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Pepsi Scores NFL Touchdown
Replaces Coca-Cola as national soft-drink sponsor
ATLANTA – PepsiCo Inc. has inked a national sponsorship deal with the National Football League to become its official soft-drink sponsor, Reuters reported. Coca-Cola Co. had previously owned the sponsorship rights.
The terms of the deal between the NFL and Pepsi were not available, but sources close to the negotiations put its worth near the reported $300 million deal worked out on Wednesday between the NFL and the Coors Brewing Co, Reuters reported.
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N.J. Gov. Increases Tobacco Taxes
Cigarettes targeted to ease budget crises, support Gov.'s "no tax-increase" promise
TRENTON, N.J. -- New Jersey has proposed higher cigarette and corporate taxes to avert a $5 billion shortfall blamed partly on the Sept. 11 attacks and the recession.
Gov. James E. McGreevey won election in November after pledging not to raise taxes. After taking office, he said his vow extended only to the sales tax and income tax. But his
$23.7 billion budget for fiscal 2003, which represents a 1.5 percent increase over current spending, includes increases in taxes on tobacco products.
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