Consumers in Baltimore, Boston and Philadelphia dine out less frequently than Americans in other major markets, while residents of four Texas towns head to restaurants more often than their counterparts across the country, according to a new ranking from Zagat.
In a global survey by the Just-Food media group, 54% of food and beverage executives said their company does not measure return on investment for social media, and another 18% didn't know if their company calculated social media ROI. The survey also found that 52% of food and beverage companies now have a strategy for social media.
A third-quarter survey of U.S.-based industrial manufacturers found that 48% of them are optimistic about the U.S. economy in 2010. That's up from 43% in the second quarter. However, 45% of the manufacturers participating in the PricewaterhouseCoopers survey do not expect their businesses to recover from the downturn until the second half of next year.
PepsiCo will continue to grow organically and only buy companies whose businesses fit into existing Pepsi portfolios, said chief executive Indra Nooyi, who dismissed stories about a merger with Nestle as a rumor.