PepsiCo Inc.’s board sent a letter to activist investor Nelson Peltz firmly rejecting his demand to split the company’s snacks and beverages units, supporting a stance taken by Chief Executive Officer Indra Nooyi.
Venezuela President Nicolas Maduro heard from his critics and supporters at a “peace conference” in Caracas that the main political opposition group decided to skip following two weeks of protests that have killed 14 people.
Peter Carlisle, the sports agent who represents Olympians Michael Phelps and Apolo Ohno, began pitching downhill skier Mikaela Shiffrin to potential sponsors months ago. That job got a lot easier last week.
Barcelona, the four-time European soccer champion, said it paid 13.6 million euros ($18.7 million) to Spanish tax authorities today to cover a possible shortfall when it signed Brazilian player Neymar.
Sudan is boosting loans to farmers and providing laborers with low-cost housing in a bid to double harvests of gum arabic, an ingredient used by companies including Coca-Cola Inc. and Sanofi SA, an industry board said.
Activist investor Nelson Peltz, who has sought a split of PepsiCo Inc.’s beverage and snack units, was “highly disappointed” with its decision not to heed his proposal and will take the case directly to investors, he said yesterday in a 37-page letter to the company.
Warren Buffett, speaking last April at Coca-Cola Co.’s annual meeting, warned that the beverage giant shouldn’t get complacent about its success. Ten months later, those words could come back to haunt the company.