitally savvy millennials (14- to 27-year-olds) — along with high-income consumers — will be at the forefront of changes in the payments sector, according to a new consumer payments survey by Accenture. By 2020 Accenture anticipates the first decline in credit card usage in more than five decades. For more industry trends, see our Financial Transaction Processing industry profile.