TopNews

In 2012, Florida businessman Jose Lantigua made odd decisions when his company Circle K Furniture slipped into debt. At that time, he bought new furniture for his home with the company money. In addition, Lantigua built a panic room with steel doors inside his North Carolina hideaway.

After that, he started planning his fake death. He made plan with his wife, Daphne Simpson, to scam about $8 million from insurance companies. In 2013, Mourners gathered at a church in Florida to celebrate the life of Lantigua, who died while on vacation in Venezuela. The cause of his death was illness.

Taco Bell is introducing a new line of Biscuit Tacos, taco-shaped biscuits with fillings including chicken and gravy. From Thursday, this new breakfast dish will be offered in more than 6,000 US restaurants.

The move is said to be part of an expanded morning menu. Primarily, McDonald's rules the breakfast sector. Therefore, fast-food chains are now making efforts to have their share as well and give stiff competition to McDonald's.

From last year, Taco Bell introduced breakfast menu having waffle tacos, egg burritos and the A.M. Crunchwrap. Customers have appreciated this move of the company and now, breakfast accounts for around 6% of Taco Bell’s sales.

A source familiar with the matter has told Reuters that the Brazilian private equity firm 3G Capital is in negotiations to buy Kraft Foods Group for about $40bn (£27bn).

The possible deal was firstly reported by The Wall Street Journal, which said that Kraft may be valued at $40bn.

Two years ago, 3G teamed up with Warren Buffett’s Berkshire Hathaway with a motive to acquire HJ Heinz for $23.2bn. HJ Heinz is the maker of ketchup and baked beans, among other things. 3G Capital is now expected to merge Kraft with Heinz if it clinches a deal. In May, Buffett had said that he expected to work with 3G on more transactions.

In the US, Kraft is battling sluggish demand for packaged food products. Shares of Kraft rose around 16.5% to $71.4 in trading after the bell.

On Monday, China successfully completed the second ground test of a power system for its next-generation carrier rocket. The rocket will boost its capability to enter space by at least 2.5 times during missions in 2016.

Long March-5 was first test-fired on February 9 this year. The state-run Xinhua news agency reported that the test of the Long March-5 has completed ahead of its first flight next year.

Tan Yonghua, head of the Academy of Aerospace Propulsion Technology, said that with the help of non-toxic, non-polluting liquid propellant, the engines were test-fired on the ground to test the technology.

Pharmaceutical company Merck announced on Tuesday that it has received positive results from Phase III trial of Keytruda drug. The company stated that the drug met its two primary endpoints in the study as first-line treatment for patients with melanoma.

In the trial, the company has included a total of 834 patients. The patients were given Keytruda 10mg/kg every three weeks, Keytruda 10mg/kg every two weeks, or four cycles of ipilimumab 3mg/kg every three weeks. According to the company, the patients who received Keytruda showed meaningful improvement in overall survival, compared with patients receiving Bristol-Myers Squibb Co.'s ipilmumab and Yervoy.

Last week, e-commerce company Amazon was awarded with an 'experimental airworthiness certificate' by the Federal Aviation Administration (FAA).

The certificate allows Amazon to test a delivery drone outdoors in the US as the company wants to deliver packages to customers by air. At a congressional hearing on Tuesday, Amazon blasted the FAA for the delay in the approval of commercial drone testing.

Paul Misener, Amazon's vice president for global public policy, told lawmakers at the hearing that the approval is too little and too late. According to him, the six-month delay in approval made the test delivery drones obsolete and irrelevant as the company has already moved past the drone design that regulators approved last week.