PepsiCo Inc., the food and beverage company that investor Nelson Peltz wants to split up, posted third-quarter profit that topped analysts’ estimates as sales of snacks gained in the U.S. and Latin America.
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.
Bloomberg's Betty Liu reports on the morning's top headlines including Target's first-quarter profit and Pepsi Chief Executive Officer Indra Nooyi faces new heat over the company's performance. She speaks on Bloomberg Television's "In The Loop." (Source: Bloomberg)
PepsiCo Inc., the soft-drink maker that makes half of its sales outside of the U.S., said currency fluctuations will cut revenue growth by about 2 percentage points this year, more than previously forecast.