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PepsiCo (NYSE:PEP) reports that it has launched a new food manufacturing facility in China, the location of which is aimed at assisting the company provide for the growing markets in central and western China. CEO Indra Nooyi wows the crowd in China, as she helped celebrate the opening the plant. Nooyi commented that Pepsico will be the biggest food and beverage firm in the region, sporting a current market share of around 3.8 percent, with genuine intentions of aiming its products to local tastes. Coming soon to the Chinese market are hot-and-sour fish soup potato chips, white fungus oatmeal, and blueberry Gatorade.
CEO Sheldon Adelson of Las Vegas Sands (NYSE:LVS) not only says that his company never violated the Foreign Corrupt Practices Act, he also boasts that not a “shred of evidence” existent that could support such a claim. The firm has been the target of a nuisance lawsuit by a former employee, which is getting more attention in Asia than in the United States.
Earnings Report: Marriott International Second Quarter Earnings Sneak Peek.
First an Internet shutdown was threatened this week, and now it’s a possible midnight blackout by DirecTV (NASDAQ:DTV), as its dispute with Viacom (NYSE:VIA) over carriage fees hits the wall after the firms are unable to work out a last-minute agreement. Viacom is saying out loud that DirecTV might drop all of its channels as of midnight Tuesday, but DirecTV tweets that it has no such dramatic intentions.
Walgreen (NYSE:WAG) launches a new service that will enable customers to print photos directly from their iPhone and Android devices in Walgreen stores. In addition, WAG reports that it will provide an open software platform which will let third-party developers write applications for the in-store photo service.
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