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Stock Market & Financial Investment News

News Breaks
July 24, 2014
16:40 EDTPEPJames Schiro retires from the board of PepsiCo due to health reasons
James Schiro tendered his resignation from the board of PepsiCo, effective immediately. Schiro resigned from the board for personal health reasons.
News For PEP From The Last 14 Days
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January 28, 2015
06:37 EDTPEPActivist investor to pressure for new Pepsi CEO in summer, NY Post says
Nelson Peltz plans to pressure PepsiCo CEO Indra Nooyi this summer to develop a plan of succession, reports the New York Post. Peltz, who owns 1.2% of PepsiCo through his Trian Partners, recently had his adviser William Johnson appointed to the company's board. Johnson begins serving on the board in March and will push for quick leadership change, potentially allowing Peltz to name a CEO more willing to spin off Pepsi's Frito-Lay into a separate company. Reference Link
January 27, 2015
07:29 EDTPEPPepsi launches naturally-sweetened Pepsi True in three states, WSJ says
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January 25, 2015
20:45 EDTPEPPepsiCo new director nominee could ease tensions with Trian, Barron's says
PepsiCo's newest independent director nominee, former Heinz CEO William Johnson, could ease tensions between the company and activist Trian Fund Management as both Pepsi CEO Indra Nooyi and Nelson Peltz approve of the nomination, Barron's contends in a follow up article. Johnson's nomination "eases near-term pressure to split," the paper adds, citing UBS analyst Stephen Powers. Reference Link
January 23, 2015
06:09 EDTPEPSenomyx, PepsiCo executes collaborative research agreeement
Senomyx (SNMX) and PepsiCo (PEP) executed an amendment to the collaborative research agreement dated April 8, 2014 related to Senomyx’s Salt-Taste Program. Under the terms of the original agreement, PepsiCo agreed to provide certain research funding for our Salt Taste Program with a focus on the identification of flavors with modifying properties intended to restore the desired salty taste in products with reduced salt through December 2014. The amendment extends the research funding and the collaborative research period for an additional year through December 31, 2015.

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