Dennis Berman of The Wall Street Journal, discusses a report that Amazon will start testing deliver drones in India. CNBC's Jon Fortt provides insight.» Read More
Aug 22- McDonald's Corp named former executive Mike Andres as president of McDonald's USA replacing Jeff Stratton, as part of efforts to arrest falling sales in its home market.
Aug 22- K-cup coffee pod maker Keurig Green Mountain Inc said it signed a deal to make and sell Kraft Foods Group Inc's coffee in packs compatible with its brewing machines. Shares of Keurig, in which Coca-Cola Co has a stake, rose nearly 10 percent at a record high of $128.82.
Aug 22- Japan's Murata Manufacturing Co Ltd said it would buy the part of U.S. radio frequency chipmaker Peregrine Semiconductor Corp it does not already own for $465 million in cash, as it looks to strengthen its RF business.
Aug 22- Murata Electronics North America Inc said it would buy the rest of chipmaker Peregrine Semiconductor Corp it does not already own in an all-cash deal valued at $465 million. The offer price of $12.50 per share is at a premium of 62.5 percent to Peregrine's Thursday close of $7.69.
BANGALORE, Aug 22- India's wettest state is planning to dry out, drop by drop. Kerala Chief Minister Oommen Chandy, quoted in local media, said the state government was in favor of "total prohibition". "How are we going to compete with Sri Lanka and Thailand?"
Aug 22- U.S. power company Dynegy Inc said on Friday that it would buy coal and gas generation assets from Duke Energy Corp and Energy Capital Partners, in two deals totaling $6.25 billion.
Aug 22- U.S. power company Dynegy Inc said on Friday that it would buy 12,500 megawatts of coal and gas generation assets from Duke Energy Corp and Energy Capital Partners, in two deals valued at $6.25 billion. The deal will almost double Dynegy's power-generation capacity.
Citigroup says it cannot sell investments in hedge funds and private-equity funds to clients after a deal with the SEC, according to the WSJ.
Aug 21- U.S. federal prosecutors have learned that lawyers for General Motors Co were present at key meetings during which information about problems with some of its vehicles were discussed, a source close to the investigation said.
Aug 21- Citigroup Inc has been sending hedge fund firms letters informing them that it cannot sell investments in hedge funds and private-equity funds to clients after a deal with the U.S. Securities and Exchange Commission, the Wall Street Journal reported.
Aug 21- Home Depot Inc named retail industry veteran Craig Menear as its chief executive, four months after he was appointed as head of the home improvement chain's U.S. retail business. Menear, 56, joined Home Depot in 1997 as a merchandising manager.
Aug 21- Apparel retailer Gap Inc raised its full-year profit forecast, encouraged by strong sales of its lower-priced Old Navy clothes, and said it would open 40 stores in India as part of its strategy to expand in emerging markets. Gap said it is partnering with Arvind Lifestyle Brand Ltd, a unit of textile manufacturer Arvind Ltd, for opening the stores in India.
Aug 21- Intuit Inc, the developer of tax-preparation software TurboTax, forecast a much bigger first-quarter loss, citing restructuring in its small business group unit. The company forecast a current-quarter loss of 36- 37 cents per share.
Salesforce said on Thursday it expects an adjusted profit of 50- 52 cents per share on revenue of $5.34- $5.37 billion for the year ending Jan. 31. It had previously forecast an adjusted profit of 49- 51 cents on revenue of $5.30- $5.34 billion.
Aug 21- Home Depot Inc named Craig Menear its chief executive, replacing Frank Blake, who will stay on as chairman.
SAN FRANCISCO— Gap Inc. said its profit rose 10 percent in the second quarter as the clothing retailer cut expenses and managed to lift sales. The San Francisco- based company also said it plans to open Gap stores in India next year. The performance reflected a 5 percent decline at Gap, flat sales at Banana Republic, and growth of 4 percent at Old Navy.
Aug 21- Teen apparel retailer Gap Inc reported a better-than-expected quarterly profit and sales and raised its full-year profit forecast, helped by strong sales of its low-priced Old Navy clothes. Comparable sales at Old Navy stores, which cater to a slightly older customer base, rose 4 percent in the second quarter ended Aug 2.
Aug 21- An experimental new psoriasis treatment from Eli Lilly and Co proved superior to Amgen Inc's blockbuster Enbrel, drawing it closer to a potential marketing battle with new products being developed by Amgen and Novartis AG.
NEW DELHI, Aug 21- Indian government officials painted an upbeat picture for the economy on Thursday as it struggles to emerge from the longest spell of sub-par growth in decades and promised to tighten up risk management at the country's dominant state banks.
Aug 21- Baxter International Inc said a more potent version of its flagship blood disorder drug Advate met the main goal in a late-stage study.