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U.S. markets recover from steep losses
PURCHASE, N.Y., April 20 (UPI) -- PespiCo said Monday it would reverse its strategy on bottling, offering $6 billion to buy the portions of two bottling companies it does not already own.
PepsiCo's Chief Executive Officer Indra Nooyi said the company could "improve our competitiveness and our growth prospects," by attempting to take control of Pepsi Bottling Group and PepsiAmericas.
The move that would give it control of 80 percent its North American beverage volume, The New York Times reported Monday.
In effect, control of its bottling would allow PepsiCo to shift its focus as demand shifts from carbonated drinks to fruit drinks, sports power drinks and water.
In addition, PepsiCo would realize a pretax savings of about $200 million from the two deals and an earnings growth of 15 cents a share, the newspaper said.
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ERBIL, Iraq, May 24 (UPI) --
Plans for Iraq's semiautonomous Kurdish enclave to build an oil pipeline to Turkey points to a major political and economic realignment in the Middle East that will impact heavily on Iraq.
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NEW DELHI, May 24 (UPI) --
India's state-run National Aerospace Laboratory will work with Kadet Defense Systems to develop NAL's Hansa trainer aircraft into an unmanned airial vehicle.
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First-time buyers are driving the expectations that a recovery has begun. Their numbers and market share are growing despite financing roadblocks and competition with investors for entry-level homes. ...
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It is a whole new ball of wax in Europe these days.
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