Inverness Business
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PepsiCo to invest additional $2.5 billion in ChinaMay 20, 2010 11:00 pm - NEW YORK -- PepsiCo Inc. said Friday that it plans to invest an additional $2.5 billion in China in the next three years on new plants and research facilities as the foo...
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FCC clears Verizon plan to sell phone linesMay 20, 2010 11:00 pm - WASHINGTON -- Federal regulators have given Verizon Communications Inc. the green light to sell nearly 5 million phone lines in 14 states outside of its core service are...
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Team gets to pitch project to DisneyMay 20, 2010 11:00 pm - A "TRON"-based thrill ride concept created by four University of Illinois at Urbana-Champaign students, including two from this area, is one of six finalists in a Disney...
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Johnson Controls offers $1.25 billion for Visteon unitMay 20, 2010 11:00 pm - MILWAUKEE -- Johnson Controls Inc. has offered $1.25 billion for the automotive interiors and electronics business at Visteon Corp., saying the acquisition would expand ...
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Boeing fails to resolve 787 parts problemsMay 19, 2010 11:00 pm - Boeing Co., more than two years behind schedule on producing the 787 Dreamliner, said it's still struggling with incomplete parts from suppliers, requiring the planemake...
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Citadel Securities filing gives peek at Griffin Bank startupMay 19, 2010 11:00 pm - Citadel Securities LLC, the brokerage firm started by Ken Griffin, reported earnings of $81.6 million on revenue of $1.01 billion last year, providing a glimpse of the h...
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Zell's firm raising $500 million for Brazil propertyMay 19, 2010 11:00 pm - Billionaire investor Sam Zell's Equity International is seeking to raise about $500 million to step up investment in Brazilian real estate, betting interest rate increas...
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Judge weighing Smurfit reorg planMay 19, 2010 11:00 pm - Smurfit-Stone Container Corp. and opponents of the containerboard maker’s bankruptcy reorganization plan filed their final post-trial briefs on May 18. The judge ...
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Sears Corp.'s net income falls on higher costsMay 19, 2010 11:00 pm - Sears Holdings Corp.'s first-quarter net income fell 38 percent on thinner profit margins at its Sears chain, squeezed by heavy discounts on appliances. The discounts of...
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General Growth restructures last debt loadMay 19, 2010 11:00 pm - General Growth Properties Inc., the second-biggest U.S. mall operator, finished restructuring its $15 billion secured-debt load, clearing an obstacle from its path out o...