Michelle Chapman

May 18, 2010 | Daily Report Online

NEW YORK AP - Home Depot Inc.'s fiscal first-quarter net income surged 41 percent as shoppers snatched up seasonal items and the number of customer transactions rose.This is a positive sign for the No. 1 U.S. home improvement retailer, as consumers cut back on home-improvement projects during the recession and housing slump, and Home Depot responded to those weak sales by scaling back store openings and cutting jobs.

By MICHELLE CHAPMAN

2 minute read

December 02, 2010 | Daily Report Online

NEW YORK AP - PepsiCo Inc. is buying a majority stake in Wimm-Bill-Dann Foods for $3.8 billion, a deal that will make it the biggest food and beverage company in Russia.The deal is Pepsi's largest international acquisition ever. It gives the company dominant position in the fast-growing Russian market and furthers its plan to build its global nutrition business.

By MICHELLE CHAPMAN and SARAH SKIDMORE

4 minute read