VENTURE CAPITAL POST

Wendy's has chosen Kirk Tanner, a PepsiCo executive of 32 years, as its new CEO.

The FTC allowed the Coca-Cola Company and PepsiCo Inc. to retain the word 'diet' on their ads and labels while the FDA said it will still review the plea.

Global soft drink major PepsiCo Inc is testing waters in mobile devices market. The US-based food and beverage company is in the process of launching Pepsi branded smartphones in the Chinese market shortly. However, Pepsi doesn't make mobile phones but acts as a licensing partner to market mobile phones under Pepsi brand.

At least 40 major U.S. companies have substantial exposure to Venezuela’s deepening economic crisis, and could collectively be forced to take billions of dollars of write downs, a Reuters analysis shows.

Constar International Holdings, which lost its contract with PepsiCo last year, filed for its third bankruptcy since 2008. Constar filed for Chapter 11 protection as it hopes to nail down its sale to Amcor Rigid Plastics USA.

According to Tingyi Holding Corp Chief Financial Officer Frank Lin, his company could form more corporate alliances or strategic purchases next year in mainland China.

The Publicis-Omnicom merger ensured a win in the ad market as soda rivals Coca-Cola Co and PepsiCo Inc share the same ad company.