Basketball star Yao Ming has signed a deal with Pepsi worth an estimated $7 million a year. The star center of the Houston Rockets asked Coca-Cola to remove his image from all of its cans and promotional materials in China, saying he never authorized its use. But Coca-Cola says it signed a three-year marketing contract with China's national men's basketball team, of which Yao is a member.
The Senate passed a phased-in and temporary exclusion for dividends, a measure that would exempt 50% of dividends from tax this year and 100% in the following years. But some corporate representatives say they're unsure of the measure's impact on their businesses.
Datamonitor analysts found that for the snack industry to flourish, its products must offer quality, convenience and health. The report emphasized that consumption of snack foods is expected to surge over the next five years.
The 51-49 vote, largely along party lines, approved $350 billion in cuts over the next decade. Legislators from the House and the Senate must now meet to reconcile their two plans before sending the bill to the president.