NEW YORK (AP) - THE NUMBERS: PepsiCo Inc.'s net income fell 5 percent in the third quarter, as the company spent more on marketing and was hit by higher costs for ingredients and unfavorable currency exchange rates.
THE BACKGROUND: As part of a turnaround push, PepsiCo is investing more heavily
NEW YORK (AP) - The nation's crude oil and gasoline supplies increased last week, the government said Wednesday.
Crude inventories grew by 2.9 million barrels, or 0.8 percent, to 369.2 million barrels, which is 10.9 percent above year-ago levels, the Energy Department's Energy Information
By MENELAOS HADJICOSTISAssociated Press
NICOSIA, Cyprus (AP) - Cyprus' finance minister says he expects the final round of talks with potential creditors on a bailout agreement to start next week. Separately on Wednesday, international ratings agency Standard & Poor's sank Cyprus
By SAMANTHA BOMKAMPAP Airlines Writer
NEW YORK (AP) - Wanted: A few good recruits to serve coffee and help combat terrorism at 30,000 feet.
American Airlines said Wednesday that it will post job openings for 1,500 flight attendants next month. It will start hiring in December and put the new staff
By MATTHEW CRAFTAP Business Writer
NEW YORK (AP) - A surprisingly strong housing report helped push the stock market mostly higher Wednesday, while weak earnings reports from Intel and IBM weighed on the Dow Jones industrial average.
Even though the two tech giants disappointed, overall
By MICHELLE CHAPMANAP Business Writer
NEW YORK (AP) - Nike has severed ties with famed cyclist Lance Armstrong, citing insurmountable evidence that he participated in doping and misled the company about those activities for more than a decade.
The clothing and footwear company said Wednesday
NEW YORK (AP) - Stocks are opening flat on Wall Street as investors look over key corporate earnings reports.
Just after the opening bell, the Dow Jones industrial average is down 43 points at 13,508. The Standard & Poor's 500 index is up a fraction of a point at 1,455. And the Nasdaq
By GEIR MOULSONAssociated Press
BERLIN (AP) - Europe's debt crisis and waning economic growth around the world, particularly in emerging markets, prompted the German government to cut its forecast for growth next year.
Though the country's Economy Ministry cut its growth forecast for
By The Associated Press
FOOD FOR THOUGHT: Members of Occupy Des Moines plan civil disobedience efforts to obstruct participants at World Food Prize headquarters.
ON THE MENU: An organizer expects about 30 people to turn out. They oppose what they see as corporate agriculture motivated more by
By The Associated Press
BILLIONS BID: Portugal managed to raise €1.85 billion ($2.4 billion) in a debt auction Wednesday despite the country's bleak economic prospects and growing political tension over austerity policies.
ROCKY ROAD: The coalition government forecasts a third straight year