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By Dallas Morning News | September 17, 1995
PURCHASE, N.Y. -- By most standards, PepsiCo Inc. had a decent year in 1994 -- sales were up almost 14 percent, and operating profits increased 10 percent.But by Wayne Calloway's standards, it was a disappointing performance. The chairman of PepsiCo expects operating profits grow by 15 percent a year, and Wall Street expects the company to meet that goal."It just means we redouble our efforts to make it up in the next couple of years," Mr. Calloway said recently, adding that the 15 percent goal may be reachable in 1996.
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NEWS
April 6, 2013
Amid all the self-congratulation at the University of Maryland over a corporate financed modest boost in mental health services for students, I'd like to demur ("UM adds funding for mental health," April 3). In the article, we're told how happy everyone is that Pepsico, which "holds lucrative vending contracts with the university," is giving $500,000 a year for 10 years to allow hiring three new psychologists and 1.5 campus health center jobs to deal with a 23 percent increase in requests for help over the last few years and a tragic recent off-campus fatal shooting.
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BUSINESS
By Andrew Leckey | December 12, 1990
Q.My wife and I are novice investors and considering buying small amounts of popular stocks. What do you think about Boise Cascade?A. You can't paper over this company's problems.Boise Cascade (around $24 a share, New York Stock Exchange), the big paper and wood products firm, isn't an attractive stock due to the fact that several of its divisions face a difficult road ahead, said Lawrence Ross, analyst with PaineWebber Inc. The pressure involves the uncoated white paper division, which is its largest operation; the coated magazine paper division; and the wood products division.
HEALTH
By Andrea K. Walker, The Baltimore Sun | December 11, 2011
PepsiCo has signed a deal that allows employees and dependents across the nation to get certain surgeries at Johns Hopkins Hospital — a cutting-edge arrangement that could grow in popularity as companies look to provide better health care and contain costs. The world's second-largest soda company will pay for workers and their dependents — about 250,000 people — to travel to Baltimore for cardiac or complex joint surgeries, such as correcting problems in a previous knee replacement.
BUSINESS
By Andrew Leckey | August 28, 1991
Q.My husband and I are always battling about Coke vs. Pepsi. Now I want to buy PepsiCo stock. Do you think this is a good idea, since Coca-Cola has won the cola wars?A.Stop battling. Both of those companies offer refreshing prospects.Although Coca-Cola Co. is the No. 1 soft drink, PepsiCo Inc. (around $32 a share, New York Stock Exchange) has a commanding second-place position with more than 25 percent of the soft-drink market.Furthermore, PepsiCo has other businesses which add to its bottom line.
BUSINESS
By BLOOMBERG NEWS | April 10, 2003
PURCHASE, N.Y. - PepsiCo Inc., the world's second-biggest soft-drink maker, will introduce Pepsi Vanilla late this summer to regain sales lost to larger rival Coca-Cola Co.'s Vanilla Coke. PepsiCo also is testing Fridge Mate, a slender 12-pack designed to fit on a refrigerator shelf, the company said in a statement. The product is similar to Coca-Cola's Fridge Pack, which will be rolled out nationally this year. PepsiCo's share of the $62.9 billion U.S. soda market fell last year as berry-flavored Pepsi Blue, introduced in August, failed to boost sales as much as its new drinks such as cherry Mountain Dew Code Red. Vanilla Coke has won over 18- to 24-year-olds, among the largest consumers of sodas, since its May debut, William P. Pecoriello, a Morgan Stanley analyst, wrote in a report last month.
NEWS
By Norris P. West and Norris P. West,Staff Writer | July 13, 1993
Arthur Takeall describes himself as a courthouse novice who got a crash course in hardball tactics after he sued PepsiCo over the company's popular "right one" slogan for Diet Pepsi.The 47-year-old ventriloquist, who has a dummy named Scooter, maintains that he created the slogan "You Got the Right One -- Uh Huh." He said PepsiCo lawyers started playing rough after winning a key round of their legal battle over who created the line.PepsiCo lawyers froze Mr. Takeall's bank account in what he calls a campaign to pressure him into settling or dropping the case.
NEWS
By Norris P. West and Norris P. West,Staff Writer | March 19, 1992
Diet Pepsi, you've got the right one, baby. Right?No way, says an Annapolis ventriloquist who says he penned the phrase to the popular jingle soul singer Ray Charles has crooned over millions of television sets around the world the last two years.Arthur Takeall, 45, has filed a lawsuit in U.S. District Court in Baltimore against Pepsico Inc. He alleges that the nation's No. 2 soft-drink maker used the words for a jingle he sent to the company in 1989 when he sought funding for an educational program with his dummy, Scooter.
BUSINESS
By New York Times News Service | October 14, 1992
Shrugging off the weak economy, Pepsico Inc. posted strong third-quarter profit gains in its soft-drink, potato chip and fast-food businesses.The company said yesterday that its net income soared 49.1 percent to $425.7 million, compared with $285.4 million in the corresponding period last year, and that earnings per share jumped to 53 cents from 36 cents.Last year, Pepsico took a restructuring charge of $62.4 million in the third quarter, which partly accounts for the sharp percentage increases.
BUSINESS
By HANAH CHO and HANAH CHO,SUN REPORTER | August 16, 2006
When Indra K. Nooyi was appointed PepsiCo's new chief executive this week, she became one of 11 female leaders of Fortune 500 companies. But because there are so few women on top of the corporate ladder, the spotlight on Nooyi will go beyond her business decisions. She will bear another responsibility: that of a role model inside and outside the corporate world. "For a woman, it's an extra burden not only being a role model for women in the company but you're carrying the weight [that]
BUSINESS
By Andrew Leckey and Andrew Leckey,Tribune Media Services | September 3, 2006
Let's all let incoming PepsiCo Inc. Chief Executive Officer Indra Nooyi do her job when she steps into that position next month. Easy on the breakfast, luncheon, dinner, commencement and award ceremony speeches. Hold the puffery about her being in an all-girl rock band in college. Don't ask her to tell jokes to prove her quick wit. Be judicious in magazine covers. Just let her be a CEO, not a public relations juggernaut. A role model, yes, a figurehead, no. Don't force her to become the public successor to Carleton S. "Carly" Fiorina, shoved out as Hewlett-Packard Co. boss last year after a high-profile tenure in which she was relentlessly presented as the face of women in the executive suite.
BUSINESS
By HANAH CHO and HANAH CHO,SUN REPORTER | August 16, 2006
When Indra K. Nooyi was appointed PepsiCo's new chief executive this week, she became one of 11 female leaders of Fortune 500 companies. But because there are so few women on top of the corporate ladder, the spotlight on Nooyi will go beyond her business decisions. She will bear another responsibility: that of a role model inside and outside the corporate world. "For a woman, it's an extra burden not only being a role model for women in the company but you're carrying the weight [that]
BUSINESS
By JOHN SCHMELTZER and JOHN SCHMELTZER,CHICAGO TRIBUNE | August 15, 2006
Five years ago, Indra Nooyi audaciously proposed that PepsiCo Inc., best known for Pepsi-Cola and Mountain Dew, become less reliant on its carbonated beverages by acquiring Quaker Foods Inc. That idea was quickly trumped by Coca-Cola Co., which offered $2 billion more than Pepsi to buy Quaker. Coke executives figured that Quaker's Gatorade sports drink was worth the price. But Coke's board, led by investor Warren E. Buffet, killed the deal. Pepsi, and Nooyi, refused to match the higher bid and still landed Quaker.
BUSINESS
By ANDREW LECKEY and ANDREW LECKEY,TRIBUNE MEDIA SERVICES | March 19, 2006
I've owned PepsiCo Inc. shares for some time. What do you see as their future prospects? - K.C., via the Internet Diversification gives the No. 2 soft-drink maker an edge over No. 1 Coke. Its Frito-Lay North America division accounts for roughly half of revenues on the continent. PepsiCo will launch Ben & Jerry's refrigerated milkshakes this summer. Shares of PepsiCo (PEP) are up 2 percent this year, after gains of 13 percent last year and 12 percent in 2004. Net income rose 12 percent in its most recent quarter.
BUSINESS
By JENNY JARVIE and JENNY JARVIE,LOS ANGELES TIMES | December 29, 2005
ATLANTA -- For nearly a decade, Theodore L. Parrish, a 33-year-old investment portfolio manager, has championed PepsiCo stock from Atlanta, the hometown of Coca-Cola. "Oh, man," he said, "it's a difficult path to take." His belief in PepsiCo's diversification - soda makes up less than 20 percent of PepsiCo's sales, compared with 80 percent of Coca-Cola's - leads to awkward silences with Coke executives at golf tournaments and irate phone calls from Coke investors who hear him on the local radio.
BUSINESS
By BLOOMBERG NEWS | December 13, 2005
Coca-Cola Co. and PepsiCo Inc. are headed for their first annual decline in U.S. soft-drink sales in at least four decades as health-conscious consumers switch to bottled water, sports drinks and juices. North American soft-drink sales at Coca-Cola dropped 1 percent by volume in the first nine months of the year, while PepsiCo's fell an average 1.7 percent in the past three quarters. Coca-Cola, the world's largest soft-drink company, gets 82 percent of its revenue from carbonated beverages, and is spending an additional $400 million to win back soda drinkers and develop new products.
NEWS
By NEW YORK TIMES NEWS SERVICE | December 4, 2000
After a monthlong takeover struggle for Quaker Oats Co., PepsiCo Inc. agreed yesterday to acquire the company for about $13.4 billion in stock, executives close to the deal said. The transaction, which gives Pepsi control of Quaker's much-coveted Gatorade sports drink brand, is expected to be announced today, the executives said. The agreement for Quaker, based in Chicago, has been approved by the boards of both companies. It comes after a corporate contest that included the rejection of a first offer from PepsiCo, a preliminary bid from the Coca-Cola Co. that was rescinded after Coke's board blocked the deal, and maneuvers by Danone of France that were eventually abandoned.
BUSINESS
By BLOOMBERG NEWS | October 7, 1997
PURCHASE, N.Y. -- PepsiCo Inc. said yesterday that it raised $5.5 billion by spinning off KFC, Pizza Hut and Taco Bell into Tricon Global Restaurants Inc. and exiting its restaurant business, to gain cash to pay off most of its short-term debt and boost its stock buyback.The maker of Pepsi soft drinks and Frito-Lay snacks said it received $4.5 billion from the Tricon spinoff, which was completed yesterday.It also sold its PepsiCo Food Systems restaurant-supply unit in July to AmeriServe Food Distribution Inc. for about $830 million; sold five small restaurant chains; and completed an initial public offering of its New Zealand restaurant business.
BUSINESS
September 26, 2004
A weekly briefing on the economic calendar Monday New-home sales for August Earnings reports: Walgreen Tuesday Consumer confidence for September Earnings reports: Emmis Communications, Pepsi Bottling Wednesday Final gross domestic product and chain deflator numbers for the second quarter Earnings reports: McCormick, Micron Technology Thursday Personal income and spending for August Chicago purchasing managers index for September Earnings reports:...
NEWS
August 3, 2003
Chamber and college to offer leadership program for '03-'04 The Carroll County Chamber of Commerce will hold its Leadership Carroll program for 2003--2004. The program is a partnership of the chamber and Carroll Community College. Since its inception in 1990, it has provided community leaders with an expanded knowledge of the problems, opportunities and issues facing the county. Leadership Carroll provides an overview of the county's history, agricultural heritage and traditions; its relationships and interactions among the county's major components; and the community's economic, legal and political future.
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