Clashes in the capital of Central African Republic have caused many casualties, the International Committee for the Red Cross said on Thursday, marking the most significant violence in Bangui since a United Nations force took over peacekeeping last month.
Cans of PepsiCo. Inc. Pepsi and Diet Pepsi soda are displayed for a photograph in San Francisco, California, U.S.,(Photo: David Paul Morris, Bloomberg)Looks like the Pepsi Generation is alive, well, and slurping and munching away.PepsiCo’s shares jumped more than 1%, up $1.31 to $95.25 in early trading Thursday, after the beverage giant reported its third-quarter profits rose 5%, thanks, mostly, to strong overseas sales despite a challenging economic environment.At the same time, the company boosted its outlook for the year. PepsiCo, maker of Frito-Lay and Gatorade, now projects full-year adjusted earnings rising 9%. That implies 2014 adjusted earnings of about $4.72 per share. The company’s prior guidance was for an 8% increase.”We delivered good third quarter results in the face of an ongoing challenged macroeconomic environment driven by increasing volatility in the emerging markets and continued sluggish consumer demand in developed markets,” said Chairman and CEO Indra Nooyi, in a statement.The world’s largest snack maker posted earnings of $2.01 billion, or $1.32 per share, for the period ended Sept. 6. That compares with $1.91 billion, or $1.23 per share, a year earlier. Overall revenue climbed 2 % to $17.22 billion from $16.91 billion, which was also better than the $17.08 billion that analysts had projected.Some international results were exceptional. Revenue for Asia, the Middle East and Africa climbed 11% for the period while revenue for Latin America increased 6%.”We achieved these results because our brands are strong, our product portfolio is on-trend, our geographic footprint is broad and diverse, and we are executing well in the marketplace,” said Nooyi, in her statement.But Mexico didn’t do so well. A new tax on junk food and sugary drinks reduced its snack sales volume by 3% there, the company said. So, it’s no surprise that PepsiCo and the rest of the beverage industry continue to fight similar tax proposals in San Francisco and BerkeleyEarlier this month, Pepsi announced plans to sell Pepsi True, a mid-calorie soft drink sweetened with stevia, via Amazon.com. Pepsi also banded with Coca-Cola and Dr Pepper last month in pledging to cut calorie consumption in its sugary drinks in the U.S. by 20% by 2025.Read More >
The Hero in Town: the Kia Soul
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We have arrived in New Orleans, Louisiana, also called NOLA or, more affectionately, The Big Easy. A very different experience than all other American cities I crossed so far, especially given the fact I was there on a Friday night… Bourbon Street with all its performers, singers, live music, good vibes, cheap (so cheap!) alcohol and deliciously spicy jambalaya is an experience I had not thought possible in the US and one I don’t think I will see again in this trip. Of course, NOLA has its own very particular vehicle landscape, slightly different from Louisiana – as is often the case for big cities compared to the rest of the State they are located in. The Top 5 ranking and full landscape description/photo report is below.Read More >
Remember when Google wanted to keep its autonomous-car crash interventions under wraps? The tech giant is now keeping some of its testing private, as well, as its cars are driving around with no human aboard.Read More >
Aston Martin saw its pretax loss fall by a third in 2013 to £25.4 million ($41 million) over the same period in 2012.Read More >