The Fed is expected to cut rates Wednesday, but it is unlikely to tell markets what they want to hear on future rate cuts.Market Insiderread more
Pelosi said Trump should not have tried to address China's trade practices in a way that opened Americans up to financial pain.Politicsread more
Investors await the Fed's latest decision on monetary policy, set to be released on Wednesday stateside. The U.S. central bank is widely expected to cut rates by 25 basis...Asia Marketsread more
TransferWise posted an annual net profit of £10.3 million on revenues of £179 million.Technologyread more
Live the high life with a night's stay at Highclere Castle, the iconic stately home made famous by Downton Abbey.Spendread more
Large banking institutions face the risk of failure if interest rates in Europe continue to stay negative, warns the global chief economist of the Economist Intelligence Unit.Banksread more
The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
In the survey, conducted after the third in the Democratic Party's series of debate, the former vice president draws 31% compared to 25% for the Massachusetts senator. At 14%,...2020 Electionsread more
Stocks rose slightly on Tuesday, but gains were capped as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
The U.S. Air Force's top general says he hasn't received direction to send additional bombers to the Middle East after what is believed to be Iranian attacks on Saudi Arabian...Defenseread more
(Adds details from release)
July 9 (Reuters) - PepsiCo Inc beat analysts' estimates for quarterly revenue and profit on Tuesday, as the company benefited from demand for its sodas and Lays chips, as well as its sparkling waters.
Revenue in its snacking division, Frito-Lay North America, rose 4.5%, while it increased 2.5% in its beverage unit.
PepsiCo launched berry, lime and mango flavored sodas in 12-ounce cans earlier this year and introduced Bubly sparkling water in fruity flavors as well as healthier chips such as Bare's apple chips and Off the Eaten Path's veggie crisps.
Organic revenue, which excludes the effect of currency fluctuations and acquisitions, increased 4.5%.
Three analysts polled by Refinitv IBES had expected a 4.87% growth in organic revenue.
Net revenue rose 2.2% to $16.45 billion in the second quarter ended June 15 from a year earlier.
Net income attributable to the company rose to $2.04 billion, or $1.44 per share, from $1.82 billion, or $1.28 per share, a year earlier.
Excluding one-time items, the company earned $1.54 per share.
Analysts on average had expected profit of $1.50 per share and revenue of $16.43 billion. (Reporting by Nivedita Balu in Bengaluru; Editing by Sriraj Kalluvila)