February 20, 1987
Coca-Cola Co. on Thursday posted a 66.1% surge in fourth-quarter earnings over the same period a year earlier, largely due to sales from the initial public offering of stock in its bottling operations. The beverage, foods and entertainment giant earned $314.5 million in the final three months of 1986, compared to $189.4 million in the same period in 1985. Revenue rose 10.9% to $2.15 billion in the fourth quarter from $1.94 billion in the fourth-quarter of 1985.
October 18, 2001 |
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.
February 14, 2007 |
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.
June 3, 2005 |
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.
May 7, 1989 |
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.
September 4, 1999 |
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.
June 5, 1996 |
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.
February 15, 2007 |
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.
June 2, 2005 |
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.