Originally published on Thu February 9, 2012 2:08 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.
Attorney General Tom Horne explains how Arizonans will benefit from the state's $1.6 billion share of a nationwide settlement of mortgage fraud charges against five major banks. With him is Carolyn Matthews who represented Arizona in the negotiations.
Arizonans will divide up about $1.6 billion as the state's share of a nationwide mortgage fraud settlement with five major lenders.
The $26 billion national settlement absolves the five claims that banks acted improperly and illegally in dealing with homeowners who sought mortgage relief. The biggest chunk for Arizona -- about $1.3 billion -- will go to directly helping those who are underwater on their mortgages, owing more than the property is worth.
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.
The FBI has released the files it kept on Steve Jobs, the co-founder of Apple. The 191-pages are part of a background search the FBI undertook in order to clear him for an appointment made to the President's Export Council by George W. Bush in 1991.
For the background check, the FBI conducted 30 interviews with friends, family, neighbors and former colleagues. What emerged was a portrait of a man admired for his brilliance but whose personal life and character are often questioned. It's not unlike the picture painted in Walter Isaacson's 2011 biography "Steve Jobs."
A Democratic member of Mississippi's state House has introduced legislation that would "for all official purposes within the State of Mississippi," change the name of the Gulf of Mexico to Gulf of America.
Originally published on Thu February 9, 2012 5:09 pm
Across the country, 1 in 6 hospitals has high rates of one of the most serious kinds of preventable infections — those caused by catheters inserted into large veins, according to new data published by the Centers for Medicare & Medicaid Services.