Topic: Soft Drink Manufacturers
PepsiCo to buy back up to $15 billion in shares
AP News
PepsiCo to repurchase up to $15 billion in shares; raises annual dividend by 7 percentPepsiCo said Monday that it will buy back up to $15 billion worth of its own common stock through June 2013. Shares rose nearly 2 percent in premarket trading. "The board's action reflects continued confidence ...
Coke CEO Kent gets pay cut in 2009
AP News
Coca-Cola CEO Muhtar Kent takes pay cut in 2009, his first full year in chargeThe CEO of Coca-Cola Co. took a pay cut in his first full year in charge, getting less compensation than he did in 2008 when he was promoted midway through the year. Muhtar Kent has been ...
PepsiCo execs: bottler deal was right move, time
AP News
PepsiCo executives say buying bottlers was right deal for industry, Coca-Cola won't do as wellPepsiCo 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. Eric Foss ...
Pepsi gives outlook, cites confidence in new model
Reuters US Online Report Business News
NEW YORK (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. The world's No. 2 soft-drink maker, which on Friday ...
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