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February 10, 2007 | From the Associated Press
Joya Williams, who was convicted of conspiring to steal trade secrets from Coca-Cola Co., was sent to jail because of concerns that she could be a flight risk. U.S. District Judge J. Owen Forrester told Williams that her behavior since her arrest in July has showed she "would do anything to avoid going to jail." Williams, 41, faces as many as 10 years in prison for conspiring to steal trade secrets from the Atlanta-based beverage giant and sell them to rival PepsiCo Inc.
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BUSINESS
December 3, 2003 | From Reuters
PepsiCo Inc. said it would reorganize its North American soft drink business, reversing changes made just 18 months ago, and close a Frito-Lay plant in Kentucky. The cost-cutting moves will reduce the North American workforce by about 750 and reverse Pepsi's June 2002 consolidation of its North American drinks business into one unit. Pepsi said it would record restructuring charges of about 6 cents a share in the fourth quarter. Its shares fell 57 cents to $48.14 on the NYSE.
BUSINESS
July 7, 2009 | Times Wire Reports
Soft drink maker PepsiCo Inc. announced plans to boost its investment in Russia, continuing a trend of consumer companies seeking growth in emerging markets as their U.S. sales soften. With its largest bottler, Pepsi Bottling Group Inc., Purchase, N.Y.-based PepsiCo plans to invest an additional $1 billion in Russia over three years, taking the partnership's Russia stake above $4 billion. Pepsi in 1974 became the first Western consumer product to be made and sold in the Soviet Union.
BUSINESS
December 27, 2006 | From Bloomberg News
Denny's Corp., a restaurant chain targeted in racial discrimination lawsuits in recent years, named former PepsiCo Inc. executive Louis Laguardia to the new position of vice president for talent acquisition and diversity. Laguardia was vice president of staffing and diversity for PepsiCo's Frito-Lay North America. He has more than 25 years of experience in human resources, diversity and general management, Spartanburg, S.C.-based Denny's said in a statement.
BUSINESS
November 10, 2005 | From Reuters
PepsiCo Inc. said it planned to cut costs in some of its operations and take a restructuring charge of as much as $85 million. As part of the plan, the company's Frito-Lay unit said it would lay off 200 to 250 employees, or 0.5% of the snack food maker's 46,000 workforce. PepsiCo said the restructuring charges would cut 2005 earnings per share to $2.38 to $2.39 from the previously forecast $2.41 to $2.42 a share.
BUSINESS
April 16, 2004 | From Bloomberg News
PepsiCo Inc., the world's second-largest soft-drink maker, said first-quarter earnings rose 15% as new Gatorade flavors and advertising for Lays snacks fueled the biggest sales increase in two years. Net income rose to $804 million, or 46 cents a share, from $698 million, or 40 cents, a year earlier, Purchase, N.Y.-based PepsiCo said. Revenue rose 11% to $6.13 billion. Shares of PepsiCo fell 10 cents to $54.81 on the NYSE.
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