PepsiCo to Sell Tropicana, Naked Juice Brands to Private-Equity Firm

The snacks-and-beverage company will sell Tropicana, Naked and other juice brands in North America to private-equity firm PAI Partners, according to people familiar with the matter.

 
KKR Earnings Surge as Firm Rakes In Record Cash From Investors

The value of the flagship private-equity portfolio gained 13% during the quarter, topping gains in the S&P 500.

 
Wolverine to Buy Sweaty Betty for $410 Million

The maker of Wolverine boots and Keds, Saucony and Merrell sneakers is diving deeper into apparel with the acquisition of women's activewear brand Sweaty Betty.

 
As China's Online Tutoring Firms Tank, India's Cash Up

China's crackdown on its booming for-profit education sector has shaken many investors, but in India, the sector looks poised for further rapid growth.

 
Qualcomm Is Living Out Chips' Big Tech Risk

Losing its role as chip maker to Google's Pixel won't hurt Qualcomm much, but fears of an Apple processor continue to weigh on its stock price.

 
DHL Orders First Electric Cargo Planes to Slash Aviation Emissions

European logistics giant DHL placed its first order for electric cargo planes, marking one of the industry's early deals for the emerging aircraft technology as carriers aim to cut their emissions to meet government climate-change ambitions.

 
Jeep, Dodge Maker Posts Strong Results Amid Higher Demand and Prices

Stellantis also warned that increases in raw-material prices were likely to get worse in the second half and a global shortage of chips is likely to continue to hit production.

 
China Shuns Ericsson, Nokia as the West Curbs Huawei

The U.S. and many of its allies have restricted the use of 5G cellular equipment made by China's Huawei. Now Beijing is doing the same to Huawei's Western rivals.

 
Tencent Sinks After China Denounces Online Gaming

Shares in Tencent and rivals plummeted after a state-owned newspaper criticized online gaming as "opium for the mind," fueling concerns that the companies' games could be swept up into a broader regulatory crackdown.

 
China Takes Aim at Auto Chip Dealers With Global Supplies Low

China's top market watchdog said it is investigating auto chip dealers that it suspects are driving up prices during the global chip shortage.

(END) Dow Jones Newswires

August 03, 2021 07:00 ET (11:00 GMT)

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