July 16, 2013 |
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.
July 3, 2013 |
Media mogul Barry Diller is speaking up about his recent tiff with the Federal Trade Commission involving his stake in Coca-Cola Co. The executive behind the launch of Fox Broadcasting and a former chief executive of Paramount Pictures has agreed to pay $480,000 to resolve FTC allegations that he failed to properly disclose his purchases of Coke stock between 2010 and 2012. Because the purchases brought his holdings above $63.4 million, he was required to disclose them to the FTC but failed to do so, the agency said.
April 12, 2013 |
There was a period in my life when I had lunch every Saturday at Kokomo, a lunch counter in that odd part of Farmers Market between DuPar's and the place where they grind the horseradish. Kokomo had a rack of movie magazines to read while you waited for your malted, and it was famous for its overloaded hamburgers and its New Orleans-style egg dishes. But the dish I ordered every time was the grilled cheese sandwich - the torta de queso al carbon - which was a crunchy, toasty thing stuffed with smoky gobs of chipotles pureed with sun-dried tomatoes, a few leaves of cilantro, and melted cheddar and provolone cheese that oozed from the crisped, sourdough toast with every bite.
October 31, 2010 |
Question: How will changes at Coca-Cola Co. affect my stock? Answer: Coca-Cola has been ranked the most valuable brand worldwide for the last 11 years by Interbrand, the global branding firm. The world's largest maker of soft drinks, the company sells more than 3,300 products in more than 200 countries. Almost three-fourths of its revenue is generated outside the U.S. For example, the company recently predicted its sales in Peru would hit $1 billion within five years.
February 27, 2009 |
Coca-Cola Co. and joint-venture partner Nestle agreed to pay $650,000 in a settlement with 27 states over claims that Enviga green tea burns calories, resulting in weight loss. Connecticut Atty. Gen. Richard Blumenthal began an inquiry in 2007 seeking evidence that consumers who drink Enviga burn more calories than they take in. Blumenthal, who had said the claim might be "voodoo nutrition," led the coalition of states and the District of Columbia in the settlement.
October 16, 2008 |
Coca-Cola Co. said third-quarter profit rose more than analysts estimated as sales climbed in China and India. Net income increased 14% to $1.89 billion, or 81 cents a share, the Atlanta-based company said. Excluding some costs, per-share profit beat analysts' predictions by 6 cents. Sales rose 9.1%, with more than half the gain coming from favorable currency exchange rates.