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Stock Market & Financial Investment News

News Breaks
November 21, 2012
08:06 EDTPEPPepsiCo wins Indian cricket tournamnet sponsorship rights, WSJ reports
PepsiCo (PEP) won the sponsorship rights for the Indian Premier League Twenty20 cricket tournament for five years, beginning in April 2013 in a deal worth $71.93M, reports the Wall Street Journal. Reference Link
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September 2, 2014
17:15 EDTPEPPepsiCo backs FY14 constant currency EPS growth guidance of 8%
In advance of the Barclays Back-to-School Consumer Conference in Boston, Massachusetts, PepsiCo stated that, consistent with its previous guidance for FY14, PepsiCo expects 8% core constant currency EPS growth in FY14 versus its FY13 core EPS of $4.37. Based on the current foreign exchange market consensus, PepsiCo currently expects that foreign exchange translation will have an unfavorable impact of approximately 4% points on its full-year core EPS growth in 2014. Excluding the impact of structural changes and foreign exchange translation, organic revenue in 2014 is expected to grow mid-single digits versus 2013, consistent with PepsiCo’s long-term target. Based on the current foreign exchange market consensus, PepsiCo currently expects foreign exchange translation to have an unfavorable impact of approximately 3 percentage points on its full-year net revenue growth in 2014.
10:09 EDTPEPStudy finds adverse heart events associated with energy drinks, ScienceWR says
A study presented at the European Society of Cardiology congress concluded that caffeinated energy drinks can be associated with several adverse heart conditions including angina, cardiac arrhythmia and sudden death, reported Science World Report. Monster Beverage (MNST) markets energy drinks and recently struck a deal to acquire additional energy drink brands from Coca-Cola (KO). PepsiCo also markets energy drinks. Reference Link
August 31, 2014
13:44 EDTPEPBarclays to hold a conference
Back-to-School Consumer Conference to be held in Boston on September 3-5.
August 24, 2014
18:19 EDTPEPPepsiCo holders would benefit more from split up, Barron's says
PepsiCo shareholders would benefit more if Pepsi and Frito-Lay were split, Barron's contends in its cover article. Cost cutting at both companies would offset synergies, the paper adds. Reference Link

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