Word: pepsico
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Dates: during 1970-1979
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...However, PepsiCo is still shipping concentrate to its Iranian bottlers, and Continental Telephone is proceeding with building a phone cable network for Tehran. One of the largest projects had been the joint venture between California's Fluor Corp. and West Germany's Thyssen to build a $750 million, 200,000 bbl.-a-day oil refinery at Isfahan for the National Iranian Oil Co. The refinery has been a high-priority item for the Iranian government, which fears shortages of kerosene and diesel fuel during the winter. Last week, when the refinery was a month away from partial operation...
...Open, which is held every September in New York City, have failed to renew their pledges. Most telling of all, sales of racquets, which peaked at $184 million in 1976, skidded to $137 million last year and are expected to fall another 30% this year. Wilson Sporting Goods, the PepsiCo subsidiary that introduced the first steel racquet in 1967, has been losing money and is widely rumored to be up for sale...
Says one of them, PepsiCo Chairman Donald Kendall: "Connally's greatest strength is in the Big Business community." Thomas Ellick, a corporate vice president of California's Fluor Corp., who was a special assistant to Governor Ronald Reagan in 1968-71, finds that "I'm just amazed at the breadth of the people who are coming out of the woodwork for John Connally. If anyone is looking for a replacement for John Wayne as the personification of America, this...
Even Carter's supporters, however, share the nagging doubt that the President has any comprehensive economic policy. Says Donald Kendall, chairman of PepsiCo: "We have a very confused ball game. There are big problems, and people don't know what will happen. With a Democratic Congress and a Democratic President, you'd think we would know where we were heading...
...billion acquisition of Marcor, the company that owns the Montgomery Ward department stores, and Atlantic-Richfield's $700 million buy-out of Anaconda, the copper-mining giant. Right now, Gulf Oil has offered $440 million for Kewanee Industries, an independent oil and gas producer; PepsiCo has bid $315 million in stock for Pizza Hut, a chain of franchised fast-food stores; and Anderson, Clayton & Co., a major food processor, initially offered $323 million, before later reducing its bid, to buy control of Gerber Products, maker of two-thirds of the nation's baby food...