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PepsiCo. Inc. on Thursday posted quarterly adjusted earnings that exceeded analyst expectations, with revenue meeting Wall Street’s target. Second-quarter net earnings at the beverages heavyweight came in at $2.01 billion, or $1.38 a share, up from $1.99 billion, or $1.33 a share, a year ago. Adjusted earnings were $1.35 a share. Revenue was $15.4 billion, down from $15.9 billion a year ago. Analysts polled by FactSet had expected adjusted earnings of $1.29 a share, on revenue of $15.4 billion. The Pepsi soda maker also estimated 2016 organic revenue growth of 4%. It expects to return $7 billion to shareholders in 2016 through dividends of $4 billion and share buybacks of $3 billion.

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From:: Stock Market News

Attorney General Loretta Lynch said in a statement Wednesday afternoon that she does not plan to file any charges against presumptive Democratic presidential nominee Hillary Clinton for Clinton’s email practices as secretary of state. Clinton used a personal email server while dealing with confidential information in her role leading the State Department in President Barack Obama’s administration, which led to an inquiry. FBI Director James Comey blasted Clinton’s email practices Tuesday, but said that the FBI did not feel charges were “appropriate” in the case. In her statement, Lynch said she spoke to Comey at length earlier in the day and came to the same realization. “I received and accepted their unanimous recommendation that the thorough, year-long investigation be closed and that no charges be brought against any individuals within the scope of the investigation” Lynch wrote.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News