Originally published on Thu February 9, 2012 2:08 pm
Credit Mark Lennihan / AP
PepsiCo, the maker of Pepsi soda and Doritos chips, said it will cut 8,700 jobs worldwide. That represents about 3 percent of its 300,000 person global work workforce.
The announcement also comes just after the company announced better-than-expected fourth-quarter earnings. The Financial Times reports that net income for the company rose 3 percent to $1.4 billion and revenues were up 11 percent to $20.1 billion.
The FBI has released the files it kept on Steve Jobs, the co-founder of Apple. The 191-pages are part of a background search the FBI undertook in order to clear him for an appointment made to the President's Export Council by George W. Bush in 1991.
For the background check, the FBI conducted 30 interviews with friends, family, neighbors and former colleagues. What emerged was a portrait of a man admired for his brilliance but whose personal life and character are often questioned. It's not unlike the picture painted in Walter Isaacson's 2011 biography "Steve Jobs."
Originally published on Thu February 9, 2012 11:33 am
Credit Southern Company
The National Regulatory Agency announced it had given Southern Co. the OK to build two nuclear reactors in Georgia, making it the first new nuclear power plant approved in a generation.
The AP, which reported earlier today that the NRC was poised to give its approval, reports that one of the $14 billion reactors could be ready as soon as 2016. The second reactor could begin operating in 2017. The AP adds:
"After negotiating through the night," NPR's Yuki Noguchi reports, states attorneys general, federal officials and five major banks have agreed on a plan that will provide about $26 billion in mortgage relief and aid to homeowners who got crushed when the housing bubble burst.