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BUSINESS
November 23, 1989 | From Reuters
Kentucky Fried Chicken is trying to put the sizzle back into its fast-food business by adding charcoal-grilled chicken to a menu now led by its much copied fried chicken. The restaurant chain is trying to lift profits out of a recent downward trend by adding non-fried chicken products and expanding lunchtime business in the United States, its president, John Cranor III, said. A subsidiary of Pepsico Inc., Louisville-based Kentucky Fried Chicken Corp.
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BUSINESS
August 1, 1997 | GREG JOHNSON, TIMES STAFF WRITER
Tricon Global Restaurants Inc., the parent company of Taco Bell, KFC and Pizza Hut, which will be spun off from PepsiCo Inc. later this year, said Thursday that its headquarters will be in Louisville, Ky. The new holding company, which will own more than 30,000 restaurants, said the decision should not be felt at Taco Bell's headquarters in Irvine. "We want to emphasize that this won't have any impact on Taco Bell's headquarters," said David Novak, Tricon's vice chairman and president.
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.
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
August 10, 1995 | From Reuters
Hindu nationalists launched a campaign Wednesday to drive foreign goods out of India, less than a week after a wealthy western state canceled the country's biggest foreign investment project, a power plant that was being built by Houston-based Enron Corp. About 100 protesters gathered in the rain in New Delhi, smashing bottles of Pepsi and shouting slogans denouncing the policies of Prime Minister P.V. Narasimha Rao, who opened up the Indian market in 1991. "Foreigners go home!"
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.
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.
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