Posted by admin on Saturday Mar 20, 2010
Filed under :Business
Shares worth$15 billion will be bought by PepsiCo. The common stock through June 2013 will be bought by PepsiCo. The report was announced on Monday of the shares worth $ 15 billion will be buy back by Pepsi. The premarket trading saw a rise by 2 % in the shares. The CEO Indra Nooyi the confidence has been by the board action in the growth. The growth also helps to provide cash to the shareholders. The biggest soft drink seller announced before the plans of buying shares worth $4.4 billion this year.
A prior repurchase authorization for the year OF 2007 will be buy backs. The annual dividend of the company will be boosted by 7% .Around $1.92 dividend which will be seen from the month of June 30.The shareholders of re cord of June 4 will be paid dividend. The company cleared the final regulatory hurdle last month on a purchase.
The two biggest bottler are Pepsi bottling group and Pepsi Americas. The deal in the two biggest bottle buyers in a bid was for $7.8 billion. The two companies PepsiCo and its rival coca cola want more control over distribution. The reason behind those the customers will shift from sugary carbonated drinks to other beverages. A rapport is going on between the two companies so as to compensate with the different consumer taste.
Posted by admin on Saturday Mar 20, 2010
Filed under :Economy
Crude oil prices have slowly and steadily moved up in 2009 from the year low of 35 dollars to around 75 dollars. And in the last few months the prices have hovered around the 70-80 dollars band and there are varying price projections for the year 2010 by experts.
According to some experts, the crude oil prices can dip to a new low of around 40 dollars in 2010 due to the expected global economic dip. These experts feel that the inflation in most parts of the world would push the governments to withdraw the stimulus funding over the coming months. And with no improvement in the employment scenario in US and Europe in 2010, these experts fear that the crude oil prices will crash by nearly 50% before the year end.
There are optimistic analysts, who on the other hand , are expecting the entire global economy to recover in coming months. These optimists are expecting the crude oil prices to remain in the 60 dollars to 100 dollars band.
Posted by admin on Saturday Mar 20, 2010
Filed under :Business
The TATA motors saw a growth of its automobile industry by 59 %. TATA motors announced the growth on Monday. The growth was for both commercial and passenger vehicles. The robust demand was seen globally for both the vehicles. The February month saw good sales of 89,768 units of vehicles.
In February some luxurious vehicles also had a good growth. Luxurious brand especially Jaguar land rover had a sale of 17,197 units. In the same period of last year the sales has gone up by 60%.The passenger vehicles also had good sale 47,108 units in February.
The growth of 50 % sale is seen in the passenger vehicles. The commercial vehicles had a growth of 70 % compared to last February 2009.The number of units of commercial vehicles is 42,660 units. TATA is known for its efficiency, durable, hamper less vehicles both passenger and commercial.
Posted by admin on Thursday Mar 11, 2010
Filed under :Health
The overweight state of the country had the first lady to bring out the anti –obesity drive recently. A speech was organized recently, in which the smart Lady Michelle spoke at the school of nutrition association. The school was praised by Mrs Obama for the way the teachers and students have the lunch together. The school nutrition association is responsible for serving meals at schools which started in 1946.
Teachers having food with the children not only encourage the kid to eat but also helping the child take fruit and vegetable in their diet. The Lady planned to visit two schools and speak about healthy eating and exercises. Mrs Obama showed her foot work and started a Lets move campaign. The campaign helps to make the kids play for 60 minutes a day.
The Lets move campaign will help the children of America have a healthy lifestyle. A group of children were made to play football and other athletic games at the campaign. The goal of this project Lets move is to get rid of the child obesity in America. Child obesity is one of the most serious threats for the future generations. The Lets move campaign will help the children exercise in some form and stay trim and healthy.