Wall Street sinks as bank shares tumble
Stocks slid on Monday on concerns over the sustainability of recent better-than-expected results from banks after Bank of America Corp reported a big increase in troubled loans.
Wall Street falls as bank shares tumble
Stocks slid on Monday on concerns over the sustainability of recent better-than-expected results from banks after Bank of America Corp reported a big increase in troubled loans. Wall Street's tumble follows a six-week winning streak, the longest for the S&P 500 since 2007, with the Dow scoring its biggest gain over the period since 1938.
PepsiCo bids $6 billion for bottlers
PepsiCo Inc offered $6 billion to buy the remaining stakes in its two largest bottlers, Pepsi Bottling Group and PepsiAmericas Inc, as it seeks to secure more control of its distribution and cut costs.
PepsiCo offers $6 billion for bottlers
Soft-drink maker PepsiCo offered about $6 billion on Monday to buy the shares it does not already own in its two largest bottlers, Pepsi Bottling Group and PepsiAmericas, to cut costs and secure control of its brands as growth switches to new non-carbonated drinks.
More news
PepsiCo reorganizes into 3 units
PepsiCo announced a restructuring on Monday that will split the food and beverage company into three units -- one for food in the United States, one for U.S. drinks and one for food and drinks abroad.
PepsiCo to launch new Gatorade
PepsiCo Inc said on Friday it was launching new drinks, including the caffeinated Propel Invigorating Water and a lighter version of the Gatorade sports beverage.
Nestle sees growth, innovation: U.S. water exec
Nestle SA, the world's largest food company, expects U.S. volume growth of its bottled water brands to improve in the next few months as comparisons with last year become easier, an executive said on Tuesday.
Kraft mulls sale of Post cereals business: paper
Kraft Foods Inc. is in the early stages of looking for a buyer for its Post cereals business, maker of the Grape Nuts and Shredded Wheat brands, the Wall Street Journal reported on its Website on Thursday.
PepsiCo to buy Russia's Lebedyansky: report
The world's No.2 soft drink firm PepsiCo has agreed to buy Russia's top juice maker Lebedyansky for $1.5-2 billion to boost its modest Russian juice market share, a newspaper reported on Monday.
Aquafina labels to spell out source - tap water
PepsiCo Inc. will spell out that its Aquafina bottled water is made with tap water, a concession to the growing environmental and political opposition to the bottled water industry.
PepsiCo profit up, raises outlook
PepsiCo Inc. posted a greater-than-expected quarterly profit on Tuesday on a lower tax rate and higher sales of Frito-Lay snacks.
Coca-Cola posts better-than-expected profit
Coca-Cola Co. posted higher-than-expected quarterly profit on Tuesday, helped by strength in its developing China and India markets, and moderate gains in mature markets such as Germany and Japan.
Danone offers $17 bln for food firm Numico
French food group Danone offered 12.3 billion euros ($16.8 billion) for Dutch rival Numico to forge what it said will be the world's largest health and nutrition company.
Indian court lifts regional ban on Coke, Pepsi
A court in India on Friday lifted a state ban on Coca-Cola and PepsiCo drinks, which had been imposed after an environmental group said they contained unsafe levels of pesticides.
PepsiCo Refreshes With a New CEO
Indra Nooyi, 50, must maintain strong growth and face the perpetual Coca Cola challenge.
Pepsi Names New CEO
Pepsi Co. Inc. on Monday announced that it would be replacing current Chief Executive Steve Reinemund, after he announced he would retire, with the company's Chief Financial Officer, Indra Nooyi.
PepsiCo Names New Female CEO
Indra Nooyi, who played in an all-girl rock band in her youth, brings her ease at performing onstage to the boardroom at PepsiCo Inc. where she will become the new chief executive, those who know her said on Monday.
Pepsi Bottling Profits Up in 2Q
Pepsi Bottling Group Inc., the largest Pepsi bottler, announced Tuesday that profits were up in its second quarter, attributing the growth to strong sales of its non-carbonated drinks.
Food companies criticised over health commitments
Many of the world's top food companies are not doing enough to help cut the salt, fat and sugar which are contributing to a global, diet-related health crisis, according to a report on Tuesday.
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