VN Boards Archive

[VN Boards Archive]

Welcome to the Vault Network forum archive.

This is not a complete archive, time didn't allot us the opportunity to properly backup the majority of the boards deemed "expendable". Most boards on this list have at least 20-40 pages archived (non-logged in pages, 15 topics per page).

Popular boards may have as many as 250 pages archived at 50 topics per page, while others deemed of historical signifigance may be archived in their entirety.

We may not agree with how the board shutdown was managed, but we've done what we could to preserve some of its history in lieu of that.

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~ Managers, Moderators, VIP's, and regular posters.

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Topic: TRIO: Pepsico to cut 8,700 jobs; 4Q net rises

Fozzie_Bear Posts: 48,479 Registered: Dec 20, '01 Extended Info (if available) Real Post Cnt: 47,515 User ID: 558,887	Subject: TRIO: Pepsico to cut 8,700 jobs; 4Q net rises
	http://finance.yahoo.com/news/pepsico-cut-8-700-jobs-121915409.html NEW YORK (AP) -- PepsiCo is trying to put some fizz back into its business. The food and drinks maker announced a restructuring on Thursday that includes cutting 8,700 jobs globally and plowing money into advertising drinks like Pepsi and Mountain Dew in North America. Pepsi announced its cost-cutting plan Thursday as it reported better-than-expected fourth-quarter profit, but also forecast a decline in adjusted 2012 earnings. On the mixed news, the company's shares fell nearly 4 percent. In a media briefing, CEO Indra Nooyi said 2012 will be a "transitional year" as economic uncertainty persists. "When the only certainty is uncertainty the whole guidance thing becomes a challenge," she said. "Anything you do in short term just to meet short term guidance would be detrimental to the company in the long term." Like many companies of all stripes, Pepsi is facing higher costs for materials it uses to make, package and transport its products, including sugar, corn and aluminum. Pepsi and many other food and beverage makers raised prices last year to offset the higher costs. But consumers are still cautious about spending in the uncertain economy, so some companies are moving on to Plan B: cost cutting. Pepsi rival Coca-Cola Co. announced its own cost-cutting program on Tuesday, although Coke did not say it was reducing its workforce. For its part, Pepsi said "tough decisions" needed to be made because it expects 2012 will be the second year in a row that it will encounter higher-than-average costs for commodities. Pepsi was expected to take some cost-cutting measures, but analysts also had speculated that the company might split up its snack and food business. Pepsi said Thursday that it has no plans to do that. Nooyi said although the company is cutting about 3 percent of its 300,000 worldwide work force, the reduction is spread out over 30 countries. She declined to say how many job cuts would be made in the U.S., but said it was less than 3 percent of the total U.S. work force. At the same time it's making cuts, PepsiCo also is planning to invest in its business. PepsiCo plans to increase advertising and marketing behind its brands by $500 million to $600 million in 2012, with a particular focus on North America. It also plans to invest $100 million on in store racks, displays and coolers. Additionally, it plans to increase dividends and share buybacks in 2012 to return cash to shareholders. PepsiCo, which also makes Quaker Oats and Tropicana juice, said it expects the restructuring will save the company $1.5 billion by 2014. That's on top of $1.5 billion in cost cutting it previously announced. One analyst questioned whether Pepsi should spend more of its advertising dollars in other countries, including emerging markets like India. While Pepsi's snack business is stronger than Coke's, he reasons, PepsiCo has been losing ground to Coke on the soda side as Cokes has ramped up its overseas business. "We are curious as to why Pepsi has not made the choice to balance its investment spending more evenly around the world," wrote Citi Investment Research analyst Wendy Nicholson in a note to investors. She kept her "Neutral" rating on the stock. For the fourth quarter ended Dec. 31, the Purchase, N.Y.-based company said Thursday that its net income rose 4 percent to $1.42 billion, or 89 cents per share. That's up from $1.37 billion, or 85 cents per share, last year. Excluding restructuring and other costs, net income was $1.15 per share. Analysts expected $1.13 per share, according to FactSet. Revenue rose 11 percent to $20.16 billion. Analysts expected $19.89 billion. Higher prices and cost cutting helped offset higher commodity costs. Volume rose 7 percent. The company took a $383 million charge in the fourth quarter related to the restructuring plan and said it will take $425 million in charges in 2012. It will take $100 million in charges between 2013 and 2015. For the year, net income rose 2 percent to $6.46 billion, or $4.03 per share. That compares with $6.33 billion, or $3.91 per share. Revenue for the year rose 15 percent to $66.5 billion from $57.84 billion. PepsiCo says it expects adjusted 2012 earnings to fall 5 percent in 2012 during a transition and then rise in the high single digits after that. Its shares fell $2.54, or 3.8 percent, to $64.20 during morning trading. -----signature----- The Oatmeal Butterscotch paired with a Snickerdoodle turned my cynical penis into a happy vagina Then after an Oatmeal Cranberry and Double Chocolate, it made my new vagina spontaneously sing the Trolololo Song in an elevator. ---AkagiyamaMissile
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Itab Title: I <3 Cookies Posts: 10,896 Registered: Feb 20, '06 Extended Info (if available) Real Post Cnt: 10,650 User ID: 1,119,910	Subject: TRIO: Pepsico to cut 8,700 jobs; 4Q net rises
	Probably because Pepsi tastes like flat garbage. -----signature----- I'd suck a fart out of your ass and hold it likea bong hit. --- cumbat_mage_sc Kasta Magier says, "SLEEP IN HELL NINJA BASTARDS" http://i25.tinypic.com/24b6u5v.jpg
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JD_HOGG Posts: 19,975 Registered: Mar 18, '08 Extended Info (if available) Real Post Cnt: 19,893 User ID: 1,285,011	Subject: TRIO: Pepsico to cut 8,700 jobs; 4Q net rises
	They are cutting those jobs in China. -----signature----- (none)
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aon_mixed Title: Pirate Kitty Posts: 97,492 Registered: Aug 19, '02 Extended Info (if available) Real Post Cnt: 96,153 User ID: 707,392	Subject: TRIO: Pepsico to cut 8,700 jobs; 4Q net rises
	they gotta pay for Elton John somehow -----signature----- may contain partial nudity
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Dwaveran Title: Wants to Ban Canada... Posts: 21,834 Registered: Jan 23, '03 Extended Info (if available) Real Post Cnt: 21,487 User ID: 762,378	Subject: TRIO: Pepsico to cut 8,700 jobs; 4Q net rises
	Coke > Pepsi -----signature----- www.deathstarinc.com
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