Business Today: PepsiCo raises profit forecast as North America snack sales rise

		Click to View in Browser 07/23/2014 PepsiCo raises profit forecast as North America snack sales rise (Reuters) - PepsiCo Inc reported a higher-than-expected quarterly profit and raised its full-year adjusted earnings forecast, helped by strong sales of snacks such as Lays and Doritos chips in North America. Higher commercial jet deliveries boost Boeing's profit (Reuters) - Boeing Co reported a 52 percent increase in quarterly profit, helped by a rise in commercial aircraft deliveries and raised its full-year earnings forecast. Five held in China food scandal probe, including head of Shanghai Husi Food SHANGHAI/LANGFANG China (Reuters) - Shanghai police said on Wednesday they detained five people in an investigation into a Chinese-based supplier of foreign fast-food brands including KFC and McDonald's Corp over allegations the firm supplied out-of-date meat. Stock futures tick up on earnings, world conflicts eyed NEW YORK (Reuters) - U.S. stock index futures edged up on Wednesday, boosted by bullish earnings from companies like Microsoft and Boeing, though conflicts in Ukraine and the Gaza Strip weighed on investor confidence. NY Fed found serious problems at Deutsche Bank's U.S. arms: source FRANKFURT, (Reuters) - The Federal Reserve Bank of New York has found serious problems in Deutsche Bank's U.S. operations, including shoddy financial reporting, weak technology and inadequate auditing and oversight, a person close to the matter told Reuters. U.S. SEC poised to adopt reforms for money market funds WASHINGTON (Reuters) - U.S. regulators are expected to adopt rules on Wednesday that force "prime" money market funds used by large institutions to float their share price. Whirlpool posts lower profit, cuts outlook on acquisition expenses (Reuters) - Whirlpool Corp on Wednesday reported a lower quarterly profit as sales fell in every region except North America. The company also cut its full-year earnings outlook, citing expenses from two pending acquisitions. Delta Air quarterly profit rises, aided by U.S. demand (Reuters) - Delta Air Lines reported a higher second-quarter profit on Wednesday as it flew fuller planes and enjoyed higher passenger revenue in the United States and Europe. Fiat CEO says tie-up with Volkswagen was never on agenda TURIN Italy (Reuters) - Fiat Chrysler CEO Sergio Marchionne on Wednesday quashed speculation of a possible tie-up with Germany's Volkswagen , saying the idea had never been on the agenda. Japan readies fuel cell subsidies in bet on Toyota's next big thing TOKYO (Reuters) - Japan is readying subsidies to help Toyota Motor Corp and key suppliers take the lead in hydrogen-powered fuel cell vehicles that could top $400 million over the next several years if the most bullish projections for the technology play out. Related Video Breakingviews: Deutsche's push back Breakingviews: Tesco thinks unthinkable Economic News U.S. mortgage applications rise in latest week: MBA Japan to cut discretionary spending 10 percent in next FY budget: draft A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend