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Pepsico to cut 8,700 jobs; 4Q net rises

NEW YORK — PepsiCo is trying to put some fizz back into its business. The food and drinks maker announced a restructuring on Thursday that includes cutting 8,700 jobs globally and plowing money into advertising drinks like Pepsi and Mountain Dew in North America. Pepsi announced its cost-cutting plan Thursday as it reported better-than-expected fourth-quarter profit, ...

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