News on PepsiCo Inc.

Business Highlights

2010-03-16T15:15:39Z

<div id="subtitle">Business Highlights</div><div><p>Fed holds rates at record lows to foster recovery</p><p>WASHINGTON (AP) — The Federal Reserve on Tuesday repeated its pledge to hold interest rates at record lows to foster the U.S. economic recovery and ease high unemployment.</p><p>But the Fed's assessment of the econ...

PepsiCo cuts sugary drinks from schools worldwide

2010-03-16T12:32:09Z

<div><p>PepsiCo plans to remove sugary drinks from schools worldwide, following the success of programs in the U.S. aimed at cutting down on childhood obesity.</p><p>The company said Tuesday it will remove full-calorie, sweetened drinks from schools in more than 200 countries by 2012, marking the first such move by a major soft drink producer.</p><p&g...

PepsiCo to buy back up to $15 billion in shares

2010-03-15T08:15:10Z

<div id="subtitle">PepsiCo to repurchase up to $15 billion in shares; raises annual dividend by 7 percent</div><div><p>PepsiCo said Monday that it will buy back up to $15 billion worth of its own common stock through June 2013.</p><p>Shares rose nearly 2 percent in premarket trading.</p><p>"The board's action reflects continued confidence in the growth of our business and our commitment to pro...

PepsiCo spent $5 million lobbying gov't in 4Q

2010-03-15T06:15:37Z

<div id="subtitle">PepsiCo spent $5 million in 4th quarter lobbying government on food safety, childhood obesity</div><div><p>PepsiCo Inc. spent $5 million in the fourth quarter to lobby the government on taxes on sugar-sweetened beverages, food safety and other matters, according to a recent disclosure report.</p><p>That's well above the $274,000 it spent in the year-ago period and quadruple the $1.25 mi...

Summary Box: Tropicana sizes, prices

2010-03-10T15:00:17Z

<div id="subtitle">PepsiCo shrinks popular Tropicana size but keeps price same due to Florida citrus freeze</div><div><p>THE HIKES: Starting in May, Pepsico Inc. is shrinking its popular Tropicana orange juice 64-ounce product to 59 ounces, while keeping the price the same, and raising the price of its gallon container of orange juice.</p><p>THE CAUSE: A deep ...

PepsiCo execs: bottler deal was right move, time

2010-03-01T13:45:25Z

<div id="subtitle">PepsiCo executives say buying bottlers was right deal for industry, Coca-Cola won't do as well</div><div><p>PepsiCo executives said Monday their purchase of the company's two largest bottlers was the "right move" for the industry, but a similar play by top rival Coca-Cola won't be as fruitful.</p><p>Reuters) - PepsiCo Inc <PEP.N> forecast earnings growth at a low-double-digit rate in 2011 and 2012 and said its shift away from independent bottlers in the United States marked a new era in the beverage business.</p><p>The world's No. 2 soft-d...

PepsiCo maintains 2010 earnings forecast

2010-03-01T06:00:59Z

<div id="subtitle">PepsiCo maintains 2010 earnings forecast after closing buyout of 2 biggest bottlers</div><div><p>PepsiCo. on Monday reiterated its 2010 earnings prediction after it completed the purchase of its two biggest bottlers.</p><p>The company, based in Purchase, N.Y., expects earnings per share growth of 11 percent to 13 perc...

PepsiCo finishes $7.8 billion buyout of 2 bottlers

2010-02-26T13:50:28Z

<div id="subtitle">PepsiCo completes $7.8 billion buyout of 2 bottlers, move to shake up beverage industry</div><div><p>PepsiCo closed the deal to buy its two biggest bottlers Friday — a move that's expected to shake up the beverage industry.</p><p>The $7.8 billion buyout of Pepsi Bottling Group and PepsiAmericas wil...

Dr Pepper completes PepsiCo licensing deal

2010-02-26T12:15:41Z

<div id="subtitle">Dr Pepper Snapple says it has completed deal for PepsiCo to distribute some brands</div><div><p>PepsiCo Inc. has paid Dr Pepper Snapple Group Inc. $900 million as part of the process of buying Pepsi's bottlers and taking over their agreements with beverage comp...

U.S. approves PepsiCo bottler buy, with conditions

2010-02-26T08:45:51Z

<div><p>WASHINGTON (Reuters) - PepsiCo Inc <PEP.N> has won U.S. antitrust approval to buy two of its largest bottlers on condition that it take steps to safeguard a rival's business information, the Federal T...

A look at bottler deals by Coca-Cola and PepsiCo

2010-02-25T13:00:38Z

<div id="subtitle">A look at deals to buy bottlers by Coca-Cola and PepsiCo</div><div><p>Coca-Cola said Thursday it plans to buy the North American operations of its largest bottler to cut costs and better keep up with changing tastes. Rival PepsiCo is making similar moves. Here's a look at the deals:</p><p>COCA-COLA: The company gi...

Coke to acquire bottler's North American business

2010-02-25T12:00:19Z

<div id="subtitle">Coca-Cola to buy largest bottler's North American operations; deal mirrors moves by Pepsi</div><div><p>Coca-Cola plans to buy the North American operations of its largest bottler in an effort to put more new drinks on shelves more quickly to keep up with changing tastes.</p><p>The move comes just days before main rival

Dr. Pepper Snapple Group returns to 4Q profit

2010-02-25T07:45:29Z

<div id="subtitle">Dr. Pepper Snapple Group moves to 4th-quarter profit; year-ago dragged down by charges</div><div><p>The Dr. Pepper Snapple Group moved to a fourth-quarter profit and company shares soared because of a potential payout from another deal in the softdrink industry also announced Thursday.</p><p>Coca-Cola close to deal to buy North American business of Coca-Cola Enterprises</div><div><p>Coca-Cola Co. may buy the North American operations of its biggest bottler, a deal that echoes a move by rival PepsiCo in response to falling ...

Cbeyond names PepsiCo general counsel to board

2010-02-22T08:11:43Z

&lt;div id="subtitle"&gt;Cbeyond names PepsiCo general counsel Larry D. Thompson to its board&lt;/div&gt;&lt;div&gt;&lt;p&gt;Communications services company Cbeyond Inc. said Friday that it named Larry D. Thompson, the general counsel for P...

Bottler shareholders vote on form of payment

2010-02-22T08:12:55Z

&lt;div id="subtitle"&gt;Bottler shareholders vote on form of payment from Pepsico in acquisition&lt;/div&gt;&lt;div&gt;&lt;p&gt;Pepsico Inc. said Friday shareholders of two bottling companies Pepsico is acquiring voted on what form they want to receive payment in the deal.&lt;/p&gt;&lt;p&gt;The soda and snack maker said all of the shareholders who elected to receive cash in the deal will receive cash...

Pepsico to close Gatorade plant in Oklahoma

2010-02-22T08:48:24Z

<div id="subtitle">Pepsico officials announce plans to close Gatorade plant in Pryor, Okla.; economy is cited</div><div><p>Officials with Pepsico Inc. have announced plans to close the company's Gatorade plant in Pryor, Okla.</p><p>PepsiCo spokesman PepsiCo Europe CEO to present at consumer analyst conference</div><div><p>PepsiCo Inc. will present at a consumer analyst conference Thursday in Florida.</p><p>The snack and beverage maker said Zein Abdalla, chief executive officer,

Discovery to join S&P 500, Bally joins MidCap 400

2010-02-22T09:09:25Z

<div id="subtitle">Discovery Communications to join S&amp;P 500, Bally Technologies to join S&amp;P MidCap 400</div><div><p>Standard &amp; Poor's said Tuesday it is replacing two companies listed on its indices after they were acquired by