U.S. Treasury Secretary Jacob J. Lew will meet tonight with Wall Street executives after convening several economists earlier this week to discuss challenges facing the labor market including long-term unemployment.
Some members of PepsiCo Inc.’s board are frustrated at the lack of a plan for a successor to Chief Executive Officer Indra Nooyi and may address the issue over the next six months, the New York Post reported, citing an unidentified person close to the company.
PepsiCo Inc. Chief Executive Officer Indra Nooyi has taken over a coconut-water company, acquired a dairy in Russia and spent millions on a philanthropic marketing campaign. Her next big investment has a more familiar name: Pepsi-Cola.
PepsiCo Inc. said fourth-quarter profit rose 17 percent, helped by higher prices, and authorized a new plan to repurchase as much as $10 billion in stock as the world’s largest snack-food maker returns cash to investors.