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BUSINESS
June 11, 1997 | GREG JOHNSON, TIMES STAFF WRITER
PepsiCo Inc. on Tuesday took another step toward spinning off its $11-billion restaurant business by appointing new presidents at the Taco Bell, KFC and Pizza Hut chains. The appointments came one day after the soft drink and snack food giant named the chairman and vice chairman of the restaurant company that will be spun off to shareholders later this year.
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BUSINESS
December 27, 1990 | From Associated Press
Buy a soft drink, help a school. Budget's tight, call a cola company. That is the thinking behind the unusual partnership between the nation's leading beverage companies and many parents and principals. In Moodus, Conn., the entire town is collecting Pepsi caps to save the dilapidated Nathan Hale-Ray High School. In the first three weeks, children saved 20,000 caps. At a nickel apiece, the caps won't cover $9 million in expenses, but the fund-raising drive has raised hopes.
BUSINESS
July 24, 1985
Pepsico Inc. said its second-quarter net income came to $256 million, compared to a loss of $42.5 million resulting from a restructuring in the same period a year earlier. Revenue for the three-month period ended June 15 rose 7% to $1.94 billion from $1.82 billion, the company said. The Purchase, N.Y.-based concern said it had strong operating earnings growth of 29% in both the second quarter and in the first half of the year.
BUSINESS
May 8, 1986
Pepsico Inc. said Wednesday that D. Wayne Calloway has been named chairman of the board and chief executive, succeeding Donald M. Kendall, who has retired from those posts. Kendall, 65, will serve as chairman of the executive committee. He was a co-founder of Pepsico in 1965 and was its chief executive from the start. Calloway, 50, a 19-year veteran of the company, had been president and chief operating officer since January, 1985.
BUSINESS
May 9, 1986
Donald M. Kendall, chairman and chief executive of Pepsico Inc., has been elected a director of Lorimar-Telepictures Corp., Culver City.
BUSINESS
March 30, 1999
Pepsi Bottling Group Inc., the bottling unit of Pepsico Inc., and two Internet companies, Priceline.com Inc. and Ziff-Davis Inc.'s ZDNet online business unit, plan initial stock sales.
BUSINESS
October 25, 2012 | By Marc Lifsher, Los Angeles Times
SACRAMENTO - Once riding high, Proposition 37, the statewide ballot measure to label genetically engineered foods, has seen its voter support plummet during the last month, and a new poll shows the high-stakes battle now is a dead heat. After a barrage of negative television advertisements financed by a $41-million opposition war chest, a USC Dornsife / Los Angeles Times poll released Thursday showed 44% of surveyed voters backing the initiative and 42% opposing it. A substantial slice of the electorate, 14%, remains undecided or unwilling to take a position.
BUSINESS
October 22, 2012 | By Laura J. Nelson and Chad Terhune
Amid increasing scrutiny of the fast-growing energy drink industry, federal health officials are investigating reports that five people have died since 2009 after consuming Monster Beverage Corp.'s energy drinks. The U.S. Food and Drug Administration said it hadn't established a link between Monster energy drinks and the reports it has received concerning five deaths and another non-fatal heart attack. The government inquiry comes after a Maryland couple sued the Corona company last week in California for negligence and wrongful death in connection with the death of their 14-year-old daughter, Anais Fournier.
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