Washington - PepsiCo Inc said Tuesday it would cut 3,300 jobs as profits dipped and the company lowered its forecast for the rest of 2008.
Third-quarter net income decreased to 1.58 billion dollars, or by 9.6 per cent, from 1.74 billion a year earlier, the second-largest soft drink company in the world announced.
PepsiCo plans to save 1.2 billion dollars over three years by closing six plants and reducing 1.8 per cent of its workforce, chief financial officer Richard Goodman told Bloomberg news. He didn't specify which plants would be shuttered.
Washington - US Secretary of State Condoleezza Rice has cancelled plans to travel to the United Arab Emirates and will stay in Washington to deal with the global financial crisis, the State Department said Tuesday.
Deputy Secretary of State John Negroponte will take her place at the fifth annual Forum for the Future on Saturday and Sunday in Abu Dhabi, spokesman Sean McCormack said.
The forum is designed to strengthen the partnerships of Middle Eastern and North African governments and to promote democratic reforms and human rights.
Washington- Republican presidential candidate John McCain on Tuesday pledged to cut taxes and reform rules to help investors saving for retirement in a bid to jump-start an economy hard hit by the crisis in financial markets.
"We cannot spend the next four years as we have spent much of the last eight - waiting for our luck to change," the Arizona senator said in an attempt to distance himself from fellow Republican George W Bush.
"The hour is late and our troubles are getting worse. We have to act immediately. We have to change direction now. We have to fight."
San Francisco - Executives from Yahoo and Google are negotiating with the US Department of Justice in an effort to allay antitrust fears about their proposed advertising agreement, the Wall Street Journal reported Tuesday.
The report said that the talks, aimed at avoiding a widely predicted antitrust suit may include a volume cap that would limit the amount of ads Google can post on the Yahoo system.
New York - Iceland, a candidate for UN Security Council membership, said Tuesday that small states are well placed to play important political and economic roles while the world's major powers are finding their way out of the current financial crisis.
Iceland is running for a two-year term seat on the 15-nation council, competing with Austria and Turkey for the two seats reserved for European states. The two outgoing European states are Belgium and Italy.
The United Nations General Assembly will on Friday elect five new members to replace the five nations whose terms will expire on December 31.
New York - The United Nations Security Council on Tuesday extended the mandate of its large peacekeeping operation in Haiti by 12 months, while the government there is strengthening its national police force to assume the security role now being performed by the UN.
The UN mission's new mandate will expire October 15 next year. It is now composed of 7,060 military troops and 2,091 police from dozens of countries.
The council said in a resolution that it extended the UN mandate "until the planned substantial increase of the Haitian National Police capacity to allow for a reassessment of the situation."
Washington - PepsiCo Inc said Tuesday it would cut 3,300 jobs as profits dipped and the company lowered its forecast for the rest of 2008.
Washington - US Secretary of State Condoleezza Rice has cancelled plans to travel to the United Arab Emirates and will stay in Washington to deal with the global financial crisis, the State Department said Tuesday.
Washington- Republican presidential candidate John McCain on Tuesday pledged to cut taxes and reform rules to help investors saving for retirement in a bid to jump-start an economy hard hit by the crisis in financial markets.
San Francisco - Executives from Yahoo and Google are negotiating with the US Department of Justice in an effort to allay antitrust fears about their proposed advertising agreement, the Wall Street Journal reported Tuesday.
New York - Iceland, a candidate for UN Security Council membership, said Tuesday that small states are well placed to play important political and economic roles while the world's major powers are finding their way out of the current financial crisis.
New York - The United Nations Security Council on Tuesday extended the mandate of its large peacekeeping operation in Haiti by 12 months, while the government there is strengthening its national police force to assume the security role now being performed by the UN.
