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PepsiCo to cut prices, eliminate products as part of a deal with an activist investor
PepsiCo plans to cut prices and eliminate some of its products under a deal with an activist investor announced Monday.The Purchase, New York-based company, which makes Cheetos, Tostitos and other Frito-Lay products as well as beverages, said it will cut nearly 20% of its product offerings by early next year. PepsiCo said it will use the savings to invest in marketing and improved value for consumers. It didn't disclose which products or how much it would cut prices.
PepsiCo said it also plans to accelerate the introduction of new offerings with simpler and more... Read More
Roberts says World Baseball Classic a 'very delicate' matter for Ohtani, Yamamoto and Sasaki
ORLANDO, Fla. (AP) — Admitting participation by Shohei Ohtani, Yoshinobu Yamamoto and Roki Sasaki in the World Baseball Classic is “very delicate” following a World Series that stretched into November, Los Angeles Dodgers manager Dave Roberts isn't sure whether any limits will be placed on his team's Japanese stars.Ohtani had elbow surgery in September 2023 and returned to the mound in June. The two-way sensation helped the Dodgers become the first repeat World Series champion in a quarter century, starting the Game 7 win over Toronto.
“I would like to think... Read More
Trump is giving farmers $12B in aid. They've been hit hard by his trade war with China
WASHINGTON (AP) — President Donald Trump announced a $12 billion farm aid package Monday — a boost to farmers who have struggled to sell their crops while getting hit by rising costs after the president raised tariffs on China as part of a broader trade war.He unveiled the plan Monday afternoon at a White House roundtable with Agriculture Secretary Brooke Rollins, lawmakers from farm states, and farmers who thanked him for the help.
“With this bridge payment, we’ll be able to farm another year,” Iowa farmer Cordt Holub told Trump during the event.
Protesting Greek farmers swarm onto aircraft parking area of an international airport on Crete
ATHENS, Greece (AP) — Angry farmers protesting delays in the payment of subsidies swarmed onto the aircraft parking area of the international airport on the southern Greek island of Crete on Monday, managing to evade riot police who used tear gas and stun grenades to keep them back.Images from local media showed dozens of farmers standing on a section of the tarmac at the Nikos Kazantzakis international airport in Heraklion, the main town in Crete, forcing the airport to suspend all flights.
Clashes also broke out near the airport of Crete’s second-largest city,... Read More
Top manager leaves Warren Buffett's Berkshire as incoming CEO names team
OMAHA, Neb. (AP) — Incoming Berkshire Hathaway CEO Greg Abel is assembling his team to help him lead the conglomerate Warren Buffett built starting in January after a couple of key departures.Berkshire said Monday that one of its two investment managers besides Buffett who has also served as CEO of Geico for several years, Todd Combs, and longtime Chief Financial Officer Mac Hamburg are both departing. Combs is taking a job helping JP Morgan decide how to invest $10 billion while serving as a special advisor to CEO Jamie Dimon while Hamburg is retiring after 40 years.
Top Stories
- Trump is giving farmers $12B in aid. They've been hit hard by his trade war with China
- Supreme Court seems likely to back Trump's power to fire independent agency board members
- Democratic Rep. Jasmine Crockett is running for the US Senate in Texas. Allred to seek House seat
- What to know about Paramount's hostile bid for Warner Bros. Discovery
- Court settlement approved for New Orleans Archdiocese to pay hundreds of clergy abuse victims
- Trump's former lawyer Alina Habba resigns as top federal prosecutor in New Jersey
- Zelenskyy meets in London with European allies on the US peace plan and Ukrainian security
- Bullets in Luigi Mangioneâs bag convinced police that he was UnitedHealthcare CEO killing suspect
- Paramount goes hostile in bid for Warner Bros., challenging a $72 billion offer by Netflix
- Arizona takes No. 1 in AP Top 25 men's basketball poll, Iowa State up to No. 4, Gonzaga into top 10
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Entertainment
- Golden Globes enter the world of podcasts and tread carefully, avoiding controversy
- California man marks his 15,000th spin on Disneyland's 'Cars' ride
- ABC signs Jimmy Kimmel to a one-year contract extension, months after temporary suspension
- What to know about Paramount's hostile bid for Warner Bros. Discovery
Sports
- Roberts says World Baseball Classic a 'very delicate' matter for Ohtani, Yamamoto and Sasaki
- Economist says NASCAR owes $364.7M to teams in antitrust case
- Hall of Fame chair thinks Bonds, Clemens denied entry by committee for same views held by writers
- AC Milan back on top of Serie A thanks to Christian PuliÅ¡ić double