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BUSINESS
April 6, 2012 | By Tiffany Hsu
Coca-Cola Co. and Kraft Foods Inc. bowed to consumer pressure this week and cut ties with the American Legislative Exchange Council, a conservative lobbying group that has recently backed controversial voter ID and so-called “stand your ground” laws. Within hours of advocacy group Color of Change launching a boycott against Coca-Cola for its participation on ALEC's Private Enterprise Board, the soft drink giant issued a statement saying that it had “elected to discontinue its membership.” But the company blamed ALEC's support of “discriminatory food and beverage taxes” instead of “issues that have no direct bearing on our business.” “We have a long-standing policy of only taking positions on issues that impact our company and industry,”Coca-Colasaid.
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BUSINESS
April 21, 2014 | By David G. Savage
WASHINGTON - In a case that could strengthen truth-in-labeling laws, Supreme Court justices on Monday voiced deep skepticism about Coca-Cola's Pomegranate Blueberry juice that is 99.4% apple and grape juice, saying the name would probably fool most consumers, including themselves. The high court is hearing an appeal from Stewart and Lynda Resnick of Los Angeles, makers of a rival pomegranate juice called Pom Wonderful, who complained that the name of the Coca-Cola product, sold under the Minute Maid brand, is false and misleading.
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BUSINESS
September 30, 2013 | By Ricardo Lopez
Coca-Cola fizzled in 2013, falling two spots from its ranking as the world's most valuable brand, according to a closely watched report released Monday. Coca-Cola was replaced by Apple in the 2013 report by Interbrand, a brand consulting company owned by the  Omnicom Group .  The report ranks companies based on a factors including financial performance and brand loyalty. The global report ranks companies that have a presence on at least three major continents.  In its latest rankings, Interbrand estimated the worth of Apple's brand to be $98.3 billion, up 28% from the year before.  The introduction to Apple's description reads like a gushing tech review: "Every so often, a company changes our lives, not just with its products, but also with its ethos," the report begins.
BUSINESS
December 13, 2013 | By Ricardo Lopez
Coca-Cola Co. has announced that it will split its North America business into two units as it aims to return to a traditional franchising model. The Atlanta-based beverage giant also announced changes in its top leadership. The company said Thursday that effective Jan. 1, it have two new units --  Coca-Cola North America and Coca-Cola Refreshments.  J.A.M. Douglas has been appointed group president for Coca-Cola North America. Paul Mulligan will lead Coca-Cola Refreshments, the bottling division of the business, the company said.  Coca-Cola announced earlier this year that it would revamp the company as it tries to deal with a decline its soda business.
BUSINESS
April 18, 2012 | By Alex Pham, Los Angeles Times
Spotify is hoping that Coke will teach the world to click its play button. The Swedish digital music service on Wednesday announced a broad-ranging marketing deal withCoca-Cola Co.that could help turbocharge the number of people who are exposed to, and ultimately sign up for, Spotify. Although the partnership does not involve any money changing hands, both parties describe it as invaluable to their efforts to market their products. For Spotify, the burgeoning music-streaming service that launched in the United States in July, getting access to Coca-Cola's formidable global marketing engine will come in handy as it expands its international footprint.
BUSINESS
June 26, 2012 | By Tiffany Hsu
Coca-Cola Co., the world's largest soft-drink maker, plans to spend a total of $7 billion on India through 2020 as it attempts to take advantage of the country's changing consumer tastes. The company will add a $3 billion investment to the $2 billion plan it announced in November, Chairman and Chief Executive Muhtar Kent said Tuesday . Coca-Cola has already put more than $2 billion into its India operations since re-entering the country in 1993. To compare, $7 billion is the same amount that R. Allen Stanford was convicted of bilking from investors in one of the U.S.'s largest Ponzi schemes . Locally produced foods sold at U.S. farmers markets, roadside stands or by middlemen brought in $7 billion in revenue last year . Last month, the L.A. City Council approved a $7.2 billion budget . Coca-Cola abandoned India in 1977 when government regulations required it to partner with a local company.
NEWS
October 23, 2013 | By Adam Tschorn
Soft-drink maker Coca-Cola has tapped L.A.-based designer/collaboration king Darren Romanelli , a.k.a. Dr. Romanelli, a.k.a. DRx  (big "r" little "x" -- like a doctor's Rx) to create a capsule collection of pieced-together retro Coke clothing found at flea markets and in vintage stores around the world. While news of the Coca-Cola by DRx collection has been out for a few days now (we mentioned it in Monday's Fashion News report ), the official reveal of the collection -- and launch party -- took place Tuesday night at New York City's New Museum, and we've finally had a chance to see some of the pieces in the collection.
BUSINESS
May 8, 2013 | By Tiffany Hsu
Coca-Cola is making major promises to fight obesity - ceasing advertisements directed at kids, slapping calorie counts on all its packaging - as the soda giant stares down a rising tide of concern over sugar-stuffed beverages. On Wednesday, as part of an initiative it's calling Coming Together, the Atlanta company made a series of pledges that also involved offering low- or no-calorie drinks globally and backing of physical activity programs. Coca-Cola said its new rules, announced in part to commemorate the brand's 127 th anniversary, will apply in more than 200 countries where it does business.
BUSINESS
April 30, 2012 | By Tiffany Hsu
Coca-Cola Co. said it is not in talks to acquire Corona-based energy drinks maker Monster Beverage Corp., despite rumors to the contrary that caused Monster's stock to spike on Monday. A Wall Street Journal story that said Coca-Cola had its eye on buying Monster caused shares of the smaller company, which have nearly doubled in the last 52 weeks, to spike more than 27% from Friday's $65.53 close to $83.31 around noon in New York. But Monday afternoon, Coca-Cola issued a statement denying the report.
ENTERTAINMENT
August 8, 2013
Prolifically produced for almost 40 years, "El Grande de Coca-Cola" has been directed by Alan Shearman and starred Ron House since its inception. Formerly two acts, the play has been judiciously pared to a breezy 75 minutes — and the comic momentum never flags. Wearing a hairpiece that looks like a small animal in distress, House is the linchpin of a superlative, marvelously agile cast. Ruskin Group Theatre, 3000 Airport Road, Santa Monica. 8 p.m. Fridays-Saturdays, 2 p.m. Sundays.
NEWS
October 23, 2013 | By Adam Tschorn
Soft-drink maker Coca-Cola has tapped L.A.-based designer/collaboration king Darren Romanelli , a.k.a. Dr. Romanelli, a.k.a. DRx  (big "r" little "x" -- like a doctor's Rx) to create a capsule collection of pieced-together retro Coke clothing found at flea markets and in vintage stores around the world. While news of the Coca-Cola by DRx collection has been out for a few days now (we mentioned it in Monday's Fashion News report ), the official reveal of the collection -- and launch party -- took place Tuesday night at New York City's New Museum, and we've finally had a chance to see some of the pieces in the collection.
BUSINESS
September 30, 2013 | By Ricardo Lopez
Coca-Cola fizzled in 2013, falling two spots from its ranking as the world's most valuable brand, according to a closely watched report released Monday. Coca-Cola was replaced by Apple in the 2013 report by Interbrand, a brand consulting company owned by the  Omnicom Group .  The report ranks companies based on a factors including financial performance and brand loyalty. The global report ranks companies that have a presence on at least three major continents.  In its latest rankings, Interbrand estimated the worth of Apple's brand to be $98.3 billion, up 28% from the year before.  The introduction to Apple's description reads like a gushing tech review: "Every so often, a company changes our lives, not just with its products, but also with its ethos," the report begins.
ENTERTAINMENT
August 8, 2013
Prolifically produced for almost 40 years, "El Grande de Coca-Cola" has been directed by Alan Shearman and starred Ron House since its inception. Formerly two acts, the play has been judiciously pared to a breezy 75 minutes — and the comic momentum never flags. Wearing a hairpiece that looks like a small animal in distress, House is the linchpin of a superlative, marvelously agile cast. Ruskin Group Theatre, 3000 Airport Road, Santa Monica. 8 p.m. Fridays-Saturdays, 2 p.m. Sundays.
ENTERTAINMENT
July 23, 2013 | By F. Kathleen Foley
Since it was first produced in London almost 40 years ago, “El Grande de Coca Cola,” a farcical revue set in a third-rate cabaret somewhere south of the border, has been widely produced worldwide. Alan Shearman and Ron House, who share co-writer credits with Diz White and John Neville-Andrews, both starred in the hit 1973 off-Broadway run, which ran three years, and a subsequent, less successful 1986 revival. Now, Shearman and House return to their inspired folly in a reprise production at the Ruskin Group Theatre.
BUSINESS
July 16, 2013 | By Ricardo Lopez, This post has been corrected. See the note below for details.
Coca-Cola Co. earnings Tuesday showed the beverage maker's key business -- soft drinks -- is fizzling as more health-conscious Americans drink less soda. The company's second-quarter volume growth came in well below expectations, showing declines in some parts of the world. Executives blamed currency exchange head winds, weak consumer confidence and wet, chilly weather. Net income for the quarter that ended June 28 fell 4% from the year-earlier quarter to $2.68 billion . Adjusted earnings came in at 63 cents a share.
SPORTS
May 26, 2013 | Staff and wire reports
Kevin Harvick pulled away from Kasey Kahne on a restart with 11 laps left to win the Coca-Cola 600 for the second time in three seasons, a race stopped for nearly 30 minutes Sunday night when a TV camera support rope snapped. Kahne led 156 laps and appeared to have the strongest machine in NASCAR's longest race, at Charlotte Motor Speedway in Concord, N.C. But Harvick took the low line following the last of 11 cautions and slowly pulled away. Kahne finished second, Kurt Busch third and polesitter Denny Hamlin was fourth in his second full race since returning from injury.
BUSINESS
January 14, 2013 | By Tiffany Hsu
Coca-Cola, the world's top beverage company and perennial target for critics of sugary drinks, is taking an unusually public stance on obesity by defending its health initiatives on prime-time television. In a two-minute advertisement set to debut tonight on cable news channels, the Atlanta company will tackle what it calls the “complex challenge of obesity.” In a spot called “Coming Together” - a name reminiscent of Starbucks' recent effort to get fiscal cliff negotiations moving - Coca-Cola will showcase its efforts to be transparent about the nutritional content of its products while also expanding its lineup of better-for-you beverages with low or no calories.
BUSINESS
February 10, 2010
Coca-Cola Co. said Tuesday that its fourth-quarter profit rose 55% as sales grew in China and India. Net income increased to $1.54 billion, or 66 cents a share, from $995 million, or 43 cents, a year earlier, the Atlanta company said. Earnings per share matched analyst estimates compiled by Bloomberg. Revenue increased 5.4% to $7.51 billion, the company said. Sales by case volume grew 29% in China and 20% in India, helping boost global volume 5% and offsetting declines in North America.
BUSINESS
May 20, 2013 | By Tiffany Hsu
That deep dish pizza or juicy burger from the restaurant you're just too busy (or lazy) to drive to yourself could be within reach, as major online takeout ordering services Seamless North America and GrubHub Inc. move to combine into a single company. If regulators approve the deal, the businesses' remote ordering capabilities will extend to more than 20,000 eateries in more than 500 U.S. cities. GrubHub alone lists 250,000 menus on its site. The companies said in a statement that they expect the merger to help broaden their networks and product offerings, boost innovation and pull in more of the corporate clientele that Seamless is known for attracting.
BUSINESS
May 8, 2013 | By Tiffany Hsu
Coca-Cola is making major promises to fight obesity - ceasing advertisements directed at kids, slapping calorie counts on all its packaging - as the soda giant stares down a rising tide of concern over sugar-stuffed beverages. On Wednesday, as part of an initiative it's calling Coming Together, the Atlanta company made a series of pledges that also involved offering low- or no-calorie drinks globally and backing of physical activity programs. Coca-Cola said its new rules, announced in part to commemorate the brand's 127 th anniversary, will apply in more than 200 countries where it does business.
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