Latest PepsiCo Inc News

Asian stocks sink after Wall Street declines

Apr. 18, 2019 12:36 AM EDT

BEIJING (AP) — Asian stocks fell Thursday after Wall Street declined despite encouraging Chinese economic data. Benchmarks in Shanghai, Tokyo, Seoul and Hong Kong all retreated. Sydney was little-changed. U.S. stocks fell despite data showing growth in China's gross domestic product held steady in the...

PepsiCo beats expectations for 1Q sales and profit

Apr. 17, 2019 7:38 AM EDT

PURCHASE, N.Y. (AP) — PepsiCo Inc. on Wednesday reported first-quarter net income of $1.41 billion. On a per-share basis, the Purchase, New York-based company said it had net income of $1. Earnings, adjusted for one-time gains and costs, came to 97 cents per share. The results exceeded Wall Street...

Amazon adds former PepsiCo CEO Indra Nooyi to board

Feb. 25, 2019 5:39 PM EST

NEW YORK (AP) — Amazon has named former PepsiCo CEO Indra Nooyi to its board, the second woman of color to be added to the online retailer's board of directors in a month. Amazon and other big companies have been under pressure to diversify their boards. Earlier this month, Starbucks executive Rosalind...

Consumer goods companies preparing for climate change impact

Feb. 25, 2019 6:50 AM EST

BERLIN (AP) — Companies behind some of the best-known consumer products — from soaps to sodas — are beginning to factor climate change into their business equation, according to a report published Monday. The survey of 16 major corporations by nonprofit group CDP found that many are working...

California lawmakers seek tax, other limits on sugary drinks

Feb. 20, 2019 7:34 PM EST

SACRAMENTO, Calif. (AP) — State lawmakers are trying again to discourage the consumption of sugary beverages, proposing a tax, warning labels, and a ban on soda displays near checkout lines among other measures on Wednesday. The five bills address what the Democratic lawmakers call a public health crisis...