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Business News
PepsiCo 3Q results beat Street; raises full-year guidance
PURCHASE, N.Y. (AP) -- PepsiCo, free of last year's entanglements in beleaguered Venezuela, reported soaring third-quarter profits that breezed past almost all expectations....
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Danish drug maker Novo Nordisk to lay off 1,000 employees
COPENHAGEN, Denmark (AP) -- Danish drug maker Novo Nordisk says it plans to lay off some 1,000 employees globally to reduce operating costs because of "a challenging competitive environment, especially in its large U.S. market."...
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Wells Fargo CEO to face lawmakers with better defense
WASHINGTON (AP) -- Wells Fargo's CEO, newly stripped of tens of millions in compensation in a scandal over sales practices, will face lawmakers with more defenses than he had in the last round, when some senators called for his resignation....
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Business Highlights
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How the Dow Jones industrial average fared on Wednesday
NEW YORK (AP) -- Energy companies powered to big gains Wednesday, leading the broader stock market higher, as the price of crude oil surged on news of a deal among OPEC nations to cut production....
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