Word: pepsico
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...healthcare conglomerate earned $3.31 billion, up from $2.55 billion in the same period a year ago, attributing its higher earnings to increased sales of consumer goods and medical devices - at least Americans are still buying some products. But not all American consumer-product companies are doing so well. PepsiCo, maker of the popular soft drink, missed analyst estimates; shares are off by 8.9%. The company announced layoffs of 3,300 jobs or about 1.8% of the workforce...
...Jones industrial average was followed by a more solemn Tuesday, with the Dow sinking .8% as investors pulled back fearing tough times ahead. There's still a real economy out there - and it's still hurting. Shares in blue-chip companies fell yesterday as layoffs in places like PepsiCo loomed. In the days ahead, Wall Street will receive several reality checks that could take the fizz out of any good cheer brought on by the Dow's biggest one-day gain since...
Cadbury Schweppes' two-pronged portfolio of candy and soft drinks wasn't too far off strategically from the soft-drink and snack-food approach that has served PepsiCo so well. The difference is that Pepsi has Pepsi, not Dr Pepper, as a top brand and an organization that can execute to the last bottle cap. For Cadbury, growing two separate businesses proved an insurmountable task, undone by bad execution, bad luck and the weird actors who dominate candyland--the secretive, privately held Mars Inc. and the stumbling, publicly held Hershey Co., which is controlled, ineptly, by the Hershey Trust...
...India's southern state of Kerala, accused the company's bottling plant there of depleting and polluting groundwater. Two years later, the local government forced Coke to shut down the plant. In 2006, when a New Delhi research group found high levels of pesticides in Coca-Cola and PepsiCo's locally produced soft drinks, several Indian states banned their sale. The incidents were particularly worrisome because they hurt Coke's brand in a rapidly developing market that's considered key to future growth...
...have inspired or influenced them. At this year's dinner, which more than 60 current and former TIME 100 winners attended, the toasts offered moving moments. John McCain paid tribute to his "compatriots" Hillary Clinton and Barack Obama. Lance Armstrong extolled the work of the oncologist Dr. Harold Freeman. PepsiCo chairman and CEO Indra Nooyi honored her two daughters, while Robert Downey Jr. tearfully thanked his father, filmmaker Robert Downey Sr. It was a sparkling evening--like the TIME 100 issue come to life. And it began with a performance by legendary jazz musician Herbie Hancock, was punctuated...