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Pepsi Reported Weighing Job and Pension Cuts

A man stands next to a Pepsi advertisement while using an umbrella in the rain, in Rawalpindi
PepsiCo Inc is considering cutting about 4,000 jobs and reducing pension contributions in order to boost its earnings, the New York Post said, citing sources close to the situation.
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Wall Street Buoyed by Rallying Bank Shares

Banks led Wall Street to gains on Thursday even as Europe struggled again, a sign investors are betting a relatively strong U.S. economy will help U.S. stocks outperform other markets.
Pedestrians walk past a "Now Hiring" sign in the window of a GNC shop in Boston

Upward Revision of Payrolls Puzzles Economists

As Wall Street anxiously awaits the Labor Department's monthly employment report due on Friday, a decent bet has emerged. Odds are, the government will say it underestimated recent job gains.
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Olympus former CEO drops bid to run company: report

The former CEO of Japan's Olympus Corp is dropping his bid to retake control of the troubled company because of lack of support from Japanese institutional investors, according to a Wall Street Journal report.
Esme Barrera: Jim Ward, Indie Bands Pay Tribute

Esme Barrera: Jim Ward, Indie Bands Pay Tribute as Murder Victim Remembered

Indie musician Jim Ward is just one of countless friends, family members and even total strangers rocked by the death of Esme Barrera, a staple of the Austin, Texas music scene and a devoted advocate of children with special needs. As police search for Barrera's killer, who may be linked to two more attacks, Barrera's loved ones are fighting to preserve the memory of her life, not her untimely death.
PepsiCo CEO Indra Nooyi

PepsiCo Layoff Rumblings Confirm Trend for Mass Firings

PepsiCo's reported plans to lay off about 4,000 employees, if confirmed, would be only the latest in a round of mass layoffs large American manufacturers have announced or put into effect just 5 days into the new year.
SNB Chairman Hildebrand listens during a news conference on monetary policy assessment in Zurich

Swiss Central Bank Chief Faces Battle to Keep Job

Switzerland's top central banker is battling for his future as he faces a grilling on Thursday over a controversial currency trade made by his wife three weeks before he oversaw moves to impose a cap on the Swiss franc.

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