China’s imports number fell more than expected, another sign that an economy that grew at 10% or more per year for a decade has moved into a recession of sorts. Exports decreased 0.5%…
The three major US stock indexes opened a bit higher this morning, and after some volatility have managed to get to the final half hour of trading with a modest gain. Some…
PepsiCo, Inc. (NYSE: PEP) had decent earnings but came in with layoffs today. Shares shares have not reacted well with a drop of 3.7% to $64.28, but now there is something else…
Jon C. Ogg Saying that 2012 will be a transition year, Pepsico (NYSE: PEP) chairman and CEO Indra Nooyi revealed today that the company will reduce its global workforce by about 8,700 people (3% of…
PepsiCo, Inc. (NYSE: PEP) is trying to turn a wrong-way ship. Whether this is the right path is going to be up for debate. During a recovery, layoffs are not always viewed as well. …
This week should be the last waves of the normalized quarterly earnings reports for companies with December 31 quarter-end dates. We are also starting to get a few of the first waves…
A 30-second ad spot in this year’s Super Bowl costs an average of $3.5 million. That’s an 84% increase from 10 years ago and the highest amount advertisers have ever had to…
Just because certain products have a low price tag does not mean they cannot sell for billions of dollars. In fact, some of the cheapest products make the most money for their…
The US Food and Drug Administration said today that five samples of Brazilian orange juice and six samples from Canada tested positive for the banned fungicide carbendazim. The agency did not release…
The US Food and Drug Administration (FDA) has found no traces of an illegal-in-the-US fungicide in orange juice imports. Results of 19 tests have so far revealed none of the carbendazim fungicide.…
TPG may invest $1 billion in troubled Olympus. (Reuters) President Obama to ask for a $1.2 trillion increase in the national debt ceiling. (Reuters) China’s foreign currency reserves drop to $3.18 trillion,…
The US Food and Drug Administration has halted all imports of orange juice into the US pending final test results on imported juice from Brazil due later this week. If more than…
Cold weather in Florida and the discovery of an unapproved fungicide in imports from Brazil have sent the price of orange juice up more than 25% in the past few days. The…
Updated throughout the day. Pepsico (NYSE: PEP) may cut 4,000 jobs (NY Post) Eastman Kodak (NYSE: EK) is close to a Chapter 11 filing (WSJ) Japan Air will raise $6.4 billion in…
Eastman Kodak (NYSE: EK), established nearly 140 years ago, soon may declare Chapter 11. It is burdened by debt, loses money and has been unable to license most of its 1,100 patents. It…
