Category: News

How Grocer Giant Competes for Your Virtual Shopping Cart

The willingness of consumers to try buying groceries online has helped fuel a fiercely competitive market, and one that analysts expect to grow. The Food Marketing Institute and Nielsen predicted this year that 70% of consumers will regularly shop for …

Knorr-Bremse Industrialist Thiele Increases Fortune to $15.3 Billion After IPO

Heinz Hermann Thiele is about $6 billion richer after last week’s initial public offering of his largest asset, Knorr-Bremse AG, the world’s biggest maker of truck and train braking systems. The IPO makes him the country’s fourth-richest person, with a net worth of $15.3 billion, according to the Bloomberg Billionaires Index.