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PepsiCo quarterly profit beats expectations on stronger snack sales, cost cuts, price hikes

NEW YORK, N.Y. - PepsiCo reported a stronger-than-expected quarterly profit as the company sold more snacks around the world and hiked prices, including on its drinks. The company, which also makes Frito-Lay, Gatorade, Mountain Dew and Tropicana, said global snack volume rose 2 per cent in the period. Global beverage volume was unchanged from a year ago, including in its closely watched North American drinks unit.

Business Highlights

___ Yellen signals more aggressive stance toward banks WASHINGTON (AP) — The Federal Reserve may be about to turn more aggressive in its regulation of the financial system. Fed Chair Janet Yellen suggested Tuesday that current regulatory rules might not be enough to prevent the kind of risk-taking that triggered the 2008 financial crisis and nearly toppled the entire banking system.

Charles Schwab, MasterCard, PetSmart, Halozyme and Coca-Cola are big market movers

NEW YORK, N.Y. - Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE The Coca-Cola Co., up $1.45 to $40.18 The first global sales volume decline for soda in at least a decade was offset by sales of noncarbonated drinks such as juice. MasterCard Inc., up 97 cents to $72.15 Janney Capital upgraded major credit card companies citing a significant pullback in stock prices and solid business plans. Johnson

Coca-Cola sells more drinks but soda dips; first global soda decline since 1999

NEW YORK, N.Y. - Coca-Cola, the world's biggest beverage maker, said Tuesday that the amount of soda it sold globally fell for first time in 15 years. The drop in the first quarter was offset by stronger sales of its noncarbonated drinks that include Minute Maid, Powerade and Dasani bottled water. Overall volume rose 2 per cent, an improvement from the 1 per cent increase the previous quarter. But the 1 per cent decline in global soda volume is notable for Coca-Cola: The last time the figure fell was in 1999, according to the company.

Coca-Cola sales beat estimates as China volumes soar

By Siddharth Cavale (Reuters) - Coca-Cola Co reported better-than-expected quarterly revenue as strong sales in China more than offset a drop in Europe and flat volumes in North America. Coke's shares, which had fallen 3.4 percent in the 12 months to Monday's close, were up 3 percent in early trading. Global case volumes rose 2 percent in the quarter, while those in China rose 12 percent due to increased marketing around the Chinese New Year, the company said on Tuesday.

Launching global WCup campaign, Coca-Cola discloses plan to soften tone if unrest hits Brazil

LONDON - Coca-Cola has disclosed contingency plans to adapt its World Cup sponsorship and soften its celebratory tone in Brazil if unrest returns to the streets. Launching their biggest World Cup marketing campaign, which aims to promote inclusivity, Coke executive vice-president Joe Tripodi told The Associated Press the soft drinks giant would react rapidly to any outbreak of protests in an attempt to reflect the mood of the nation.

Soda sales in US continued to slide in 2013; diet sodas falling at faster pace

NEW YORK, N.Y. - Americans cut back on soda at an accelerated pace last year, extending a slow retreat from the category that began nearly a decade ago. U.S. sales volume of carbonated soft drinks fell 3 per cent in 2013, according to a report released Monday by Beverage Digest, an industry tracker. That represents a steeper drop than the 1.2 per cent decline in 2012 and brings total soda volume to the lowest level since 1995.

U.S. soda sales decline worsened in 2013: Beverage Digest

NEW YORK (Reuters) - The decline in U.S. sales of carbonated soft drinks accelerated in 2013, according to a leading beverage industry newsletter. Total sales volume fell 3 percent in 2013 to 8.9 billion cases, the ninth straight year of decline, according to Beverage Digest. That compares with declines of 1.2 percent in 2012 and 1 percent in 2011.

Shareholder urges 'no' vote on Coca-Cola's management pay plan

NEW YORK, N.Y. - An investment fund is taking issue with Coca-Cola's pay proposal for management, saying it represents a "raw deal" for shareholders in light of the beverage maker's slowing growth. In a letter to Coca-Cola board members, Wintergreen Advisers CEO David Winters noted that Coca-Cola's equity plan would transfer roughly $13 billion to management over the next four years. His calculation was based on the current stock price and the company's proposal to issue a split-adjusted 340 million shares to its employees.

Coca-Cola hoping to score big at World Cup

The world's football stars will not be the only ones competing for glory at this year's World Cup in Rio de Janeiro. Coca-Cola will also be running hard. The US soft-drink giant, facing lower sales in North America, is an official sponsor of the 20th World Cup, considered along with the Olympics as one of the world's top sporting events.
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