September 18, 1986 |
The State Department expressed disappointment today in the decision of the Coca-Cola Co. to sell its interests in South African companies. "The Administration is obviously disappointed although the U.S. recognizes that it is Coca-Cola's private decision to make," department spokesman Bernard Kalb said. "The U.S. has consistently maintained that American private businesses such as Coca-Cola have been effective proponents of positive change in South Africa."
July 31, 1989 |
Billionaire investor Warren E. Buffett said today he plans to seek government approval to boost his holdings in Coca-Cola Co. from almost 7% to 15%. The news sent Coke stock sharply higher and the share price rose $1.50 to $65 by midday in active New York Stock Exchange trading. In a filing with the Securities and Exchange Commission, Buffett's Berkshire Hathaway Inc. investment company said it intends to seek to buy as much as 15% of the soft drink and entertainment company's voting shares.
November 17, 2000 |
In the largest racial discrimination settlement in U.S. history, Coca-Cola Co. agreed Thursday to pay $192.5 million to settle allegations that it routinely discriminated against black employees in pay, promotions and performance evaluations. The soft drink giant will pay an average of $40,000 to some 2,200 current and former black employees who sued in federal court last year.
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%.
April 19, 2005 |
The Justice Department has abruptly ended without taking action its nearly 2-year-old criminal investigation of allegations raised in a whistle-blower lawsuit of accounting irregularities at Coca-Cola Co., the world's biggest soft-drink maker said Monday. Separately, the Atlanta-based company said it had reached a settlement with the Securities and Exchange Commission over its business practices in Japan.
April 21, 2014 |
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.
March 11, 1998 |
Breaking an exclusive 43-year partnership with the Walt Disney Co., Coca-Cola Co. walked away from a new contract as the sole soft-drink supplier at Edison International Field of Anaheim for the upcoming baseball season. Instead, Disney said Tuesday, it has signed a 10-year agreement with Pepsi-Cola Co. Financial terms weren't disclosed. Coke had the right to match Pepsi's Edison Field offer, but decided the price was too high, opening the door for Pepsi to the Disney kingdom.
December 9, 2010 |
Anyone who's seen "Idiocracy," the 2006 cult comedy set 500 years in the future when even announcements from the State Department are "brought to you by Carl's Jr.," won't be surprised by a recent civic trend. In cities all over the country, public spaces ? from bridges to state parks to school auditoriums ? are being offered up and sold as advertising space. A subway stop in Brooklyn is now "sponsored" by Barclays PLC, which will display its name on the platform. In Philadelphia, $3 million was enough to turn the Pattison Avenue train terminus into AT&T Station.
March 9, 1987
Los Angeles-based Pacific Arts Corp. named Scott Riklin chief operating officer. Riklin previously was director of business development for Coca-Cola's entertainment sector.
February 18, 1986
Coca-Cola has entered into an agreement in principle to sell the assets and certain liabilities of Embassy Home Entertainment to a new company to be controlled by Andre Blay, chairman and chief executive of Embassy Home Entertainment, for undisclosed terms. The agreement in principle is subject to the execution of a definitive-purchase agreement, the approval of Coca-Cola's board of directors and completion of financing.