March 19, 2009 |
Coca-Cola Co.'s $2.4-billion bid to buy China Huiyuan Juice Group, rejected Wednesday by the Chinese government, is the biggest of a growing number of failed mergers and acquisitions in Asia. Analysts say the decision could hurt efforts by Chinese companies -- both state-owned firms and private ones -- to buy companies and assets around the globe.
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.
February 13, 2009 |
Coca-Cola Co. said its fourth-quarter profit fell 18% as it felt the effect of the stronger dollar and took several write-downs, but the world's largest soft drink maker sold more of its products around the world. The results, including a 4% increase in worldwide case volume, beat Wall Street estimates, and Coca-Cola's shares rose $3.12 to $44.39. The Atlanta seller of Sprite, Fanta, VitaminWater, Minute Maid orange juice and Nestea also plans to accelerate spending cuts and said it would save $500 million a year by 2011.
December 21, 2008 |
Coca-Cola Co. and PepsiCo Inc. will offer drinks with a no-calorie natural sweetener after the Food and Drug Administration said it had no objection to the use of the product made from the stevia plant. Coca-Cola said it would introduce Sprite Green using its version of the sweetener, which it calls Truvia, at youth-oriented events this month and plans a broader rollout next year. Two flavors of Odwalla juice sweetened with Truvia are being put on store shelves now, the company said.
December 20, 2008 |
Contrary to popular belief, poinsettias are not toxic to people or animals, suicides do not increase over the Christmas holidays, and sugar does not make kids hyperactive. Also, Wales winning the rugby grand slam does not influence the death of popes, and douching with Coca-Cola is not an effective contraceptive method.
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.
October 4, 2008 |
Deborah Anderson had heard the urban legends about the contraceptive effectiveness of Coca-Cola products for years. So she and her colleagues decided to put the soft drink to the test. In the lab, that is. For discovering that, yes indeed, Coke is a spermicide, Anderson and her team are among this year's winners of the Ig Nobel Prize, the annual award given by the Annals of Improbable Research magazine to oddball but often surprisingly practical scientific achievements.
July 4, 2008 |
What do the Mir spacecraft, Axl Rose and NASCAR have in common? They're all part of publicity stunts that could bring you some free junk food -- and help companies develop relationships with you, Mr. or Ms. Potential Customer. This weekend, if any of Coca-Cola Co.'s 13 sponsored drivers win in the NASCAR Sprint Cup Series, everyone in America can get a free 20-ounce bottle of Coke Zero by downloading a coupon from the company's website. A few months ago, Dr Pepper promised a free soda to everyone in America if Axl Rose puts out a new Guns N' Roses album in 2008.
July 4, 2008 |
Coca-Cola Co. agreed to settle a fraud lawsuit in which investors said they lost $1.75 billion after the soft-drink maker withheld information to boost its stock price. The $137.5-million settlement, filed in U.S. District Court in Atlanta, ends an eight-year battle. "We maintain these allegations are without merit and no admittance of wrongdoing is a part of this settlement," Coca-Cola said. Investors claimed that Japanese bottlers were forced to take excess syrup to boost sales, a practice called channel stuffing.
May 25, 2008 |
CONCORD, N.C. -- A 500-mile NASCAR race is grueling enough for its 43 drivers. But 600 miles? "It's going to be a long, long night," Jeff Gordon said of today's Coca-Cola 600 Sprint Cup race at Lowe's Motor Speedway. "It's going to be tough, it always is." When the race debuted 48 years ago with the opening of Lowe's (then called Charlotte Motor Speedway), the extra 100 miles were added to help it stand apart from the Indianapolis 500 on Memorial Day weekend.