Power has been one of China’s greatest recent achievements. Not power as in strength, but power as in electricity: 40 years ago, most Chinese people lived without electricity access. Today, nearly all have it, and the country is the world’s biggest electricity producer. Abundant power made possible the factories that powered China’s rise, lifting more […]

CIBIC Buying Capital One’s $3B Costco Mastercard Portfolio Canadian Imperial Bank of Commerce has signed a deal to become the exclusive issuer of Costco Mastercards in Canada starting early next year. The lender will also acquire the retail giant’s existing Canadian credit card portfolio, which boasts more than $3 billion in outstanding balances, according to […]

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Lead story: PepsiCo to Sell Tropicana and Other Juice Brands for $3.3 Billion. PepsiCo announced Tuesday it has agreed to sell Tropicana, Naked and other North American juice brands to a French private equity firm.The deal with PAI Partners will net pretax cash proceeds of $3.3 billion for Pepsi.