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Summary Box: PepsiCo 4th-quarter results up
: Pepsico Inc. said Thursday it will cut 8,700 jobs, about 3 percent of its 800,000 global work force, in a restructuring. The company also reported fourth-quarter earnings rose 4 percent. Adjusted results beat expectations.THE CONTEXT: Pepsico and other soda makers are facing higher commodity costs and changing consumer tastes. Pepsi's soda division has been losing ground to Coca-Cola, but its snack

Pepsico to cut 8,700 jobs; 4Q net rises

PepsiCo is trying to put some fizz back into its business. The food and drinks maker announced a restructuring on Thursday that includes cutting 8,700 jobs globally and plowing money into

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Stocks close higher after debt deal in Greece

The stock market finally got a deal in Greece, but it didn't produce much of a rally.

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Diamond Foods names new CEO on audit results

Diamond Foods Inc. is replacing its CEO and chief financial officer after an internal investigation found that the company improperly accounted for payments to walnut growers and it needs to

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US stocks edge higher amid Greek hope
US stocks edged higher Thursday amid Greek's long-awaited austerity deal and better-than-expected jobless claims.

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Tamilnad Mercantile Bank MD resigns

A couple of days after Dhanlaxmi Bank's chief executive resigned, the top post in Tamilnad Mercantile Bank has also become vacant. A K Jagannathan, managing director and chief executive of the

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