NEW YORK -- PepsiCo
The report said Pepsi could be willing to pay as much as $95 a share for SodaStream, which makes at-home carbonation systems.
SodaStream went public in 2010. The stock closed Wednesday at $69.35.
Chernin Group, the investment and media company, is run by former News Corp.
Chernin made an initial bid in the lower $500 million range for Hulu, sources familiar with the situation said, but it is likely to be higher as the auction for the video site evolves, AllThingsD reported.
Net sales in May rose 7% to $8.13 billion from a year earlier.
Procter & Gamble
Each of the four divisions will be headed by a group president, expanding the responsibilities for four current executives. The move is one of Lafley's tasks is to create a succession plan.
J. M. Smucker
-- Written by Joseph Woelfel
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