Originally published on Thu February 9, 2012 3:08 pm
PepsiCo, the maker of Pepsi soda and Doritos chips, said it will cut 8,700 jobs worldwide. That represents about 3 percent of its 300,000 person global work workforce.
The announcement also comes just after the company announced better-than-expected fourth-quarter earnings. The Financial Times reports that net income for the company rose 3 percent to $1.4 billion and revenues were up 11 percent to $20.1 billion.
The Soup Movement in America is based on a simple recipe: Bring a bunch of people together to eat soup. Ask each person for a modest donation — say $5. Listen to a few proposals about how people might use that pool of money for a worthwhile project. Vote on the best proposal, and give all the money to the top vote-getter. Go home full and fulfilled.
President Hugo Chavez waves during a military parade in Caracas, Venezuela, to commemorate the 20th anniversary of a failed coup attempt he led. After battling cancer last year, Chavez has returned to his high-profile, fiery ways.