EconomyPepsiCo Cuts Guidance; Levi Strauss Sales Growth Disappoints | Stock Movers

PepsiCo shares fell after it lowered its profit outlook, saying North America’s recovery is taking longer than expected. Rising regional costs are pressuring margins, and the company plans to raise some prices in coming months after earlier cuts to select major brands. Microsoft shares followed news that Xbox is formalizing its film and TV expansion through a new division.