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Rumor Report: Pepsi to Cut 4,000 Jobs

By Tamara Rutter | More Articles
January 5, 2012 | Comments (2)

At The Motley Fool, we know our readers like to be informed. Here's a quick look at today's most relevant financial news, boiled down to what you need to know. In today's video, we cover the following:

  • PepsiCo (NYSE: PEP  ) is reportedly looking to cut thousands of jobs and reduce pension plan costs in order to boost profits.
  • Verizon (NYSE: VZ  ) agreed to increase the amount of compensation it previously disclosed for former CEO Ivan Seidenberg, after the SEC raised concerns.   
  • Apple (Nasdaq: AAPL  ) hired Todd Teresi, a former executive of Adobe Systems, to lead its struggling iAd business. 

So there you have it -- the top financial stories of the day. If you're interested in getting all the news and commentary on these stocks, sign up for My Watchlist -- it's free!

The Steve Jobs Betrayal
You may already know that in the final year of his life, Jobs revealed a stunning betrayal — and told his biographer, "I will spend my last dying breath... and every penny of Apple's $40 billion in the bank to right this wrong." What was it that made Jobs so irate — and why could it make a few in-the-know investors some major profits over the coming months and years?

Enter your email address below to find out what made Jobs so enraged!

Fool contributor Tamara Rutter owns shares of Apple and PepsiCo. Follow her on Twitter for more Foolish news @TamaraRutter. The Motley Fool owns shares of Apple, Google, and PepsiCo. Motley Fool newsletter services have recommended buying shares of Google, Apple, Adobe Systems, and PepsiCo, as well as creating a bull call spread position in Apple and diagonal call positions in PepsiCo and Adobe Systems. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy


Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On January 05, 2012, at 10:53 PM, jesterjouster wrote:

    Good sound quality, I like your clip on mic and background has a professional look and feel. Keep up the good work. Thanks for the info. Pepsi will have to take a hit in Alyce Lomax's portfolio with the pension cutbacks. Got my rec T.R.

  • Report this Comment On January 10, 2012, at 2:16 PM, TMFSocialME wrote:

    Thank you!

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Related Tickers

5/25/2012 4:01 PM
VZ $41.45 Up +0.06 +0.14%
Verizon Communicat… CAPS Rating: ****
PEP $68.64 Down -0.17 -0.25%
PepsiCo, Inc. CAPS Rating: *****
AAPL $562.29 Down -3.03 -0.54%
Apple CAPS Rating: ***

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