Thursday, 8 Oct 2009 | Source: The Associated Press
Soft drinks and snack maker PepsiCo Inc. said its fiscal third-quarter profit rose 9 percent, in part on cost-control efforts, even as revenue dropped on weak beverage sales.
PepsiCoChief Executive Indra Nooyi said Thursday she is not concerned about the potential for Moody's to downgrade the company's credit rating if it succeeds in acquiring its two largest bottlers Pepsi Botting Group and PepsiAmericas.
Unemployment hit 8.9 percent in April and some predict that number could climb to over 10 percent in 2009 as major companies streamline operations to combat the recession. But how far can this streamlining really go? For many companies, revenues hinge on worker productivity, and for most operations, per-worker profits and revenues are many multiples of average employee salaries. The measure of revenue per employee also helps shed light on a firm's money-making efficiency and likelihood it will retain jobs. The best companies require the least number of workers to make the most money.
Following on the heels of its S-4 filing last week, PepsiCo announced Monday it plans to name Eric Foss to head up the company's bottling business once it completes its acquisition of Pepsi Bottling Group and PepsiAmericas... Read More
Uneven economic news is spooking stocks this October, but third quarter earnings could be one factor that helps keep the market's 7-month rally intact... Read More