The company has boosted advertising for its drinks, including Pepsi. Photograph: Mario Anzuoni/Reuters

PepsiCo forecast a surprise drop in full-year profit on Friday, as the snack and beverage company spent heavily on marketing and developing new produc(...)

PepsiCo has boosted advertising behind its trademark colas – Pepsi, Diet Pepsi and Pepsi Zero – to claw back market share from Coca-Cola. Photograph: Luke Sharrett/Bloomberg

PepsiCo posted stronger than expected profit on Tuesday, boosted by beverage sales in North America that rose after a year of declines and as investme(...)

PepsiCo is to buy carbonated drink-machine maker SodaStream for $3.2 billion as it battles Coca-Cola for an edge in the health-conscious beverage market. Photograph: Jim Hollander/EPA

PepsiCo will buy carbonated drink-machine maker SodaStream for $3.2 billion as it battles Coca-Cola for an edge in the health-conscious beverage marke(...)

Indra Nooyi has been with the company for 24 years

PepsiCo said on Monday that Indra Nooyi would step down as chief executive after 12 years at the helm and named president Ramon Laguarta as her replac(...)