PepsiCo’s plan leaves some investors thirsting for more
By Martinne Geller Thu Feb 9, 2012 6:04pm EST (Reuters) – PepsiCo Inc (PEP.N) Chief Executive Indra Nooyi laid out a plan to turn around the company’s North American soft drink business that includes ramping up advertising, cutting 8,700 jobs and a bigger-than-expected decline in near-term earnings. Nooyi, whose 5-year tenure has been marred by [...]
Diamond Foods may breach debt covenants: analysts
Thu Feb 9, 2012 3:13pm EST (Reuters) – Diamond Foods Inc (DMND.O) is likely to breach its debt covenants and cancel its biggest-ever deal, analysts said, as its stock tumbled 37 percent a day after the company removed its two top executives and said it would restate results for the last two years. “Diamond’s (earnings) [...]
Cisco slips as fragile recovery fails to impress
Thu Feb 9, 2012 10:57am EST (Reuters) – Shares of Cisco Systems Inc (CSCO.O) fell 3 percent, a day after the network equipment maker’s estimate-beating forecast failed to impress, suggesting investors may still be wary of its restructuring efforts paying off so early. The stock has seen a dramatic rise after it hit a nearly [...]
Ron Paul Issues Statement on Obama Contraception Decision
LAKE JACKSON, Texas–(BUSINESS WIRE)–Congressman and 2012 Republican Presidential candidate Ron Paul issued the following statement regarding the Obama Administration’s announcement that religious organizations must pay for contraception and sterilization under the national health care law: “When one compares my record with that of my opponents, it is clear that I am the only choice for [...]
CAGW Releases Report on Federal Contractor Benefits
WASHINGTON–(BUSINESS WIRE)–Today, Citizens Against Government Waste (CAGW) released a report outlining taxpayer liabilities for government contractors’ post-retirement benefits. The project was initiated after a Government Accountability Office (GAO) report on the topic was released in April, 2011. The GAO analyzed payments by the Department of Energy (DOE) to contractors for the cost of underfunded pensions. [...]
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