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Sabritas

Knights Templar Drug Cartel Firebombs Sabritas Distribution Center, A PepsiCo Subsidiary

Mexican authorities arrested four members of the Mexican drug cartel the Knights Templar after a series of firebombings that damaged a potato-chip company factory owned by PepsiCo. The firebombings prompted Mexican authorities to beef up security at the factory. This was the first recorded attack on an American firm by a drug cartel in Mexico.
General Motors issued fourth-quarter results Thursday.

General Motors Won't Advertise During 2013 Super Bowl

The General Motors Co. (NYSE: GM), the largest U.S. automaker, said Friday it will not advertise during the broadcast of the 2013 Super Bowl as it shifts its advertising strategy, according to the Wall Street Journal.
Coca-Cola

Coca-Cola In Talks To Buy $11.6B Monster Beverage

The Coca-Cola Co. (NYSE: KO) is in talks to buy energy drink maker Monster Beverage Corp. (Nasdaq: MNST), an $11.6 billion company whose shares rocketed more than 20 percent Monday, in what would be Coca-Cola's largest acquisition, the Wall Street Journal reported.
International Business Times Logo

Wall Street Gains But Exxon And Aetna Drop

Stocks advanced in choppy trade on Thursday as another batch of positive earnings and a strong housing report put equities on track for a third straight day of gains.
Coca-Cola

Coca-Cola Earnings Preview: Q1 Lifted By Sales In Emerging Markets

The Coca-Cola Company (NYSE: KO) is expected to report stronger first-quarter profit as the world's largest soft-drink maker tries to offset higher commodity prices by undertaking a new cost-cutting program and continuing to target emerging market growth.
International Business Times Logo

PepsiCo Inc. Betting On Emerging Markets For Continued Growth

PepsiCo Inc. (NYSE:PEP), the world's second-largest food and beverage company, claimed the No.784 spot on the IBTimes 1000 list by expanding aggressively in emerging markets and catering to consumers' demand for healthier food and beverages.
International Business Times Logo

Wall Street To Open Lower After China Trade Data

Stocks were set for a slightly lower open on Monday as economic data in China and this week's Federal Open Market Committee announcement gave investors reason to pause after a three-day rally.
PepsiCo CEO Indra Nooyi

PepsiCo Shake-Up: Ex-Exec To Run Food Unit

The hiring of Wal-Mart's Brian Cornell to run the Americas food unit and promotion of longtime executive John Compton to the new post of president might be seen as attempts to find a successor to Chairman and CEO Indra Nooyi, who has been mentioned in media reports as a potential candidate for World Bank president.
Coke

Coke, Pepsi Change Recipe To Avoid Cancer Warning

Coke and Pepsi will reduce the amount of caramel coloring in their sodas so they won't be required to add a cancer warning label. However, both companies maintain their products have always been safe.
Coca Cola

Cancer-Causing Chemicals Found in Cola Drinks: CSPI

Chemical analyses have found that high levels of a chemical that causes tumors in animals are present in drinks made by Coca-Cola and PepsiCo, according to a report by a consumer advocacy group.
Cans of Pringles are seen on display in New York

Kellogg to Swallow Pringles for $2.7B

Kellogg Co agreed to swallow Pringles potato chips for $2.7 billion in a cash deal that makes the cereal company second only to PepsiCo Inc in the global snack food market.
International Business Times Logo

AmerisourceBergen CFO DiCandilo Resigns

AmerisourceBergen Corp. said on Monday its Chief Financial Officer Michael DiCandilo had resigned to pursue other interests, effective immediately, sparking at least one broker downgrade and sending its shares down more than 3 percent.
PepsiCo CEO Indra Nooyi

PepsiCo to Restructure With Job Cuts

PepsiCo has always been in direct competition with Coca-Cola Co., but now it seems that the company's main problem is higher costs for materials. A restructuring plan was announced Thursday that includes cutting 8,700 jobs internationally.

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