PepsiCo Inc News
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North West Company Inc., the oldest Canadian grocer, is trading at a record high as its dominance of remote markets from the Arctic to the South Pacific shields it from U.S. competitors such as Target Corp.
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U.S. stocks rose, with the Standard & Poor’s 500 Index rebounding from a six-week low, as companies from Capital One Financial Corp. to Google Inc. reported earnings that topped analysts’ forecasts.
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Nelson Peltz’s Trian Fund Management LP disclosed stakes in PepsiCo Inc. and Mondelez International Inc., increasing speculation that he’ll push for a merger of the food makers.
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Companies from Philip Morris International Inc. to Colgate-Palmolive Co. are finding that overseas expansion has its drawbacks as a stronger dollar makes it more expensive to repatriate profits from abroad.
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PepsiCo Inc. surged to the highest price in at least 32 years after the world’s largest snack-food maker reported first-quarter profit that topped analysts’ estimates, helped by global snack sales.
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U.S. stocks fell, sending the Standard & Poor’s 500 Index to a six-week low, as earnings from UnitedHealth Group Inc. to EBay Inc. disappointed investors.
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U.S. stocks fell for a second day amid disappointing earnings reports and data on leading economic indicators and Philadelphia-area manufacturing that trailed estimates. European shares erased earlier gains while gold rose and oil rebounded from a four-month low.
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China’s foreign direct investment rose for a second month in March, a sign of confidence in the world’s second-biggest economy amid last quarter’s unexpected growth slowdown.
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Almarai Co., the largest Saudi Arabian food producer by market value, said first-quarter profit increased 5.4 percent as its poultry revenue grew.
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Wal-Mart Stores Inc. is winning the lowest borrowing costs this year as its AA credit rating offsets challenges from a corruption probe to reports of thinly stocked shelves.
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