Peltz's Trian Fund Management sent a letter to PepsiCo Inc. on Wednesday, saying it views "structural change as the best path forward to generate sustainable increases in shareholder value."
China's manufacturing contracted for a second straight month in February as a mainstay of the world's No. 2 economy loses momentum amid government efforts to rein in credit and investment growth.
A Nebraska judge on Wednesday struck down a law that allowed the Keystone XL pipeline to proceed through the state, a victory for opponents who have tried to block the project that would carry oil from Canada to Texas refineries.
Without solid numbers, many have assumed that most of the offshored jobs go to developing countries where workers are paid near-poverty wages in less than ideal working conditions. However, the researchers said public fear that offshoring to lower-cost countries is putting downward pressure on U.S. jobs may be overblown.
Spring water bottler Crystal Geyser's plans to tap an aquifer at the base of Mount Shasta in far Northern California is running into opposition from some residents, environmentalists and Native American tribes.
The cost of producing goods and services in the United States rose slightly in January, with higher food prices partly offset by cheaper gas. Overall, inflation remains mild.
Freedom Industries will return to the Robert C. Byrd Federal Courthouse for a 10 a.m. hearing Friday. The company wants to hire experts and environmental consultants to assess the circumstances surrounding its Jan. 9 spill.
Volkswagen's top workers' representative says he won't give up the fight for unionization at the German automaker's plant in Chattanooga, Tennessee.
The Czech brewery Budvar says a Portuguese trade court has ruled that it will have the exclusive rights to the Budweiser trademark in the country, canceling the rights owned by rival Anheuser-Busch InBev.
U.S. Secretary of State John Kerry on Sunday called climate change perhaps the world's "most fearsome" destructive weapon and mocked those who deny its existence or question its causes, comparing them to people who insist the Earth is flat.
Amazon recently announced a new branch called AmazonSupply that aims to take on the role that industrial distributors have been doing for decades — supplying much-needed parts or MRO products to manufacturers in a timely, regular fashion. For manufacturers, it’s an intriguing new possibility.
What separates those manufacturers using data effectively from those not is centered in how data issues are handled. It revolves around management approach, not software sophistication.
Nike will introduce self-tying "power laces," as worn by Marty McFly in Back to the Future Part II. In the 1989 movie, the power laces became a reality in 2015. Sure enough, next year is when Nike will unveil the laces, confirmed Nike designer Tinker Hatfield.
A federal judge has ruled in favor of a manufacturer in a lawsuit brought by a Texas woman who claimed her pelvic pain was caused by implanted surgical mesh.
In a report containing ammunition for both supporters and opponents of the Democratic election-year proposal, the Congressional Budget Office said gradually raising the minimum from $7.25 hourly to $10.10 would lift 900,000 people above the federal poverty level by 2016.
Loss-making French carmaker PSA Peugeot Citroen is getting a 3 billion euro lifeline backed by Chinese investors and the French government in a deal that will see the company's founding family hand over control after more than two centuries at the helm.
Regulators are investigating whether U.S. technology companies Qualcomm and InterDigital violated China's anti-monopoly law by charging excessive fees for patent licenses, a government spokesman said Wednesday.
Federal inspectors shut down a central California slaughterhouse that supplies beef to the National School Lunch Program because of unsanitary conditions.
HTC is offering to replace cracked phone screens for six months, saying it wants to address a leading consumer frustration.
A U.S. bankruptcy judge on Tuesday approved the sale of the remaining assets of failed electric-vehicle maker Fisker Automotive to Chinese auto-parts conglomerate Wanxiang Group.