A Sabritas employee was in a Mexican hospital Friday with injuries sustained when his company vehicle was set afire Thursday night in the latest of a string of such attacks, a company spokeswoman said.
PepsiCo announced plans on Thursday to cut about 8,700 jobs as part of an effort to save some $1.5 billion in costs.
Do you want the good news or the bad news first? Good news? Okay.
The days of sliding a few coins into a vending machine and waiting for a can of soda to tumble down are now numbered.
updated: Fri Jan 28 2011 07:42:00
Coca-Cola CEO Muhtar Kent explains why his company has been able to enhance growth during the past year.
U.S. stocks rallied 1% Thursday, building on the previous session's big gains, as investors cheered strong retail sales and welcomed the European Central Bank's plan to extend liquidity measures.
U.S. stocks were set to open slightly higher Thursday, following a rally in European and Asian markets, and as investors digest mixed data on the U.S. labor market. The European Central Bank announced Thursday morning that it will delay its withdrawal of stimulus measures.
Having a vegetarian run a company known for shilling sugary soda and salty snacks might not seem like the most obvious match. But under Indra Nooyi's leadership, PepsiCo's growth has skyrocketed -- from the acquisition of Tropicana in 1998 and the Quaker Oats merger in 2000, to the much more recent purchase of Pepsi Americas and Pepsi Bottling, for $7.7 billion last year.
Stocks opened lower Monday as a slew of merger and earnings news rattled investors.
The mood in the ballroom at Cipriani Wall Street was exultant as several hundred influential New Yorkers gathered last year at the Women Who Make a Difference gala to benefit the National Council for Research on Women. Dina Dublon, a PepsiCo board member and former CFO of J.P. Morgan Chase, introduced one of the evening's honorees, PepsiCo chairman Steve Reinemund, who was about to hand over his post to his chosen successor, Indra Nooyi.
Pepsi can have a strange effect on people. The company, that is, not the beverage. No sooner had PepsiCo president Indra Nooyi gotten word 18 months ago that she was to become the next CEO than she hopped on a plane to Cape Cod, where Mike White, her main challenger for the job, was vacationing. The two had worked together for years. Both had been CFOs and rising stars. Both loved music. When they'd been kicked out of a board meeting the previous month while their fates were being discussed, they went to the Jersey Boys musical on Broadway and sang along to all the Frankie Valli songs.
Candy Buckley, a Broadway stage actor acclaimed for her performance as Frau Kost in the recent Sam Mendes staging of Cabaret, is onstage portraying a martini-swilling 57-year-old mother. "I want to be healthier, but I also want a martini," laments Buckley's character. "I'm torn."
U.S. stocks retreated in early trading Friday after a surprising August jobs report that showed a decline in payrolls.
PepsiCo Inc. has agreed to reveal information about the source of the water it uses to make its Aquafina bottled water, a watchdog group said Thursday.
NO. 63
Shares of beverage companies have always ranked high among the market's safe havens in uncertain times. Even when consumer incomes are stretched thin, sales of beer and soda don't suffer much.
Many economists caution that growth could slow during the first six months of 2007. And investors have recently been favoring defensive stocks.
Stocks drooped at Thursday's open as retail sales results were lackluster and earnings reports were mixed.
Indra Nooyi solidified her reputation in the business world well before she assumed her post as PepsiCo Inc.'s chief executive officer in October 2006.
Pepsico. XEROX. eBay. ADM. Kraft Foods. Sara Lee. Avon. The list of brand-name companies with women chief executives is longer and more impressive than ever, after a year of stunning breakthroughs ...
Dawn Hudson, CEO and President, Pepsi-Cola North America of PepsiCo, ranks No. 42 on Fortune's 2006 list of 50 Most Powerful Women.
We may not have reached the stage of three-course meals in a single pill, as science-fiction writers once predicted for the 21st century, but the food business of 2006 is still ripe with new ideas.
PepsiCo. Xerox. eBay. ADM. Kraft Foods. Sara Lee. Avon. The list of brand-name companies with women chief executives is longer and more impressive than ever, after a year of stunning breakthroughs in corner-office hiring. The first big surprise landed in the spring, when $37-billion-a-year Archer Daniels Midland wooed former Chevron exec Pat Woertz to take over. In June came the next shocker: Kraft Foods, which three years ago had failed to offer enough growth opportunities to keep rising star Irene Rosenfeld from walking away, persuaded her to return as CEO after a dynamic run at Frito-Lay. But the biggest news hit in the heat of August when PepsiCo unexpectedly announced that CEO Steve Reinemund would be stepping down. The front-runner to succeed him, most observers assumed, was an American man, Mike White, who had turned around Pepsi's international operations. Yet Pepsi's board defied the stereotypes, instead tapping Indian-born strategist Indra Nooyi. She had served as president and CFO since 2001 bu...
PepsiCo ranks no. 175 on FORTUNE's Global 500 this year, with $32.6 billion in revenues, up 11.3% from the previous year. The Purchase, New York-based company was ranked no. 172 on the 2005 list. Its 2005 profits were $4.1 billion, down 3.2% from a year earlier.
Soft drink and snack company PepsiCo Inc. announced Monday that chief financial officer Indra Nooyi will take over from Chairman and CEO Steve Reinemund this October. She becomes the first woman to hold the post and enters the list of leading women in corporate America.
A new record for crude futures and recommendation downgrades for some blue chip stocks could keep stocks in a tailspin Thursday.
For some time, I've been recommending PepsiCo over Coke. That's not a particularly radical viewpoint -- the majority of analysts rate Pepsi a buy.
One evening this past November, Pepsi CEO Steve Reinemund laid out a smorgasbord of snacks for his board of directors to munch on. This was not gentlemanly hospitality; it was pure business. These snacks represented Pepsi's future: a line of products aimed at cashing in on consumers' continuing obsession with healthy food. If all goes well, the line will bring in billions for the company. According to one board member, the treats were "delightful." But more than just the future of Pepsi, this spread in many ways represents everything the company has done right for nearly a decade: finding new ways into people's stomachs--and wallets--and pulling off one of the great turnarounds in American business.
Two stocks that I've been recommending reported earnings last week, and at first glance their results were underwhelming. Both stocks, however, continue to trade at premium price/earnings multiples and remain popular with analysts and investors alike.
A former PepsiCo Inc. employee was charged Tuesday with wire and mail fraud in connection with her alleged scheme to defraud the snack and beverage giant.
PepsiCo has bowed to public decorum and, citing the recent tsunamis in South Asia, put on hold a splashy new advertising campaign featuring giant waves.
With the markets struggling to get past soaring oil prices, two money managers appeared on CNNfn to suggest some plays in the drug, financial and beverage sectors.
At the Cooper clinic, a health-and-fitness boot camp in Dallas, Ken Cooper and Steve Reinemund are collaborating to change American diets. On a basic point, though, the two men are at odds. Dr. Co...
If last year set a low-water mark for corporate admiration, the results of our latest survey of thousands of businesspeople may signal a rebound: Companies' median scores rose 5% over the previous...
Even before President Bush announced his proposed dividend tax break, equity income stocks and other defensive issues were attracting investor interest as safe havens in a battered market. that mak...
Even before President Bush announced his proposed dividend tax break, equity-income stocks and other defensive issues were attracting investor interest as safe havens in a battered market.
INDEX TO THE FORTUNE 500 AND THE FORTUNE 1,000
Forget the cola wars. The most brutal battle in the beverage industry is the one for dominance of bottled water. With the niche growing at a 30% annual clip, bottled water will likely catapult ahea...
At least one group of investors seems to be showing some faith in stocks: companies that issue the stuff. As the market has plummeted, the number of stock buybacks announced has surged. In the two ...
Roger Enrico is known for bold strokes. In 1984, when he was head of PepsiCo's beverage division, he made a splash by paying Michael Jackson $5 million to moonwalk for Pepsi-Cola, strengthening the...
Last summer Joe Galli played the tug of war between the old economy and the new--and won big. In June, Galli, who had fled Black & Decker after having clashed with CEO Nolan Archibald and lost the ...
TRICON GLOBAL RESTAURANTS (YUM) NYSE, $34.50; NO DIVIDEND
In January, when PepsiCo CEO Roger Enrico disclosed his plan to spin off his restaurant division--KFC, Taco Bell, and Pizza Hut--observers asked why he'd jettison a huge enterprise ($10 billion in ...
Any MONEY subscriber old enough to sign his or her own mutual fund application knows that all successful stockpicking strategies are variations on two themes: growth and value. Value investors are ...
The generals are leading, but the troops aren't following. No, I'm not talking about a mutiny in the military; I'm referring to the mutiny in the stock market. Since mid-1996, a small number of gro...
Given today's high-flying market, you might think there were no stocks left that could climb another 30% on top of the almost unbelievable 70% advance of the past two years. Testifying before the S...
During the strange and busy week in late January when PepsiCo's board of directors voted to split up the company, Roger Enrico broadcast that he won't take a beating lying down. "Coke is deadly ser...
Inside the chairman's office on the 25th floor of Coca-Cola's stately headquarters in Atlanta, in the top left-hand drawer of his desk, Roberto Goizueta has for many years kept two charts. One desc...
Over the past month, investors rewarded several MONEY 30 companies for exhibiting the market dominance that qualifies them for our index. Coca-Cola (up 7%) snagged a prized Venezuelan bottling cont...
ROGER ENRICO has done about everything you're not supposed to do to reach the top. The son of a small-town factory foreman, he never earned an MBA. He's drifted around PepsiCo, running a huge busin...
SURVIVING a heart attack, making a bundle of money--either is enough to get most people thinking deeply about what they want to do with the rest of their lives. By 1993, Roger Enrico had reason to ...
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THIS MONTH: Earn 5% yields with a shot at 20% capital gains. Stocks soar 18.8% in La-La Land. What AT&T is now worth
Ms. Cindy Crawford c/o PepsiCo Purchase, New York 10577 Dear Cindy,
A new survey of 608 executive recruiters suggests PepsiCo CEO Wayne Calloway has an old Jack Welch problem. The survey, published in The New Career Makers by recruiter John Sibbald, names 250 manag...
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THE BATTLE over benefits has grabbed a starring role in the corporate drama of the 1990s. Companies gasping for profits in a sluggish economy are no longer willing to bear giant, fast-growing expen...
THERE WAS PLENTY of gossip in the corridors of Levi Strauss when Donna Goya, a personnel manager and rising star, cut back to a three-day-a-week work schedule in 1982. ''One of my colleagues thanke...
OUR GOAL is simply to be the best consumer products company in the world,'' says PepsiCo Chief Executive Wayne Calloway. Is he joking? Doesn't everybody know from the Coke vs. Pepsi battles that Ca...
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What Father's Day is to cigars, Easter to bunnies, and Christmas to tinsel, the Fourth of July is to fireworks. People who don't overvalue their fingers and thumbs are stocking up on some $200 mill...
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With some of the world's best-known brand names, swiftly growing sales and earnings, and video commercials by Michael Jackson and boxer Mike Tyson, PepsiCo has a lot going for it. What the company ...
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HAS ANYONE achieved supreme success in business without mastering the art of selling? Probably not. Harvey Firestone, who created one of the world's great rubber companies, and Donald Kendall, who ...
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DRIVE PAST Greyhound's Phoenix headquarters on a sweltering late-summer afternoon and you will see a crowd of people standing on the sidewalk. They are all smoking, and they look a little sheepish....
The Food and Drug Administration approved the first genetically engineered vaccine for humans, a drug developed by Chiron of Emeryville, California, to ward off hepatitis-B, an often fatal virus th...
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IN THE U.S. SOFT DRINK industry, where 1% of the market is worth $300 million in retail sales, Coca-Cola and PepsiCo don't wage mere market share battles. They fight holy wars. These days the fight...
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