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COCA-COLA is curtailing its pay plan for executives after shareholders including Warren Buffett called it excessive. The company's long-term incentive program will now distribute the company's shares to a smaller group of executives, while the rest will be rewarded with cash bonuses instead. Coke also said the mix of long-term equity awards will be more heavily weighted to performance shares, rather than stock options. Last year, Coca-Cola CEO Muhtar Kent's pay package was worth $18.2 million, down 16 percent from the previous year, because Coca-Cola failed to meet its own growth targets.

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PEPSICO said Wednesday it plans to roll out a reduced-calorie version of its namesake soda made with sugar and stevia, a natural sweetener. Pepsi True will be sold on Amazon.com later this month before rolling out more broadly. Meanwhile, rival Coca-Cola is testing Coca-Cola Life, also made with a mix of sugar and stevia, which has fewer calories than its regular soda. That drink is expected to hit markets nationally by November.

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GENERAL MOTORS says a new version of the Chevrolet Corvette can go from zero to 60 mph in 2.95 seconds and can finish a quarter-mile in just under 11 seconds. The 2015 Corvette ZO6, which will go on sale early next year and cost nearly $80,000, is the fastest car GM has ever made. The Z06 that achieved the times is equipped with a supercharged V-8 engine with 650 horsepower.

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THE PACE of U.S. manufacturing growth slowed in September as expectations for hiring and new orders slipped from their August levels. The Institute for Supply Management, a trade group of purchasing managers, says its manufacturing index fell to 56.6 from 59 in August. Anything above 50, however, signals that manufacturing is growing.

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$36M

TOTAL COMPENSATION Darden CEO Clarence Otis will receive in cash, stocks and other benefits when he leaves the embattled Orlando-based restaurant chain later this year, according to the Institute for Policy Studies, a Washington think tank

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THE BOTTOM LINE: New York Times to eliminate about 100 newsroom jobs, about 7.5 percent of its newsroom staff, offering buyouts, though layoffs are possible ... Bank of America CEO Brian Moynihan has been named chairman of bank's board, succeeding Charles "Chad" Holiday Jr.

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