PepsiCo income up 35% for the quarter

PepsiCo posted a net income increase of 35% in the second quarter, to $2.01 billion, as activist investor Nelson Peltz pushes the company to spin off its beverages and buy Mondelez. Chairman and CEO Indra Nooyi spoke against a major acquisitions, but said the North America beverage unit, which saw a 2% revenue decline, is "exploring every possible alternative" to improve results.

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