PepsiCo announced on Thursday that while third-quarter net profits fell by 37 percent due to taxes, earnings were up by a higher-than-expected 17 percent when one-time charges were excluded. This led the beverages and snack foods company to raise its outlook on full-year earnings. The growth was driven by strong international sales and domestic demand [...]

General Motors has announced that it will continue its development of hybrid vehicles even though at this point the company will lose money on the project. The company said that it will pursue hybrid technology in order to boost its credentials as an environmentally-conscious firm. The chairman and chief executive of GM said that the [...]

US electronics and telecommunications company Motorola is said to be considering selling off its automotive products unit, a move some say could bring in over $1 billion. The sale would fit into the plans of the company’s chief executive, who has been focusing more on the telecommunications side of its business. Selling the automotive products [...]