Latin America - PepsiCo and Ocean Spray Cranberries Form Strategic Alliance

Uploaded by FinancialNewsOnline on Jan 17, 2012

PepsiCo (NYSE:PEP) and Ocean Spray Cranberries announced Tuesday they have formed a strategic alliance in Latin America. As part of the deal, PepsiCo will have exclusive rights to manufacture and distribute a portfolio of cranberry- and blueberry-based beverages through its Latin America Beverages division.

The companies will share marketing responsibilities for the products and intend to collaborate on product innovation.

President of PepsiCo's Latin America Beverages Division Luis Montoya said, "We see tremendous opportunities to grow our beverage business in emerging markets throughoutLatin America, and we continue to take steps to strengthen our brand portfolio through product innovation, marketing and strategic partnerships. Ocean Spray is already a great PepsiCo partner in the U.S., and we believe this will be a winning combination for Latin American consumers and customers. It positions us well to continue to gain share of the growing juice category."

PepsiCo (NYSE:PEP) has potential upside of 7.3% based on a current price of $64.98 and an average consensus analyst price target of $69.75.

USA - Burger King tests out delivery service at some stores in Virginia and Maryland

Uploaded by FinancialNewsOnline on Jan 17, 2012

The operator of 7,500 fast-food restaurants in the U.S. and Canada is trying out delivery service at some stores in Virginia and Maryland as a way to boost sales, according to a report by Bloomberg. Burger King Holdings Inc. is offering delivery service from 11 a.m. to 10 p.m. in select stores in those states. Burger King's website says deliveries cost $2.00 and there is a minimum order of $8.00 to $10.00, depending on the market. The report says that 3G Capital Inc., a New York-based private-equity firm, bought Burger King for about $3.93 billion in 2010. It goes on to say that revenue rose 1.4% to $608.1 million in the three months ending September 30, compared with the year before.

Spain - Raw Video: Riding Horses Over Fire in San Bartolome de Pinares

Published on Jan 17, 2012 by AssociatedPress

The streets of San Bartolome de Pinares, Spain are filled of smoke, the glow of burning wood and the clatter of horse shoes on its streets. Jockeys are riding their horses as near as they dare to a bonfire to mark the Feast of Saint Anthony. (Jan. 17)

Italy - Damning tape of cruise ship's captain Francesco Schettino

Published on Jan 17, 2012 by Euronews

http://www.euronews.net/ As the captain of the stricken Costa Concordia Francesco Schettino was appearing in court, and the death toll rose to 11, a recording emerged purporting to show heated radio exchanges between him and the harbour master.

The Italian newspaper Corriere della Sera published the tape saying it was made after Francesco Schettini had left the vessel.

In it the harbour master tells the captain to get back on board and coordinate the rescue from there.

Schettino says he is in a lifeboat.

Lianne La Havas "Gone" music video (Live at Slaughtered Lamb, London )

Uploaded by LoveLiveMusicUk on Jun 14, 2011

Band: Hamish Jackson and Matt Ingram
Recorded by Sally J Freeman - June 13th
Twitter: www.twitter.com/LoveLiveMusicUK
www.LianneLaHavas.com

Holland - Global financial court promises firm rulings

Published on Jan 17, 2012 by Euronews

http://www.euronews.net/ The world's first international tribunal for complex financial litigation has opened in the Netherlands, headquartered at the Peace Palace in The Hague.

National or local governments and private companies may bring cases before the dispute resolution facility, called PRIME Finance, short for Panel of Recognised International Market Experts in Finance. There are more than 80 of these specialised 'judges'.

euronews science: French sound alpine glacier alarm

Published on Jan 17, 2012 by Euronews

http://www.euronews.net/ Around the globe, in all latitudes, at all altitudes, glaciers are receding and disappearing at a rapid pace. At a speed that often exceeds even the most alarmist previsions made a few years ago. This tendency has been recently confirmed by a study of the French Alps carried out by researchers of the University of Savoie, located near Chambery.

When we talk about melting glaciers and global warming we often think of faraway polar regions. But here we are in the heart of Europe, close to Mont Blanc, and the surface area of glaciers is shrinking remarkably.

Europe - Eurozone inflation dips

Published on Jan 17, 2012 by Euronews

http://www.euronews.net/ Inflation in the eurozone fell more than previously expected in December.

Consumer prices in the 17 countries sharing the euro rose 2.7 percent compared with the same month a year earlier.

Not including volatile energy costs, inflation was 1.9 percent, and stripping out food and fuel it was 1.6 percent.

That should give the European Central Bank more room to cut interest rates as the region's economy heads for recession.