PepsiCo Inc. reports on its 3rd qtr Thursday; analysts expect soft drink sales to keep fallingMILWAUKEE — Soft drink and snack maker PepsiCo Inc. reports earnings for its fiscal third quarter on Thursday. The following is a summary of key developments and analyst opinion related to the period. Medicines sets 3rd-quarter revenue outlook below Wall Street analyst forecastsPARSIPPANY, N.J. — Drugmaker Medicines Co. said Tuesday it expects third-quarter revenue below Wall Street forecasts. California Gov. Schwarzenegger says he endorses goals of administration health overhaulWASHINGTON — California Gov. Arnold Schwarzenegger praised President Barack Obama’s drive to overhaul the nation’s health care system on Tuesday and urged fellow Republicans to join in efforts to finish the job this year. Oil pushes higher as weak dollar, stronger stock market outweigh supply concernsOil prices climbed Tuesday as the combination of a weaker dollar and stronger stock market outweighed concerns about weak demand and vast supplies of crude. Agriculture futures soar on Chicago BOT; Pork prices higher, beef futures fallCHICAGO — Agriculture futures were mostly higher early Tuesday on the Chicago Board of Trade. Dollar tumbles after Australia raises rate, signaling more hikes to come; UK report spooksNEW YORK — The dollar tumbled Tuesday, hitting a 14-month low against the Australian currency and circling year lows against the euro, after an interest rate increase from the Australian central bank signaled other countries might increase their rates. Stocks jump as investors continue rally into second day; weak dollar fans commoditiesNEW YORK — Investors rushed into stocks for a second day amid signs that the global economy is recovering and as a weak dollar pushed up prices of commodities. Administration officials say Iran will be punished if it doesn’t cooperateWASHINGTON — Administration officials told impatient lawmakers Tuesday that they are ready to take swift and substantial action against Iran if it disregards current diplomatic efforts to stop its alleged nuclear weapons program. Zimbabwe’s President Robert Mugabe calls for fresh start in relations with WestHARARE, Zimbabwe — President Robert Mugabe called Tuesday for a new start to relations with those Western countries he has spent years insulting for their criticism of his leadership. GOP backing off scolding Democrat over ‘die quickly’ remark, says matter best left to votersWASHINGTON — House Republicans are backing off an effort to reprimand a Florida congressman for saying the GOP’s health care plans amount to wanting sick people to “die quickly.” Report that oil producers may move away from dollar sends US currency close to year lowsLONDON — The dollar fell Tuesday towards year lows against the euro and the yen after a report that Arab states and other countries were contemplating an end to the U.S. currency’s role in the pricing oil. Oil rises above $71 in afternoon European trading as investors eye stock markets, US dollarVIENNA — Oil prices rose above $71 a barrel Tuesday, helped by a jump in global stock markets and a weaker dollar, which increases the appeal of commodities to investors. Stocks jump in morning trading as investors continue rally into second dayNEW YORK — Stocks rose in morning trading Tuesday as investors built further momentum amid fresh signs the global economy is recovering. Britain’s Conservatives plan unpopular policies to cut country’s mounting debtMANCHESTER, England — Britain’s main opposition Conservatives pledged Tuesday to make Britons work longer before retirement, cut child benefits and freeze government salaries — a program they acknowledged would likely be unpopular as they bid to win office. Boeing sees $1 Billion 3Q charge related to 747-8 freighter program, market conditionsCHICAGO — Boeing said Tuesday it expects to record a charge of $1 billion in the third quarter due to higher costs in its 747-8 program and difficult market conditions. French president secures transit of military hardware through Kazakhstan on way to AfghanistanASTANA, Kazakhstan — French President Nicolas Sarkozy scored a diplomatic coup Tuesday during a visit to energy-rich Kazakhstan, overseeing an agreement to allow military hardware for French forces fighting in Afghanistan to pass through Kazakh territory and clinching a raft of lucrative energy deals. House panel puts financial overhaul focus on investor protection, supervising investment fundsWASHINGTON — House lawmakers crafting legislation to overhaul the system of financial regulation are focusing on the key elements of investor protection and bringing investment funds under government supervision as they hear the views of regulators, industry officials and investor advocates. UK manufacturing down on the month in August, but car registrations, house prices riseLONDON — Manufacturing output in the United Kingdom fell during August, official statistics showed Tuesday, overshadowing more upbeat data on house prices and car sales and suggesting economic recovery will be slow. Australian central bank lifts interest rate by quarter point, optimistic on economySYDNEY — Australia’s central bank unexpectedly raised interest rates by a quarter point Tuesday, becoming the first major economy to increase the cost of borrowing amid signs its recovery from the global slump is gaining momentum. World markets buoyed by recovery hopes as Australia’s bank raises interest rates
Greek Socialist leader Papandreou sworn in as prime minister after landslide election winATHENS, Greece — Greece’s new Socialist Prime Minister George Papandreou has named his government, in which he will also be responsible for foreign affairs. Police break up hundreds of people protesting against the IMF in IstanbulISTANBUL — Turkish police used water cannons, tear gas and pepper spray on Tuesday to disperse hundreds of demonstrators protesting against the annual meetings of the International Monetary Fund and World Bank held in Istanbul. World markets higher as US services sector improves, Australia hikes interest ratesBANGKOK — World stock markets rose Tuesday after the U.S. service sector, a mainstay of the world’s No. 1 economy, showed growth for the first time in a year and Australia raised interest rates as its recovery strengthens. Oil rises above $70 in Asia investors eye global stocks, US dollarSINGAPORE — Oil prices above $71 a barrel Tuesday in Asia as a jump in global stock markets boosted investor confidence. Agriculture secretary: Struggling US dairy industry must be restructured to stabilize pricesBATH, S.D. — The struggling U.S. dairy industry must be restructured to avoid cycles of boom and bust, Agriculture Secretary Tom Vilsack said Monday, less than a week after Congress announced a $350 million dairy bailout. Honduran interim goverment restores civil liberties ahead of new talks to end standoff
Asian markets mostly higher as US services sector improves, Australia hikes interest ratesBANGKOK — Asian stock markets mostly rose Tuesday after the U.S. services industry, a mainstay of the world’s No. 1 economy, showed its first growth in a year and Australia’s central bank raised interest rates. Oil above $70 in Asia investors eye global stocks, US dollarSINGAPORE — Oil prices floated above $70 a barrel Tuesday in Asia as a jump in global stock markets boosted investor confidence. Retail group downcast about holidays, and Sept.. may have brought sector its 13th monthly dropNEW YORK — After parents cut back on clothes and accessories for children this past fall, the retail industry suspects they won’t be any more generous by the holidays. Bankrupt Chicago Sun-Times left with just 1 suitor when no more bids come in before deadlineCHICAGO — No one else stepped forward with a bid for the bankrupt Chicago Sun-Times before a Monday evening deadline, leaving just one offer for the storied newspaper that’s rapidly running out of the cash it needs to stay in business. |
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