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Pepsi to Buy Back $4.3 Billion of its Stock

PepsiCo said on Wednesday it intends to buy back $4.3 billion of its stock in 2008.

PepsiCo also said it expects 2008 cash from operating activities of $7.6 billion, with capital spending at $2.7 billion.

The company said it still expects 2008 earnings of at least $3.72 a share.