January 15, 2013 |
A perennial target for critics of sugary drinks, Coca-Cola Co. took to prime-time TV broadcasts to acknowledge its role in the fattening of Americans - and to defend itself. In a two-minute advertisement that was to debut Monday night on cable news channels, the world's top beverage company addressed what it called the "complex challenge of obesity. " In a spot it called "Coming Together" - a similar phrase Starbucks Corp. used in the fall to try to get fiscal cliff negotiations moving - Coca-Cola showcased its efforts to be transparent about the nutritional content of its products and to expand its line of drinks with low or no calories.
December 21, 2012
Re "Calculating the cost of living," Editorial, Dec. 19 The editorial about the proposal to change to a "chained-CPI" for calculating cost-of-living increases for Social Security entirely misses the problem with using this type of calculation. It mentions that the current calculation doesn't consider the fact that if prices rise on meat, seniors on fixed incomes may replace meat with pasta. The proposed changes, however, will necessitate that seniors continually downgrade their standard of living, eventually to the point that it won't be a choice between meat and pasta but between dog food and cat food.
October 15, 2012 |
Senior citizens are braced for Tuesday's announcement of how much more money they will get from Social Security, an automatic increase that is expected to come in at less than 2%, one of the smallest since the Cost of Living Adjustment first began in 1975. The increase, also known as a COLA, is tied to the rise of consumer prices, which has been running at an annual rate of about 1.5%, according to federal figures. The formal announcement, which will include September's rate of inflation available on Tuesday, is expected to be around that number.
October 11, 2012 |
Maybe it was the soaring unemployment, or possibly the deep debt crisis. But as Greece struggles with its myriad troubles, its largest company, Coca-Cola Hellenic, is jumping ship to more stable ground. The company, one of the world's largest Coke bottlers, is the biggest Greece-based company by market value, at $7.6 billion. But on Thursday, the company said it is switching its main stock listing from Athens to London and relocating its corporate headquarters to Switzerland as it looks to "enhance liquidity" for shareholders.
July 31, 2012 |
Will.i.am, the Black Eyed Peas member and occasional movie star, has a pretty good handle on being cool. And Coca-Cola Co. is betting he can transfer his hipness into a new line of recycled gear. The green-goods industry has been growing in recent years but is still struggling with a perception among many mainstream consumers that recycled products are drab-looking and overpriced. The will.i.am partnership aims to sex up that image with the Ekocycle line, which will attempt to make green living "aspirational yet attainable" with partners such as Dr. Dre and New Era and products such as $349 headphones and $32 hats.
June 26, 2012 |
Coca-Cola Co., the world's largest soft-drink maker, plans to spend a total of $7 billion on India through 2020 as it attempts to take advantage of the country's changing consumer tastes. The company will add a $3 billion investment to the $2 billion plan it announced in November, Chairman and Chief Executive Muhtar Kent said Tuesday . Coca-Cola has already put more than $2 billion into its India operations since re-entering the country in 1993. To compare, $7 billion is the same amount that R. Allen Stanford was convicted of bilking from investors in one of the U.S.'s largest Ponzi schemes . Locally produced foods sold at U.S. farmers markets, roadside stands or by middlemen brought in $7 billion in revenue last year . Last month, the L.A. City Council approved a $7.2 billion budget . Coca-Cola abandoned India in 1977 when government regulations required it to partner with a local company.