January 24, 2007 |
Coca-Cola Co. has reached an agreement with an unsigned London ska band over the global soft drink giant's use of the band's material in TV ads. The band, called 7 Seconds of Love, had argued that Coke used its video and song "Ninja" without permission in a South American commercial for Coca-Cola Light. Coke agreed this week to an out-of-court settlement. The ads have been taken off the air, and the band retains all the rights. The amount of the financial settlement wasn't disclosed.
January 15, 2007 |
Prosecutors say a former Coca-Cola secretary took confidential documents from the beverage giant and samples of products that hadn't been launched with the aim of selling them to rival Pepsi. Her lawyer says she was duped by two ex-cons and didn't commit a crime. A jury will be asked to determine who is telling the truth. The process of selecting that jury starts Tuesday in the trial of Joya Williams. Williams, who was fired as an administrative assistant to Coca-Cola Co.'
December 8, 2006 |
Coca-Cola Co. said Thursday that it had promoted its president of international operations, Muhtar Kent, to chief operating officer effective immediately, making him a leading candidate to succeed Chief Executive E. Neville Isdell. Kent, 54, who first joined Coke in Atlanta in 1978, was most recently COO of its North Asia, Eurasia and Middle East Group. Coke has not had a COO since 2004. The position makes Kent responsible for all the beverage company's operating units worldwide.
November 3, 2006 |
Coca-Cola Co. said it would be able to sell its own brands of canned coffee and tea for the first time in 15 years after amending an agreement with Nestle. Coca-Cola and Nestle of Switzerland are changing the terms of a venture that required them to jointly develop tea or coffee drinks. The venture will focus solely on black tea, freeing Atlanta-based Coca-Cola to sell its own coffee and green-tea drinks.
October 24, 2006 |
Two men accused of plotting with a secretary at Coca-Cola Co. to steal trade secrets from the world's biggest soft-drink maker and trying to sell them to archrival PepsiCo Inc. each pleaded guilty Monday to one count of conspiracy. Ibrahim Dimson and Edmund Duhaney each could face as much as 10 years in prison and a $250,000 fine when they are sentenced Jan. 29. Former Coca-Cola secretary Joya Williams is scheduled to stand trial starting the week of Nov. 13.
September 11, 2006 |
The haunting Arabic prayer chant echoed among the sterile plastic rows of Coke and Fanta, seeking Allah's blessing for the only major business to open in Afghanistan in more than a decade. Coca-Cola, with its distinctive red-and-white logo, has come to Kabul in what is at once a sign of economic progress and a symbol of the failure of large businesses to open up in the five years since the fall of the hard-line Islamist Taliban.
September 2, 2006 |
Competition in caffeinated drinks is about to heat up with Coca-Cola Co.'s planned launch of premium brewed tea and coffee, a move it plans to announce next week in Toronto. The world's biggest drink company has been experiencing sluggish sales in developed markets as consumers shift from sugary sodas to healthier low- or no-calorie drinks such as flavored waters.
August 26, 2006 |
Coca-Cola Co. was sued Friday as part of an effort by parents to force soft-drink makers to eliminate ingredients in their products that can form cancer-causing benzene. The complaint against the soft-drink giant came as two smaller companies settled a lawsuit over benzene, which is linked to leukemia. "I think if they understand that consumers, and perhaps courts, expect them to eliminate this problem, they will," said Boston lawyer Andrew Rainer, who represents the parents.
August 21, 2006 |
One of E. Neville Isdell's goals when the former Coca-Cola Co. manager returned as chief executive in 2004 was to perk up U.S. sales by selling more water and sports drinks, as PepsiCo was doing to propel growth. This year he introduced more than two dozen noncarbonated drinks, including flavored Dasani water and a grape version of Powerade, a rival to PepsiCo's Gatorade. Coca-Cola's sales volume of non-soda beverages rose 7% in the second quarter. PepsiCo's jumped 23%.
July 12, 2006 |
Three people were indicted in Atlanta on a conspiracy charge arising from what prosecutors say was a plot to steal confidential information from Coca-Cola Co. and sell it to a competitor. The federal grand jury indictment charges Joya Williams, Ibrahim Dimson and Edmund Duhaney with a single count of conspiracy. Each pleaded not guilty during an arraignment hearing. U.S. Magistrate Judge Joel Feldman ordered Duhaney and Dimson detained pending trial. Williams was previously released on bond.