May 24, 2009 |
What to watch for in today's Coca-Cola 600: The race The Coca-Cola 600 is today at 2 p.m. PDT at Lowe's Motor Speedway. The former Charlotte Motor Speedway is a 1.5-mile quad-oval that seats 165,000. This year it celebrates its 50th anniversary. It's also the 50th running of the race, which was called the World 600 in its first year in 1960. The track filed for bankruptcy the next year but has recovered nicely since that time in the heart of NASCAR's hub. What makes it special?
May 3, 2009 |
In the world popularity contest, South Korea feels a little like the ugly duckling that wants everyone to know it's really a swan. Citizens flinch on hearing their country ridiculed as a place where politicians throw punches. They despair over a recent poll of foreigners in which four in 10 cited the nation's lack of "charm." Then there's the outlaw cousin to the north.
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 |
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.