PepsiCo to Cut 8,700 Jobs as Net Income Rises | Pepsico buss4 |

"PepsiCo Inc. announced today plans to cut 8,700 jobs and boost market spending for its brand by as much as $600 million. ... In a separate report, PepsiCo announced fourth-quarter net income rose to $1.42 billion, or 89 cents a share, from $1.37 billion a year earlier. Excluding some items, profit was $1.15 a share." - Wall St. Cheat Sheet

Via Kerry Helmer