Pepsico and Nike should sue. And the journalist is an idiot for thinking there there is ANY possibility that is what the names mean. The author could have included a blanket statement that these were LIES by Islamonazi leaders. But no, he must leave open a little doubt.
Both companies and logos pre-dated the entity in question. Pepsi has been around since before WWI, but Israel didn't get incorporated until 1948. Nike has been around since at least the early 70s, but the call for an international Islamic kingdom was small and local to the middle east until after 9/11/01. They need some fact-checkers over there. This article sounds like something from the New York Times.