PepsiCo Inc. (NYSE:PEP): Closing price $85.31
After the popularity of Coca-Cola’s Smartwater became apparent, PepsiCo intends to move into the premium bottled water market with a drink named Om. The company, which also makes Aquafina bottled water, intends to debut the line in 2013, according to the trade publication Beverage Digest. Thus far, PepsiCom has held back in regards to the premium water segment, which includes brands like Evian and Fiji.
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General Motors Co. (NYSE:GM): Closing price $36.68
GM has sacked its top powertrain executive due to irregularities in its emission-testing programs in India, which caused the firm to halt the sales of two popular models. This week, Vice President Sam Winegarden for global engine engineering was let go, along with some 10 other GM Powertrain employees in the United States and India, according to sources. The exits came in the same week that GM reported the recall of 114,000 Chevrolet Tavera utility vehicles in India to repair emission and specification problems. Indian media reports have said GM admitted to government officials that employees purposely rigged emission inspections to meet standards.
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The Boeing Co. (NYSE:BA): Closing price $105.58
The Federal Aviation Administration has proposed a $2.75 million civil fine against Boeing Co., saying that it failed to repair a problem with the fasteners on its 777 airplanes for more than two years after identifying it in 2008. In September of that year, Boeing discovered that it had been installing nonconforming fasteners, according to the agency, which investigated and demanded a response. However, after submitting plans having specific deadlines for fixing the problem, Boeing never implemented the plans, and did not address the problem until November 2010, says the FAA. The FAA reported that while the company ceased the use of the nonconforming fasteners after discovering the problem, some of the underlying manufacturing problems persisted.
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Dunkin’ Brands (NASDAQ:DNKN): Closing price $43.83
On Thursday, the company said that four franchise groups had made accords to develop 45 of its restaurants in Southern California, dramatically expanding the chain’s presence in the state beyond a single store on a Marine Corps base near Oceanside. The first new locations are expected to launch in 2015 in Orange and Los Angeles counties, although some stores inside other establishments like supermarkets, universities, casinos, airports, and the like could open sooner.
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