To look at some of the recent economic data, one would think the consumer is in great shape. But corporate America has another opinion.» Read More
July 23- PepsiCo Inc's higher-than-expected quarterly profit could give the company more ammunition against an activist investor who wants it to separate its snack and beverage businesses. The sales increases were partly a result of price hikes that PepsiCo implemented as it launched new products which usually command higher prices.
AJE Group, the company that owns Big Cola, is battling Coke and Pepsi in Asian and Latin American markets. Financial Times reports.
*Microsoft sees end to Nokia losses, shares rise. NEW YORK, July 23- The S&P 500 hit a record high on Wednesday, lifted by bullish earnings from companies like Apple and Microsoft, though technical resistance and conflicts in Ukraine and the Gaza Strip kept gains in check.
PepsiCo beat on the top and bottom line, but CNBC's Sara Eisen explains why there are bigger problems lurking underneath the surface.
Shaking off geopolitical flare-ups for now, analysts say the S&P 500 is taking aim at the 2,000 level, and the next round of earnings news could help.
*Microsoft sees end to Nokia losses, shares rise. NEW YORK, July 23- U.S. stocks were set to rise slightly at the open on Wednesday, boosted by bullish earnings from companies like Boeing, Pepsi and Microsoft, though conflicts in Ukraine and the Gaza Strip weighed on investor confidence.
July 23- PepsiCo Inc reported a higher-than-expected quarterly profit and raised its full-year adjusted earnings forecast, helped by strong sales of snacks such as Lays and Doritos chips in North America. PepsiCo raised its full-year earnings per share growth forecast to 8 percent from 7 percent.
Some of the names on the move ahead of the open.
PepsiCo reported quarterly earnings that beat analysts' expectations on Wednesday.
July 23- PepsiCo Inc reported a 2 percent fall in second-quarter profit as carbonated soft drink volumes declined 2 percent in North America. The company's net income fell to $1.98 billion, or $1.29 per share, in the 12 weeks ended June 14 from $2.01 billion, or $1.28 per share, a year earlier. Excluding items, PepsiCo earned $1.32 per share.
July 22- Coca-Cola Co is still grappling with a problem even as sales of traditional Coke rise in North America: U.S. consumers are drinking less diet soda. But Coke reported lower-than-expected quarterly revenue as sales volume in North America, its biggest market, was flat partly because of a decline in diet Coke sales.
July 22- Omnicom Group Inc, the largest U.S. advertising company, reported a 6.4 percent rise in quarterly revenue, led by increased spending on advertising by clients in North America.
Many investors, including Jim Cramer, found the relative strength in stocks somewhat curious, given the widespread geopolitical unrest.
NEW YORK, July 21- Coca-Cola Co may have annual profits of about $9.3 billion, but that princely sum could fall short of what the world's largest soda maker needs to tempt would-be franchisees into taking over more of its regional bottling operations.
Even as traders monitor the world's hot spots, corporate earnings news could be a positive for stocks in the week ahead.
Talking Squawk, the official "Squawk Box" blog, provides tidbits, insights, and some sarcastic reflections on the WEEK THAT WAS and the WEEK TO COME.
A testy moment at the Delivery Alpha conference when Nelson Peltz, the founding partner and chief executive officer of Trian Fund Management and a major holder of Pepsi, took issue with CNBC's interviews with legendary investor Warren Buffett, a long-time investor of rival Coca Cola.
Nelson Peltz hinted at a potential for a proxy contest at Pepsi, one of his hedge fund's holdings.
Nelson Peltz of Trian Fund Management hinted at the potential for a proxy contest at Pepsi during an interview at the Delivering Alpha conference presented by CNBC and Institutional Investor Wednesday.
NEW YORK, July 16- Even fund managers' best ideas are not working out this year.