Bloomberg PepsiCo Inc reported quarterly profit that beat estimates with brands including Mountain Dew soda and Doritos chips boosting results. Second-quarter earnings, excluding some items, amounted to $1.54 a share, compared with projections of $1.50. Revenue of $16.44 billion was narrowly ahead of estimates. PepsiCo has boosted its marketing spending as it tries to drive growth in an increasingly competitive ...

Bloomberg Workers from ethnic minority groups in London are paid 21.7 percent less on average than white employees, according to Office for National Statistics data. The capital — which is home to the highest proportion of workers identifying as being from an ethnic minority group — had the largest pay gap in the country last year, figures drawn from the ...

Bloomberg Italy’s construction industry is crumbling after years of recession and bad investments, but now the sector’s biggest player is betting it can be rebuilt. Salini Impregilo SpA, whose projects have included expansion of the Panama Canal to a new subway line in Riyadh, plans to create a 1.5 billion-euro ($1.7 billion) construction hub dubbed “Progetto Italia,” or Project Italy, ...