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Tap Water’s Popularity Forces Pepsi to Cut Jobs – NYTimes.com

Tap water is making a comeback. That’s bad news for PepsiCo’s profits.
The company, which makes Pepsi, Doritos and Quaker Oats cereal, announced on Tuesday that its quarterly earnings were down 10 percent in part because of declines in sales of soda and bottled water in the United States.

Fashions change, eh?