More from PepsiCo (PEP): The company announces plans to cut 8.7K employees or 3% of its...

|About: PepsiCo Inc. (PEP)|By:, SA News Editor

More from PepsiCo (PEP): The company announces plans to cut 8.7K employees or 3% of its workforce by 2014. Dividend is raised 4% to an annualized rate of $2.15/share. It expects 2012 share repurchases of at least $3B - financed through a combination of free cash flow and additional debt. Shares -1% premarket.