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PepsiCo CEO Indra Nooyi, one of the most prominent women to lead a Fortune 500 company, will step down on Oct. 3.She will remain as chairwoman of the board of directors until early 2019. Nooyi, 62, will be replaced by Pepsi's global operations chief Ramon Laguarta, 54.Nooyi, who was born in India, is one of a handful of people of color to lead a Fortune 500 company.She helped turn Pepsi into one of the most successful food and beverage companies in the world. Sales grew 80% during her 12-year tenure. She spearheaded Pepsi's transition to a greener, more environmentally aware company.Nooyi has been with Pepsi for 24 years. Before becoming CEO she led the company's expansion through acquisitions, including its 2001 purchase of Quaker Oats Co. She earned million last year, and million over the last three years, according to company filings."Growing up in India, I never imagined I'd have the opportunity to lead such an extraordinary company," she said.Her departure leaves only 24 women leading Fortune 500 companies, after Beth Ford became the CEO of Land O'Lakes just last week. Just more than a year ago there were 32 women leading Fortune 500 companies, meaning that the number of women in top jobs at the nation's largest companies has dropped by more than 20% in just over a year.Since the middle of last year several high-profile female CEOs announced they were stepping down last year, including Marissa Mayer at Yahoo, Irene Rosenfeld at Mondelez and Meg Whitman of Hewlett Packard Enterprise.Related: Why it matters so much every time a woman CEO leavesLaguarta, Nooyi's successor, has served as president of PepsiCo since September 2017, overseeing global operations, corporate strategy, public policy and government affairs. Laguarta is also an immigrant, having been born in Spain. He had previously been CEO of the European and sub-Saharan African unit of Pepsi before being named the company's president.Nooyi praised her successor, calling him "exactly the right person to build on our success."Pepsi's stock lagged the broader market in recent years, and it has trailed rival Coca-Cola. Shares are down 1.5% this year, compared to a 5% rise in the S&P 500 index. Shares of Pepsi were slightly higher in pre-market trading.Americans' growing distaste for sugary sodas has hurt both Coke and Pepsi. In 2014 activist investor Nelson Peltz pushed for Pepsi to spin off its snack business as a separate company. But Nooyi was able to fight off calls to break up the company..-- CNNMoney's Paul R. La Monica and Julia Carpenter contributed to this report.The-CNN-Wire 2608

Police Chief Mike Koval in Madison, Wisconsin arrested WISC-TV Meteorologist Dave Caufield during a live newscast for "stealing spring," according to the station.Koval and Capt. Cory Nelson 'arrested' Caufield for charges of spreading false hope for warmer weather and not following through on promises."You are so infatuated with breaking records that we believe you are instigating this prolonged pain and misery," Koval said.Caufield said he's taking the fall for Mother Nature's crimes.Although we're all upset about the weather, the only one to blame here is Mother Nature herself. The Madison Police Department will not actually be pressing charges against Dave Caufield.  721

Parents often worry about their kids riding the school bus. But waiting for the bus or getting off after school can pose a far greater danger.The risk was highlighted this month, as at least five children lost their lives when they were hit by drivers near school bus stops across the U.S. At least seven other children were hurt in bus stop incidents.Now, a petition on WhiteHouse.gov seeks to call upon national leaders to create and sign legislation that institutes stricter penalties on drivers who violate rules around stopping for school buses.The petition makes suggestions such as 30 days in jail and 90-day license suspensions. Overall, wrecks involving school transportation, including buses, make up a tiny fraction of deadly vehicle incidents — less than 1 percent of nearly 325,000 fatal crashes in the US from 2006 to 2015, National Highway Traffic Safety Administration data show. 908

Please note this article is written as an explanatory piece from a writer for our content partners at CNN Newsource.Amazon turned the trunk of my car into a mailbox.The tech giant has launched a new service in 37 US cities that delivers packages to the trunks of cars for free. The catch? You need to be a Prime member.I spent a week testing the service and became convinced this is the future of urban deliveries -- for those with the right cars.  461

Over a dozen threats have been made against San Diego schools in recent days, a spike that is concerning District Attorney Summer Stephan. She says it doesn't matter if the person intended to carry out the threat, her office will pursue stiff consequences including jail time. WACTH OUR INTERVIEW WITH D.A. SUMMER STEPHAN 329