Peltz urges PepsiCo to buy Mondelez (FT )
Nelson Peltz has launched a public campaign to transform PepsiCo, urging the group to first merge its snack business with Mondelez in a $60bn deal, and then to spin out its slow-growing soda business to shareholders.
India toughens up on insider trading (FT )
India’s main financial market regulator has been handed new powers to investigate insider trading, a decision hailed as a significant step forward in the country’s battle against securities fraud.
End of QE looms on signals from UK and US (Telegraph )
The end of quantitative easing in the Western world loomed closer after both the UK and the US signalled a potential retreat from the controversial crisis policy.
Gas prices could fall by a quarter with shale drilling, Government advisers say (Telegraph )
Gas prices could fall by a quarter and help bring down household energy bills if Britain exploits its shale gas reserves, a report commissioned by Ed Davey, the Energy Secretary, suggests.
Two tech titans, IBM and Intel, have reported big drops in net income (BBC )
Intel reported a second-quarter profit of $2bn (£1.32bn), down 29% from a year ago. For its part, IBM saw earnings for the same period fall 17% to $3.23bn.