Headlines

Pepsi Nixes Russia Plant After Wimm-Bill-Dann Buy

PepsiCo Inc. shelved plans to build a $140 million drinks plant in Russia after acquiring local dairy and juice producer OAO Wimm-Bill-Dann Foods in 2011, the company said today in an e-mailed statement. The company announced it would build the plant in Rostov region, southern Russia, in 2010. (Bloomberg)