NEW YORK, July 11 (Reuters) - PepsiCo ( PEP ) CEO Ramon Laguarta said Thursday there is much more price sensitivity across U.S. income groups and not just low-income consumers, highlighting its sensitivity to broad shifts in consumer demand. The Diet Pepsi and Tostitos tortilla chips maker, which fell short of Wall Street expectations for revenue for its second quarter...

(Reuters) - Ozy Media co-founder Carlos Watson was betrayed by a top deputy who lied to investors and forged documents to hide the startup's dire finances, a defense lawyer said on Thursday during closing arguments in the former news anchor's fraud trial.  Watson, a former cable news anchor and investment banker, and Ozy are charged with securities fraud and wire...

12:01 PM EDT, 07/11/2024 (MT Newswires) -- The Federal Trade Commission is planning to delay a decision on whether to block Chevron's ( CVX ) $53 billion acquisition of Hess (HES) until an arbitration case with Exxon Mobil ( XOM ) is settled, Bloomberg reported, citing people familiar with the matter. (Market Chatter news is derived from conversations with market...

WASHINGTON (Reuters) -Republican lawmakers are seeking an intelligence briefing from the Biden administration on Microsoft's ( MSFT ) $1.5 billion investment in UAE-based artificial intelligence firm G42, citing concerns over the transfer of sensitive technology and G42's ties to China. In a letter to White House National Security Advisor Jake Sullivan, Congressman Michael McCaul, who chairs the House foreign Affairs...