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Food and Beverage Beverages

  • **Glencore has increased its hold on Democratic Republic of Congo's copper and cobalt resources by buying the remaining stake in the Mutanda mine from resource group Fleurette and increasing its share in Katanga for a total of $960 million. **Grupo Seb do Brasil said it had agreed to buy 95 percent of Maple Bear Global Schools Ltd's operations in Brazil for $50...

  • SAO PAULO, Feb 13- Brazilian orange juice producers ended 2016 with the lowest level of stocks on record, as sagging processing yields and a smaller crop reduced output in the world's largest exporter. The industry group said frozen, concentrated orange juice stocks at the end of the crop year on June 30 are projected at 70,290 tonnes, or enough for three weeks of...

  • **South Africa's biggest cement maker PPC Ltd is in merger talks with its nearest rival Afrisam Group, seeking to overcome valuation squabbles that sunk previous tie-up efforts. **Japan's Kirin Holdings Co said it would sell its Brazilian unit to Heineken NV subsidiary Bavaria S.A. for 2.2 billion Brazilian reais. **Dalian Wanda Group, owned by China's richest man...

  • **South Africa's biggest cement maker PPC Ltd is in merger talks with its nearest rival Afrisam Group, seeking to overcome valuation squabbles that sunk previous tie-up efforts. **Japan's Kirin Holdings Co said it would sell its Brazilian unit to Heineken NV subsidiary Bavaria S.A. for 2.2 billion Brazilian reais. **Dalian Wanda Group, owned by China's richest man...

  • SAO PAULO/ RIO DE JANEIRO, Feb 10- Brazil's one-time richest man Eike Batista will stand trial on corruption charges along with an ex- Rio de Janeiro governor who allegedly took millions in bribes from the former billionaire. Federal prosecutors on Friday leveled the charges against Batista, the former governor Sergio Cabral and seven other people accused for...

  • Get professional-grade cocktails delivered right to your door

    Do-it-yourself drink kit services deliver the necessary ingredients for a delicious, professional-grade cocktail right to your door.

  • SAO PAULO, Feb 10- Federal prosecutors on Friday leveled corruption charges against Eike Batista, Brazil's one-time richest man, along with a ex- Rio de Janeiro governor who allegedly took millions in bribes from the former billionaire, one of his nation's most boisterous backers amid a now busted commodities boom. In an emailed statement, prosecutors said the...

  • Which is better for investors: Coke or Pepsi?

    Nik Modi, RBC Capital Markets equity analyst, and CNBC'S Sara Eisen discuss the performance of soda giants Coca-Cola and PepsiCo and what investors should be watching in these companies.

  • Feb 9- Wall Street's three main indexes hit record intraday highs on Thursday after President Donald Trump said he would make a "phenomenal" tax announcement over the next two or three weeks. A post-election rally has sent Wall Street's indexes to record highs on bets that Trump would usher in an era of tax cuts, simpler regulations and higher infrastructure...

  • Feb 9- Wall Street's three main indexes hit record highs on Thursday, amid gains across sectors, led by financial and energy stocks. The S&P 500 financial index rose 1.06 percent and was on track to snap a three-day losing streak after President Donald Trump said he would make a tax announcement in a few weeks. "The one thing that you can be certain about Trump is that...

  • Feb 9- Coca-Cola Co forecast a surprise drop in full-year profit as costs related to refranchising its U.S. bottling operations are expected to be higher than previously anticipated. The world's largest beverage maker's shares fell 3.1 percent to $40.73 in morning trading on Thursday. Coca-Cola has been offloading much of its low-margin bottling business...

  • Coke's Quincey: Need to look at core underlying business for growth

    Incoming Coca-Cola CEO James Quincey discusses the beverage giant's quarterly earnings, the transformation the company is undergoing and his forward outlook.

  • Feb 9- U.S. stocks rose on Thursday, with the Nasdaq hitting a record high, helped by higher oil prices. However, Wall Street's reaction to corporate earnings has been muted as investors remain cautious given the recent run-up in the market and policy uncertainty under newly elected President Donald Trump. "Investors are cautiously optimistic about the current...

  • Feb 9- Wall Street looked set to open slightly higher on Thursday as investors looked for catalysts in quarterly earnings and economic data. However, Wall Street's reaction to corporate earnings has been muted as investors remain cautious given the recent run-up in the market and policy uncertainty under newly elected President Donald Trump.

  • Feb 9- Coca-Cola Co forecast a drop in full-year adjusted profit, hurt by higher costs for refranchising its bottling operations in North America. Coca-Cola has been offloading much of its bottling business to cope with falling demand for carbonated beverages in North America. Net income attributable to the company's shareholders more than halved to $550...

  • Strong US dollar provides another year of headwinds for Coca-Cola:  Analyst

    Stephen Powers of UBS parses Coca-Cola's quarterly numbers and provides his outlook on the stock as a strong U.S. dollar provides headwinds for the company.

  • Feb 9- Coca-Cola Co reported better-than-expected quarterly revenue, helped by higher sales of its sodas in North America, its biggest market. Volume sales rose 1 percent in North America, including a 1 percent growth in sales of its carbonated soda drinks such as Sprite and Fanta. The fourth quarter included a $919 million charge related to the refranchising of...

  • NEW YORK— Coke is trying to slim down its business, not just its sodas. The Atlanta- based company said its profit fell 55 percent as global sales volume dipped and it booked charges related to getting out of the manufacturing and distribution of its drinks. Coca-Cola Co. has been selling those operations back to independent bottlers around the country and plans...

  • Feb 9- Coca-Cola Co reported a 6 percent drop in quarterly revenue, the seventh straight drop, hurt by high levels of inflation in certain Latin American countries and as a strong dollar reduced the value of sales outside the United States. Net income attributable to the company's shareholders fell to $550 million, or 13 cents per share, in the fourth quarter ended...

  • Coca-Cola bottles

    CNBC's Sara Eisen breaks down Coca-Cola's quarterly numbers.