Pepsico News

Pepsi-Cola of North America severed ties with rapper Lil Wayne Friday after the rapper made a crude reference to 14-year-old slain civil rights martyr Emmett Till in a song.

Naked Juice is the next company to feel the hurt, after their parent company, Pepsico, contributed $2.5 million against Proposition 37, the ballot initiative for mandatory GMO labeling in the recent elections.

PepsiCo is "quietly" changing the formula in its Diet Pepsi product. The company has been slowly rolling out the new Diet Pepsi for weeks now and will continue to do so for the near future. The company plans to launch a new ad campaign next month.

Frito-Lay is introducing a new caffeinated version of Cracker Jacks, and this variety has sparked controversy. A consumer health advocacy group has voiced concern over including caffeine in snacks.

Earlier this week PepsiCo launched a new soda in Japan called "Pepsi Special". The claims are this soda contains fat blocking ingredients.

Madison - A lawsuit against PepsiCo over an alleged mouse in a can of Mountain Dew has been settled for an undisclosed sum of money.

Purchase - PepsiCo is looking to make a dent in the soft drink market once again with a new product. What's being described as trying to "fill a void" between diet and regular Pepsi, the new item, Pepsi Next, will be a lower calorie soda.

New York - PepsiCo Inc. officially announced that it plans to cut 8,700 jobs, or approximately three percent of its workforce. It will also increase marketing spending by about $600 million. This restructuring is estimated to save the company $1.5 billion by 2014.

Madison - This past week PepsiCo hired a new attorney to represent the company in a lawsuit filed in 2009 by a man who claims he found a mouse in a can of Mountain Dew.

New York - In order to boost the company's earnings, Pepsi is looking at cutting about 4,000 jobs from its workforce. It is also eyeing the possibility of ending or reducing pension contributions. A "final decision" is expected in a few days.