There was no drama at Morgan Stanley’s annual meeting.

Beverage and snack maker PepsiCo Inc. on Monday offered to acquire its two largest bottlers _ Pepsi Bottling Group and PepsiAmericas _ for $6 billion in an effort to cut costs and become more efficient.

PepsiCo, in an effort to reshape the way it delivers its beverages, is offering to acquire its two largest bottlers for $6 billion.

Pepsico, the world’s second-biggest beverage maker, says its fourth-quarter profit fell partly on restructuring and impairment charges, but adjusted results met analysts’ expectations.

Federal regulators on Friday issued their first approval of a new kind of bank charter intended to increase the “pool of potential buyers” of failed banks.

MasterCard said Monday that it swung to a loss in the third quarter, hurt by a hefty legal charge, but adjusted results beat Wall Street’s expectations as volume and transactions both rose.

PepsiCo Inc. lowered its 2008 profit outlook on Tuesday as the nation’s second-largest beverage maker announced a 9.5 percent drop in third-quarter earnings. The company also announced plans to eliminate 3,300 positions globally as part of a three-year co

PepsiCo Inc., which has struggled with lagging sales of its soft drinks business in the U.S., announced plans to eliminate 3,300 positions globally, as it reported a 9.5 percent drop in third-quarter profit and offered a downbeat profit outlook amid a sur

PepsiCo Inc. says it plans to eliminate 3,300 positions globally, as it reports a 9.5 percent drop in third-quarter profit.

Zac Purchase and Mark Hunter of Britain have won the gold medal in lightweight men’s double sculls, the first British pair to ever win this Olympic event.