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REUTERS/Shannon Stapleton/File Photo Acquire Licensing RightsCompanies PepsiCo Inc FollowNEW YORK, Nov 15 (Reuters) - New York state sued PepsiCo (PEP.O) on Wednesday, accusing the beverage and snack food giant of polluting the environment through its single-use plastic bottles, caps and wrappers. The lawsuit filed in state court in upstate Erie County is among the first by a U.S. state to target a major plastics producer. The lawsuit seeks to force PepsiCo to stop causing a nuisance, clean up contamination, and provide other relief. California in 2022 announced it was conducting an investigation into the fossil fuel and petrochemical industries' role in plastic pollution. Reporting by Jonathan Stempel in New York; Editing by Chizu Nomiyama and Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.
Persons: Shannon Stapleton, Letitia James, PepsiCo, James, Jack, Doritos, Jonathan Stempel, Chizu Nomiyama, Jonathan Oatis Organizations: Pepsi, REUTERS, PepsiCo, Gatorade, Lay's, Thomson Locations: New York, U.S, Erie County, Buffalo, Purchase , New York, Fritos, Lipton, Tostitos . Connecticut, Minnesota, . California
REUTERS/Shannon Stapleton/File Photo Acquire Licensing RightsCompanies PepsiCo Inc FollowNEW YORK, Nov 15 (Reuters) - New York state sued PepsiCo (PEP.O) on Wednesday, accusing the beverage and snack food giant of polluting the environment and endangering public health through its single-use plastic bottles, caps and wrappers. The lawsuit filed in state court in upstate Erie County is among the first by a U.S. state to target a major plastics producer. "All New Yorkers have a basic right to clean water, yet PepsiCo's irresponsible packaging and marketing endanger Buffalo’s water supply, environment, and public health," she said in a statement. The New York lawsuit also said PepsiCo has deceived consumers by announcing various targets to reduce the amount of non-recycled plastic it uses in packaging, although it has actually increased its usage. The lawsuit seeks to force the Purchase, New York-based company to stop causing a nuisance, clean up contamination and pay for damages caused by plastic waste.
Persons: Shannon Stapleton, Letitia James, PepsiCo, James, Jack, Doritos, Judith Enck, Obama, Clark Mindock, Jonathan Stempel, Chizu Nomiyama, Jonathan Oatis, Alexia Garamfalvi Organizations: Pepsi, REUTERS, PepsiCo, The New, Gatorade, Lay's, Plastics, Environmental Protection Agency, Thomson Locations: New York, U.S, Erie County, Buffalo, The New York, , New York, Fritos, Lipton, Connecticut, Minnesota, . California
Opinion | Trump’s Deportation Plans for Immigrants
  + stars: | 2023-11-14 | by ( ) www.nytimes.com   time to read: +1 min
To the Editor:Re “Trump’s ’25 Immigration Plan: Giant Camps, Mass Deportation” (front page, Nov. 12):After choking on my coffee reading this excellent in-depth piece, I contemplated the America we will live in if these ambitious and aggressive ideas bear fruit. Do the architects of this plan really believe we will have a stronger, safer and more prosperous country by setting up giant immigrant camps and carrying out mass deportations? I am descended from “white” privilege and members of the Daughters of the American Revolution. My family has grown stronger in recent years by the blending of ethnic, cultural and religious origins through marriage and adoption — with Indonesian, Malaysian, Algerian, Romanian, Iranian and Danish heritages combined with Scot Irish and English ones. We have family members who are Jewish, Muslim, Sikh, Buddhist, atheist and agnostic as well as Episcopalian, Quaker and Catholic.
Persons: Scot Irish Organizations: American, Malaysian, Catholic Locations: America, Romanian, Danish
In hotly contested Michigan, Arab Americans account for 5% of the vote. In other battleground states Pennsylvania and Ohio, they are between 1.7% to 2%, said Jim Zogby, president of the Arab American Institute. Arab and Muslim Americans are unlikely to back Trump but could sit out the election and not vote for Biden, some activists said. Some Arab American and Muslim appointees are scared of backlash and reprisals and worried about family members in the region, said one White House official, who is Arab American. Secretary of State Antony Blinken acknowledged the personal difficulties some staff are facing in a Thursday letter, and met Monday with Palestinian and Arab American community leaders and Jewish American groups.
Persons: Bonnie Cash, Joe Biden's, Biden, Biden's, Donald Trump, Jim Zogby, Trump, Laila El, Haddad, Abdullah Hammoud, Linda Sarsour, Sa'ed Atshan, Barack Obama, Jeff Zients, Anita Dunn, Jake Sullivan, Jon, Antony Blinken, Josh Paul, Andrea Shalal, Kanishka Singh, Simon Lewis, Heather Timmons, Grant McCool Organizations: Palestine, REUTERS, Rights, Muslim, Republican, Arab American Institute, Michigan, Trump, United Nations, Arab American Association of New, Islamic Relations, Quaker Palestinian, Pennsylvania's Swarthmore College, White, Gaza, Muslim American, White House, Palestinian, Jewish, Political, Military Affairs, Thomson Locations: Gaza, Washington , U.S, Israel, Michigan, Pennsylvania, Ohio, Maryland, Canada, American, Dearborn , Michigan, U.S, Arab American Association of New York, Quaker Palestinian American, Arab American
[1/2] U.S. President Joe Biden has demonstrated unwavering support for Israel's security over a half century in public life. In other battleground states Pennsylvania and Ohio, they are between 1.7% to 2%, said Jim Zogby, president of the Arab American Institute. Arab and Muslim Americans are unlikely to back Trump but could sit out the election and not vote for Biden, some activists said. U.S. officials with family in the region are doubly stressed by the "ambassadorial" role they play as they field agitated messages from relatives and others angry at Biden's Israel strategy. Secretary of State Antony Blinken acknowledged the personal difficulties some staff are facing in a Thursday letter, and met Monday with Palestinian and Arab American community leaders and Jewish American groups.
Persons: Joe Biden, Biden, Benjamin Netanyahu, Joe Biden's, Biden's, Donald Trump, Jim Zogby, Trump, Laila El, Haddad, Abdullah Hammoud, Linda Sarsour, Sa'ed Atshan, Barack Obama, Jeff Zients, Anita Dunn, Jake Sullivan, Jon, Antony Blinken, Josh Paul, Andrea Shalal, Kanishka Singh, Simon Lewis, Heather Timmons, Grant McCool Organizations: Israeli, Hamas, Muslim, Republican, Arab American Institute, Michigan, Trump, Arab American Association of New, Islamic Relations, Quaker Palestinian, Pennsylvania's Swarthmore College, White, Muslim American, White House, Palestinian, Jewish, Political, Military Affairs, Thomson Locations: Israel, Tel Aviv, WASHINGTON, Gaza, Michigan, Pennsylvania, Ohio, Maryland, Dearborn , Michigan, U.S, Arab American Association of New York, American, Arab American
PepsiCo on Tuesday reported quarterly earnings and revenue that beat analysts' expectations and raised its outlook for its full-year earnings. Shares of the company rose 2% in premarket trading. Pepsi's North American beverages unit reported volume declines of 6%. Quaker Foods North America's volume rose 1%, while Frito-Lay North America's volume was flat. Quaker Foods' brands also gained market share in key categories, like pancake mix and syrup, executives said in prepared remarks.
Organizations: Pepsi, PepsiCo, LSEG, Gatorade, Taco Bell, Quaker, Frito, Quaker Foods Locations: Crockett , California
TORONTO (AP) — Bayard Rustin, the civil rights activist and primary architect of the 1963 March on Washington, who often worked tirelessly out of the limelight, takes center stage in the new Netflix drama “Rustin." “Rustin,” directed by veteran theater and film director George C. Wolfe, is the first narrative feature from Higher Ground, Barack and Michelle Obama's production company. Led by a powerhouse performance by Domingo that's already being called a likely Academy Award nomination for best actor, “Rustin” aims to celebrate a pivotal but undersung civil rights hero. In 1953, Rustin spent 50 days in jail and was registered as a sex offender — a conviction that was posthumously pardoned in 2020 by California Gov. It’s like: ‘I’m directing ‘Angels in the America’ a seven-hour play, get out of my way.’ ‘I’m doing a movie about Bayard Rustin.
Persons: — Bayard Rustin, “ Rustin, Colman Domingo, Rustin, Martin Luther King Jr, , , , George C, Wolfe, Michelle Obama's, Domingo that's, “ Rustin ”, , Gavin Newsom, Tony Kushner’s, Lori Parks ′, Topdog, , ’ ”, “ I'm, ’ ‘, Bayard Rustin, ” Rustin, Obama, Oscar, Ma, Chadwick Boseman, ” “ Rustin ”, Chris Rock, Roy Wilkins, Jeffrey Wright, Adam Clayton Powell Jr, Audra McDonald, Ella Baker, it's, Jake Coyle Organizations: TORONTO, Netflix, Toronto, California Gov, National Center for Civil, Rights, America ’, West, Israel, Jobs, NAACP, Twitter Locations: Washington, America, ’ Da, Atlanta, Pennsylvania, West Indies, North Carolina, Montgomery, , Boseman,
In 1999, after my freshman year in college, I was a counselor at a camp in central Vermont. Camp was where I found my professional calling: Teaching kids to mold clay flowers by hand made me realize I wanted to spend the rest of my life making and teaching art. Somewhere in this outdoor summer utopia — a blend of vaguely Quaker ethos with a communist, hippie, artsy sensibility and a dash of Midwestern kindness — I found my people. Although I was technically hired as a ceramics counselor, I also appointed myself the unofficial photographer of Camp Killooleet. Camp felt magical.
Persons: , Camp Killooleet Locations: Vermont
The act of breaking plates is believed to represent a couple’s first moment of unity and teamwork. “I’m known for mixed-culture weddings,” Ms. Lee-DePasquale said. “Blending those cultures together is best done by understanding customs, traditions and rituals.”For the past 13 years, Ms. Lee-DePasquale has worked with couples to incorporate their cultures into modern celebrations. The more shards, the more luck the couple would experience.”Centuries later, a second step in this ritual emerged. “The couple sweep up the broken shards together to chase away the evil spirits and to represent their first shared task,” Ms. Lee-DePasquale said.
Persons: Harrington, , Meena Lee, , Ms, Lee, DePasquale Locations: Manhattan, American
But major food companies, from Nestlé to Unilever, increased prices much more than that. The world's biggest food companies spent the first half of this year raising prices, according to several earnings reports released this week. Some external factors have impacted the costs that major food companies pay to produce their products. It's especially easy for global food companies to raise prices, given that a few companies own most of the brands in many US grocery stores. But there's some evidence that consumers aren't willing to put up with higher food prices indefinitely.
Persons: PepsiCo's, Ramon Laguarta, We've, James Quincey, Quincey, PepsiCo's Laguarta Organizations: Consumer, Unilever, Service, PepsiCo, Quaker Oats, Gatorade, Federal Reserve, New York Times, Walmart, Costco, Sam's Locations: Nestlé, Wall, Silicon, Ukraine, Clorox, Kingsford, Europe
For two years, Coca-Cola has been raising prices on its drinks to combat higher costs. But the company said Wednesday it's done hiking prices this year in developed markets like the U.S. and Europe. Coke's prices were up 10% in the second quarter compared with the year-ago period. Coke plans to keep raising prices in line with inflation in developing markets like Latin America. Coke shares fell less than 1% in morning trading, despite the company raising its full-year outlook and reporting earnings and revenue that topped Wall Streeet estimates.
Persons: Coke, James Quincey, Quincey Organizations: PepsiCo, Pepsi, Quaker Foods, Quaker Foods North America, Lay Locations: U.S, Europe, Latin America, Quaker Foods North, America
PepsiCo on Thursday reported quarterly earnings and revenue that topped analysts' expectations, despite falling demand for its drinks and food. Shares of the company rose more than 2% in premarket trading. But the company's volume fell as higher prices for its snacks and drinks hurt demand. Quaker Foods North America's volume shrank 5%, and Pepsi's North American beverage unit reported volume fell 4.5% in the quarter. However, Frito-Lay North America was one bright spot, reporting 1% volume growth.
Persons: Ruffles Organizations: Pepsi, PepsiCo, Refinitiv, Quaker, Frito, Lay, Lay Minis Locations: Crockett , California, America
PepsiCo, the drink and snack maker, reported a big jump in quarterly profit on Thursday, despite signs that customers are buying fewer cans of soda and bags of chips as the company continues to raise prices aggressively. The maker of Gatorade, Lay’s and Quaker Oats also raised its forecast for earnings in the rest of the year, pushing its stock higher. The company reported 10 percent growth in revenue, to $22.3 billion, and nearly doubled its profit since the same time last year, to $2.7 billion, in its second quarter, which ended June 17. PepsiCo said it expected revenue to grow 10 percent for the full year, up from its previous forecast of 8 percent. The quarterly results exceeded analysts’ already optimistic expectations, and the gains come as consumers wrestle with higher prices while policymakers weigh their next move in their efforts to tame inflation.
Persons: Quaker Oats, Organizations: PepsiCo, Gatorade, Lay’s, Quaker
The ability to make video calls to other parrots, then, may give birds the chance to access the socialization and species identity they have in the wild, Cunha said. Parrot caregivers learned, for instance, to recognize signs of stress during the video calls and offer encouragement to help reduce any fear associated with the new experience. The researchers released three parrots from the study in its early stages, as these birds didn't seem to like the calls at all. But most of the parrots apparently enjoyed the experience and chose to make plenty of calls to other birds. The study authors acknowledge the need for additional research, as this study is the first exploring video calling for parrots.
PepsiCo Foods: From Seed to Shelf to Sustainability
  + stars: | 2023-04-19 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPepsiCo Foods: From Seed to Shelf to SustainabilitySince taking over PepsiCo Foods, N.A. four years ago, Steven Williams has driven blistering growth at the $21 billion snack empire, which includes six brands each generating $1 billion in annual revenue – Cheetos, Doritos, Quaker, Tostitos, Lay's, and Ruffles. Overseeing nearly 70,000 employees, Williams calls himself a 'seed to shelf' CEO, with a core focus on the agricultural end of the value chain, working with farmers to sustainably move and sell its vast portfolio.
But more chip bags and snack containers being sold also means more waste from plastic and other packaging materials, something PepsiCo is aiming to take on. "Two years ago, if you think about our multipack packages, there was one plastic [packaging] outside, and each multipack serving," he said. McDonald's recently agreed under pressure from activist shareholders to produce a report on reusable packaging in exchange for having a shareholder vote on the issue rescinded. As far back as 2019, both Coke and Pepsi had already cut ties with a plastics industry association, and issued previous goals related to recyclable, compostable and reusable packaging. Taking what it learned from creating the Off The Eaten Path's packaging, Frito-Lay has introduced other packaging made from 85% renewable plant materials that produce roughly 60% lower greenhouse gas emissions than traditional snack bags.
The New York Times reported last week that companies across the US are exploiting the labor of migrant children. The investigation comes as multiple states seek to loosen child labor laws to address the labor shortage. The Times reported that the use of child labor is prevalent across a number of prominent brands in the US, highlighting J. The Labor Department has found some of these companies, such as ice cream staple Ben & Jerrys, guilty of child labor violations before. Economists say that during a labor shortage, paring back child labor laws is a common phenomenon in the US.
New York CNN —Thomas H. Lee, a private equity financier who pioneered the use of leveraged buyouts that helped to reshape corporate America, has passed away, according to a notice from his former firm that still bears his name. “We are profoundly saddened by the unexpected passing of our good friend and former partner, Thomas H. Lee,” said THL in a statement. “Tom was an iconic figure in private equity. One of Thomas Lee’s most famous, and lucrative, leveraged buyouts was his purchase of Snapple for $135 million in 1992. Lee left THL in 2006 and started another private equity firm, Lee Equity Partners.
PepsiCo's price increases drive quarterly results beat
  + stars: | 2023-02-09 | by ( ) www.reuters.com   time to read: +2 min
PepsiCo expects inflationary pressures to persist in 2023 and even though it sees resilient consumer demand, the company said it was keeping an eye out for a shift in consumer spending. The Frito-Lay maker forecast annual profit below Wall Street estimates, signaling multiple price hikes were likely to dampen demand for its sodas and snacks amid a cost-of-living crisis. PepsiCo's shares rose 1.6% to $174 in premarket trading after it also raised its annualized dividend by 10% to $5.06 per share. PepsiCo's Quaker Foods North America unit saw operating profit fall about 3% to $188 million as higher production costs took a bite out of margins. PepsiCo said it expects fiscal 2023 core constant currency earnings of $7.20 per share, compared with estimates of $7.28.
Feb 9 (Reuters) - PepsiCo Inc (PEP.O) on Thursday beat analysts' estimates for fourth-quarter revenue and profit, helped by price hikes undertaken by the beverage company to tackle rising costs. The company's shares rose 1.3% in premarket trading after it also raised its annualized dividend by 10% to $5.06 per share. However, the Frito-Lay maker forecast annual profit below Wall Street estimates, signaling multiple price hikes were likely to dampen demand for its sodas and snacks amid a cost-of-living crisis. On an adjusted basis, the company earned $1.67 per share, beating estimates of $1.65, according to Refinitiv data. PepsiCo said it expects fiscal 2023 core constant currency earnings of $7.20 per share, compared with estimates of $7.28.
PepsiCo on Thursday reported quarterly earnings and revenue that beat analysts' expectations, fueled by higher prices for its snacks and drinks. But the company saw volume fall 2% across its food business worldwide as those price hikes hurt consumer demand. Frito-Lay North America reported flat volume for the quarter, despite double-digit revenue growth for Doritos, Cheetos, Smartfood and many of its other brands. Looking to 2023, Pepsi is projecting a 6% increase in organic revenue and 8% growth in its core constant currency earnings per share. Wall Street is anticipating net sales growth of 3.5% and earnings per share growth of 7.3%.
In addition to 87 more Bed Bath & Beyond stores, the company now says it will close all of its remaining Harmon health and beauty stores, and five Buybuy Baby stores. San Leandro: 15555 East 14th St., Suite 24015555 East 14th St., Suite 240 Burbank: 201 East Magnolia Blvd. Marina: 117 General Stilwell Drive117 General Stilwell Drive Vallejo: 105 Plaza Drive, Suite 107105 Plaza Drive, Suite 107 * Palm Desert: 72459 Highway 11172459 Highway 111 * Visalia: 3125 South Mooney Blvd. Arterial * Coralville: 2515 Corridor Way Suite 5Kansas:Lawrence: 3106 S. Iowa St., Suite 2153106 S. Iowa St., Suite 215 Manhattan: 425 3rd Place425 3rd Place * Olathe: 15335 W. 119th St.Kentucky:Elizabethtown: 1998 N. Dixie Ave.1998 N. Dixie Ave. New Hartford: 4805 Commercial Drive4805 Commercial Drive Kingston: 1187 Ulster Ave.1187 Ulster Ave. Plattsburgh: 73 Centre Drive, Suite 10073 Centre Drive, Suite 100 Farmingdale: 251 Airport Plaza Blvd.
PepsiCo is eliminating hundreds of corporate jobs in North America, according to the Wall Street Journal. The company's beverage unit is expected to be hit harder by the cuts because the snacks unit already shrank its workforce through a voluntary retirement program, according to the Journal. Pepsi employed 309,000 people worldwide as of Dec. 25, with more than 40% of those jobs located in the U.S., according to a company regulatory filing. Several food and beverage companies have also cut jobs, including Beyond Meat , Impossible Foods and PepsiCo's main rival Coca-Cola . In November, Coke said it would restructure its North American business through a voluntary separation program that included buyouts.
PepsiCo hiked its forecast for the year Wednesday morning after reporting third-quarter earnings and revenue that beat analyst expectations. Revenue: $21.97 billion vs. $20.84 billion expected. For its Frito-Lay North America division, the company said revenue rose 20% in the quarter despite a dip in volume. PepsiCo Beverages North America's revenue increased 4% on slightly higher volume. Total revenue rose to $21.97 billion, up 9% from $20.19 billion a year ago.
At the time, Watters was best known for pulling off elaborately planned ambush interviews on "The O'Reilly Factor," then Fox News' top-rated show. When Grim picked his phone up and trained it again on Watters, the smile was gone from Watters' face. Watters on the set of his show "Jesse Watters Primetime." In early 2022, "Jesse Watters Primetime" debuted, airing right before "Hannity." Watters, whose entire career has been at Fox News, might be a safer bet, according to Muto, the former O'Reilly producer.
Persons: Jesse Watters, MSNBC's swank, Watters, O'Reilly, Ryan Grim, Amanda Terkel, Terkel, he'd, Grim, Drudge, Roger Ailes, Tucker Carlson's, Erik Wemple, Tucker Carlson, Carlson's, Carlson, who's, Donald Trump's, Don Jr, Eric, Julio Cortez, David Hockney, Rush Limbaugh, Ann Coulter, Limbaugh, Mueller, Jon Stewart, Tucker, it's, Wemple, Andrew Lawrence, Lawrence, " Watters, Joe Muto, Jesse, Muto, Clowning, irked O'Reilly, stoke —, Obama, Lefties, Al Qaeda's, Breitbart, Gretchen Carlson, Megyn Kelly, Bill O'Reilly, Spencer Platt, O'Reilly's, cohosts, Kimberly Guilfoyle, Greg Gutfeld, Juan Williams, Ivanka Trump, Emma DiGiovine, DiGiovine, John Lamparski, Hannity, Sean Hannity, Biden, doesn't, You've, we'll, Newt Gingrich, Watters nodded, Neil Cavuto, Chris Wallace, Mike Pence, Tom Brenner, Wallace, gunning, There's, Bill, Jack Newsham, Katherine Long Organizations: Fox News, DC, Huffington Post, Washington Post, Fox, MSNBC, The Washington Post, Better Homes, Gardens, America, East Coast, Quaker, Trinity, Trump National Golf Club, Republican, CNN, Media, Gawker, Ivy League, Fox Nation, stoke, CIA, Corp's, The New York Times, Democrat, Dominion Voting Systems, Daily, Trump, Reuters, OG Locations: O'Reilly's crosshairs, Washington ,, Virginia, Watters, Terkel's, East, St, Middletown , Rhode Island, Philadelphia, Long, Hartford , Connecticut, Bedminster , NJ, San Diego, An Alabama, Chinatown, Telluride, New York's Chinatown, York, New York, Los Angeles
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