Top Headlines October 2011 - part 2

PepsiCo Sees Power in Combined Business

PepsiCo Sees Power in Combined Business

BUSINESS

  • PepsiCo creates new marketing initiatives: Global Snacks Group and Power of One Americas Council
  • PepsiCo aims to expand global influence in snack and beverage industries
  • Groups to be led by John Compton, CEO Americas

Already a leader in the global soft drinks market, PepsiCo has created two new marketing initiatives: the Power of One Americas Council and the Global Snacks Group.

The Power of One Americas Council aims to expand the company’s complementary beverage and snack businesses in North, South and Central America, further building its global brand. While coordinating the food and beverage systems, the Power of One Americas will also examine different areas of both industries, including packaging, marketing, sales, office operations, distribution and manufacturing.

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iPhone 5 Looks Set For October Release

iPhone 5 Looks Set For October Release

BUSINESS

  • October 4 mentioned as possible date for launch of new device
  • Rumored issues with touchscreen could cause delays
  • Talk of cheaper devices to combat Android

After months of speculation and rumor, it is starting to look increasingly likely that Apple will launch the iPhone 5, the latest version of its successful smartphone, at some point during the month of October.

Whatever date is finally chosen, this will be the first major product launch for Apple under the leadership of Tim Cook, who took over as CEO of the firm when Steve Jobs stepped down last month. The event will also almost certainly be held on the company's home turf, in the Town Hall auditorium of its Cupertino campus.

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First Boeing 787 Dreamliner Delivered, 3 Years Off Schedule

First Boeing 787 Dreamliner Delivered, 3 Years Off Schedule

BUSINESS

  • Boeing 787 Dreamliner carbon design slashes fuel costs by 20%
  • Japan’s All Nippon Airways pays $200 million for Dreamliner
  • Boeing receives 820 Dreamliner orders, including 55 from ANA

Boeing has delivered its first 787 Dreamliner to Japanese airline All Nippon Airways (ANA) for $200 million, three years later than its original due date.

Boeing has received just over 820 Dreamliner orders to date. ANA is to use its recent delivery for domestic flights before venturing toward international flights. Though it uses only 80% fuel flying similar distances in relation to the Boeing 767, the Dreamliner outflies the Boeing 767 by more than 50%.

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Nintendo Unveils New Games, Share Price Still Fails To Rise

Nintendo Unveils New Games, Share Price Still Fails To Rise

FINANCE

  • Dramatic price cut for 3DS games device saw sales increase by 260% in August
  • New titles said to lack “wow” factor needed to turn company fortune around
  • Casual gamers now often content to play on their mobile phones

Nintendo Co., home of the Super Mario character, has launched a series of new titles that, the Japanese company claims, is among the biggest ever seen by the video games industry.

However, it was not enough to impress investors. The announcement failed to rally the firm’s share price, which has fallen by more than 45% since January this year.

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World’s Largest Frequent Flier Program Favors Heavy Users

World’s Largest Frequent Flier Program Favors Heavy Users

BUSINESS

  • United and Continental Airlines merger creates world’s biggest Frequent Flier program
  • New program announced this year admittedly caters to well-off users who tend to buy highest-priced tickets
  • New trend in highly competitive industry is to compete through changes and/or additions to Frequent Flier programs

The United and Continental Airlines merger has not only created the world’s largest airline but also the biggest frequent flier program anywhere.

In recent news of what is next for the combined programs of both airlines, the initial move perhaps paraphrases the old saying “the rich get richer.” Or in this case, the heaviest users of such programs will get the most perks, according to virtually all commentators on the move, as the new program essentially raises rewards for the most expensive ticket-buyers.

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GE Energy Wins Energy Technology Orders Worth $3 Billion

GE Energy Wins Energy Technology Orders Worth $3 Billion

BUSINESS

  • GE Energy to provide energy technology for power projects in Brazil, Australia and Egypt
  • Demand up from emerging economies, including Brazil who is investing $800 million in wind and natural gas
  • GE Energy shifting focus to industrial operations instead of finance

GE Energy, one of the world’s largest providers of power-generation equipment and services, has secured orders totaling over $3 billion to provide energy technology for a range of power-related projects in Brazil, Australia and Egypt. The projects involve everything from natural gas production to electrical grid technologies.

Iraq, China and several other nations are also slated for orders with GE Energy.

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Acquisition: United Technologies to Pay $16.5 Billion for Goodrich

Acquisition: United Technologies to Pay $16.5 Billion for Goodrich

FINANCE

  • Acquisition means 50% premium on Goodrich share price
  • United Technologies absorbs almost $2 billion debt in deal
  • Share buybacks suspended for 2012 to offset $12 billion debt

Aerospace and construction technology provider United Technologies Corp. has agreed to purchase aerospace manufacturing company Goodrich Corp. for $16.5 billion, allowing United Technologies to capitalize on growing numbers of commercial planes commissions.

Non-military orders for planes are rising as military orders fall in light of decreased defense spending worldwide.

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Alstom Wind Awarded $4.1 Million Grant by US Government

Alstom Wind Awarded $4.1 Million Grant by US Government

BUSINESS

  • Alstom wins grant for development project to increase wind power capacity and efficiency
  • Research to focus on next-generation Haliade offshore turbines
  • DOE targets 54 GW wind power capacity by 2030

Alstom has secured $4.1 million in government grants along with three United States research institutions to advance wind power technology. The project aims to develop innovative control systems and sensors to boost energy capacity and decrease the cost of manufacturing, particularly for offshore turbines and those based on floating systems.

The grant was awarded as part of a $43 million push by the US Department of Energy (DOE) to cut the cost of power generation while improving the capacity and efficiency of wind energy.

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Google Wallet Revolutionizes The Way You Pay

Google Wallet Revolutionizes The Way You Pay

BUSINESS

  • Google launches Google Wallet for Android smartphones
  • Application allows users to pay for purchases instantly without a credit card
  • Big drawback is very few phones are compatible with NFC technology

Google has launched an Android smartphone application called Google Wallet that allows users to make credit card purchases through their phones using a near-field communications, or N.F.C., chip. The technology has been available in Europe and Asia for some time, but Google is the first major company to bring it to the United States.

To use Google Wallet, users must first download the Google Wallet application to their phone, create a four digit PIN number and load funds to the app. So far, users can only use MasterCard and Visa, although Discover and American Express will be available in the near future.

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Pakistan Calls for More Nuclear to Aid Energy Relief

Pakistan Calls for More Nuclear to Aid Energy Relief

WORLD

  • Pakistan government orders 8,800 MW of additional nuclear power by 2030
  • Atomic energy body calls for IAEA and member states to collaborate
  • IAEA revises down projections for nuclear power market share after Fukushima disaster

Energy authorities in Pakistan are saying more nuclear reactors must be built to meet the soaring demands of the country’s appetite for power.

While some developed nations are moving to limit nuclear energy in the wake of Japan’s disaster at Fukushima in March, Pakistan’s government has ordered a massive expansion of its nuclear program over the next two decades.

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