Kodak cuts 3,000 more jobs
New York: Eastman Kodak Co. will cut 3,000 more jobs this year as the picture-taking company transforms into a digital-imaging company focused on consumer photography and commercial printing.

By the end of the year, Kodak's work force will slip below 30,000, less than half what it was just three years ago.

On top of 27,000 layoffs already targeted, Kodak said it plans to reduce its payroll even more to accommodate the $2.35 billion sale in January of its health-imaging unit and its foray into a high-margin inkjet-printer market dominated by Hewlett Packard Co.
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PepsiCo Q4 profit higher by 60 pc
New York: PepsiCo Inc has shown a 60 per cent rise in quarterly profit, on the back of growth of its Frito Lay snacks business in the United States and growth abroad.

PepsiCo said net earnings for the fourth quarter rose to $1.78 billion, or $1.06 per share, from $1.11 billion, or 65 cents per share, a year earlier. Excluding a one-time benefit related to an Internal Revenue Service audit settlement, and a charge for closing two Frito-Lay plants, the company earned 72 cents per share. Net revenue rose to $10.38 billion from $10.10 billion a year earlier. For the current year, PepsiCo expects mid-single-digit volume and net revenue growth, and earnings per share of $3.30.
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