Mark Schneider, Nestle’s recently ousted CEO, steered the world’s biggest food maker through the COVID-19 pandemic, grew margins despite a subsequent supply chain crunch, and pulled off a historic reorganisation. So when did he lose the board’s faith? While Nestle declined to comment on the nature of his departure when announcing it on Thursday, and … Read more
A Tesla Semi truck has crashed in California causing its battery pack to burst into flames and spew toxic fumes over I-80. First responders in the area closed the highway in both directions as they waited for the truck to burn out. Tesla’s Cybertruck Has Finally Arrived The Tesla truck was driving in northern California … Read more
PepsiCo’s bottling franchise partner Varun Beverages on Tuesday announced a stock split in the ratio of 2:5 along with an interim dividend of Rs 1.25 per share for its shareholders while declaring its results for the June quarter. Stock split “Sub-division/ split of the existing Equity Shares of the Company, such that each Equity Share … Read more
Global supermarket chain Carrefour will stop selling PepsiCo products in its stores in France, Belgium, Spain and Italy over price increases for popular items like Lay’s potato chips, Quaker Oats, Lipton tea and its namesake soda. The French grocery chain said it pulled PepsiCo products from shelves in France on Thursday and added small signs … Read more
