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BUSINESS
October 18, 2001 | LISA GIRION, TIMES STAFF WRITER
Three Coca-Cola bottling companies agreed Wednesday to pay $20.2 million to 1,100 route salesmen in California to compensate them for back overtime in a settlement that is expected to fuel a spate of similar lawsuits in the state against companies with outside sales forces. The Coke settlement is the latest in a string of victories in overtime lawsuits filed by white-collar workers, who until now primarily have been managers and administrators.
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BUSINESS
February 14, 2007 | From the Associated Press
Coca-Cola Enterprises Inc., the biggest bottler of Coca-Cola beverages, said Tuesday that it would cut about 3,500 jobs, or 4.7% of its workforce, as it reported a whopping $1.7-billion loss in its fourth quarter. The Atlanta-based company said it expected to report a corresponding charge of about $300 million, which would be booked this year and in 2008.
BUSINESS
June 3, 2005 | Nancy Cleeland, Times Staff Writer
Teamsters production workers at Coca-Cola Enterprises Inc. on Thursday rejected a contract deal worked out by union negotiators to end an 11-day strike, and planned to resume picketing today at all seven local plants. The surprising news came after a scheduled ratification vote dragged into a contentious five-hour meeting between union leaders and rank-and-file members.
BUSINESS
October 7, 2008 | From Bloomberg News
Coca-Cola Co. agreed to distribute Hansen Natural Corp.'s Monster -- the bestselling energy drink in the U.S. -- in Europe, Canada and some U.S. states. Coca-Cola will expand Monster internationally and boost sales of the drink beyond the more than a quarter of the U.S. energy drink market Hansen already controls. The deal also widens Coca-Cola's lead over PepsiCo Inc. in energy drink sales.
SPORTS
May 7, 1989 | Associated Press
A shopping center developer and his son, both graduates of Notre Dame, will give the school one of the largest donations ever bestowed on an American university, the university announced. Developers Edward J. DeBartolo and Edward J. DeBartolo Jr. will donate $33 million for construction of a campus quadrangle that will include a classroom building and a performing arts center. "We hope that the thousands of students who follow us will benefit from the enhancement of the quality of educational opportunities at Notre Dame," said the elder DeBartolo.
BUSINESS
September 4, 1999 | From Associated Press and Bloomberg News
Coca-Cola Co. warned on Friday that its third-quarter earnings will fall short of analyst estimates because of a product recall in Europe, higher marketing costs and sluggish sales in struggling foreign countries. The world's largest soft-drink maker said it expects profit in the range of 34 to 35 cents a share for the third quarter, compared with 35 cents a year ago. It would be the fourth-straight quarter of lower earnings for Coke.
BUSINESS
June 5, 1996 | From Reuters
Coca-Cola Enterprises Inc. said Tuesday it will purchase the British bottling operation shared by Coca-Cola Co. and Cadbury Schweppes for $1.85 billion, a move that dramatically expands its presence in Europe. The deal, expected to close by Sept. 30, would make Atlanta-based Coca-Cola Enterprises the sole bottler of Coca-Cola and Cadbury Schweppes products in England, Scotland, Wales and the Isle of Man.
BUSINESS
February 15, 2007 | From Bloomberg News
Coca-Cola Co. said Wednesday that fourth-quarter profit fell 22% after its largest bottler wrote down the value of its North American unit on reduced soda sales and higher raw material costs. Net income declined to $678 million, or 29 cents a share, from $864 million, or 36 cents, a year earlier, Atlanta-based Coca-Cola said. Volume in North America will be weak in the first half of this year, Chief Financial Officer Gary Fayard said.
BUSINESS
June 2, 2005 | Nancy Cleeland, Times Staff Writer
Teamsters negotiators reached a deal with Coca-Cola Enterprises Inc. early Wednesday morning that, if ratified by members today, will end the union's 10-day-old strike against the company's seven Los Angeles-area bottling and distribution plants. "We're recommending ratification," said Patrick D. Kelly, secretary-treasurer of the International Brotherhood of Teamsters Local 952.
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