PepsiCo investing $3 bln in Mexico over next 5 years

SAN FRANCISCO (MarketWatch) — PepsiCo Inc. said Thursday it plans to spend up to $3 billion to build its brands in Mexico over the next 5 years. The money will be used to grow the company’s Sabritas and Gamesa foods businesses and its beverage portfolio in the country. About $2 billion will be spent on the company’s foods business while $1 billion will be spent on beverages.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

More @ DollarDrops.com:Standard & Poor’s eyes some Bear Stearns ratings

S&P revises National City’s outlook to negative

CORRECT: S&P upgrades Wachovia, Sovereign and Capital One

Microsoft says it’s back in talks with Yahoo

U.S. stocks open mixed; techs rise on Microsoft/Yahoo talks

Original post by Forextvblog

This entry was posted on Thursday, November 20th, 2008 at 3:10 pm and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.