date:Feb 14, 2014
PepsiCo Inc, rejecting a proposal by activist investor Nelson Peltz, said it had decided not to spin off its North-American beverage business, which posted another drop in sales in the fourth quarter.
PepsiCo shares fell about 3.5 percent in early trading on Thursday even though strong snack food sales helped the company report a better-than-expected 5 percent rise in profit.
Soda sales have been declining in North America as health-conscious consumers reach for non-carbonated beverages such a