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Food and Beverage Beverages

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  • Coca-Cola: Diet Coke still struggling in US Wednesday, 22 Jul 2015 | 1:50 PM ET

    NEW YORK— Coca-Cola says sales of Diet Coke are still sliding as people continue gravitating toward foods they feel are fresh. Sandy Douglas, president of Coca-Cola North America, attributed the drink's declining sales to the move away from diet and frozen products in recent years, with people reaching for options they consider to be fresh or natural.

  • *Prices, sales volumes rise in North America. *Share buyback plan tightened to $2.0- $2.5 bln from $2- $3 bln. July 22- Coca-Cola Co on Wednesday reported higher-than-expected quarterly earnings and revenue as it raised prices and boosted sales volumes in North America, where it has struggled to grow as consumers ditch soda for healthier options.

  • SHANGHAI, July 22- China Securities Finance Corp reduced its stake in a major domestic dairy producer to below 5 percent in July, according to a statement posted on the website of the Shanghai Stock Exchange late Wednesday. CSFC, a state-owned margin lender leading Beijing's efforts to stabilize its wobbly stock markets, held two tranches of shares in Inner...

  • July 22- Coca-Cola Co reported a better-than-expected quarterly profit and sales as it raised prices to offset the impact of a strong dollar, and said it could spend lesser to buy back shares this year. The company bought a stake in energy drinks maker Monster Beverage Corp last year and bought the beverage business of a Chinese company in April to gain a foothold...

  • AMC Entertainment says CEO Lopez stepping down Aug. 6 Tuesday, 21 Jul 2015 | 11:27 AM ET

    NEW YORK— AMC Entertainment Holdings, the second-largest movie theater chain in the U.S., says president and CEO Gerry Lopez will leave the company in August. Class A shares of AMC Entertainment Holdings Inc. dropped $1.01, or 3.1 percent, to $31.89 Tuesday. AMC Entertainment Holdings Inc. has 347 movie theaters with almost 5,000 screens in the U.S. and Canada.

  • Blue Moon Brewing hops on IPA bandwagon Saturday, 18 Jul 2015 | 3:00 PM ET
    Blue Moon White IPA beer

    Twenty years after it launched, the time is right for Blue Moon Brewing to put its own spin on an IPA beer.

  • NEW YORK, July 15- Nelson Peltz, chief executive of hedge fund Trian Fund Management, said on Wednesday that losing a proxy battle with DuPont Co has proven to be a major blow to shareholders. "It has been a significant loss for shareholders," Peltz said at the CNBC Institutional Investor Delivering Alpha Conference in New York. Peltz also said that PepsiCo was...

  • JOHANNESBURG, July 14- Coffee giant Starbucks will open stores in sub-Saharan Africa for the first time next year after agreeing a deal with Taste Holdings on Tuesday, sending the South African company's shares soaring 20 percent. Under the exclusive agreement, Taste, which acquired the license for Domino's Pizza in South Africa last year, can operate...

  • YANGON, July 13- International brewers are trickling into Myanmar, betting that higher incomes and economic reforms will whip up a thirst for foreign beer in a market that has long been dominated by state-owned firms. Myanmar's beer industry is dominated by state-backed Myanmar Brewery, and beer consumption rates are some of the lowest in Asia at just 3.2...

  • *Coty to buy P&G's beauty business. July 9- Wall Street was set to open higher on Thursday after Beijing's efforts to halt a rout in Chinese stocks finally bore fruit and the U.S. The NYSE resumed operations late in the trading day after a technical problem forced a suspension for more than three hours in the biggest outage to hit a U.S. financial market in nearly two...

  • PEP earnings beat impressive? Not really: Pro Thursday, 9 Jul 2015 | 7:47 AM ET
    PEP earnings beat impressive? Not really: Pro

    Economic profit is still flat, says Ivan Feinseth, Tigress Financial Partners chief investment officer, sharing his thoughts on PepsiCo's quarterly results and why he thinks the snack business should be separated from beverages.

  • July 9- PepsiCo Inc reported better-than-expected quarterly profit and sales and raised its full-year adjusted earnings forecast as higher prices helped drive revenue growth in its beverages business for just the second time in nearly four years. Frito-Lay snacks sales in North America, PepsiCo's second-largest business, grew 2 percent to $3.45 billion...

  • US STOCKS-U.S. futures rise as China stocks rebound Thursday, 9 Jul 2015 | 7:12 AM ET

    *China's securities regulator, in its most drastic step yet to arrest a selloff on Chinese stock markets, banned shareholders with large stakes in listed firms from selling for the next six months. *About 30 percent has been knocked off the value of Chinese shares since mid-June, and for some global investors the fear that China's market turmoil will destabilize...

  • *Good African plans cafes in Washington, London. From his outlets in Kampala, Rugasira wants to expand his Good African Coffee cafes to Washington DC, London, and other African capitals. The idea is to sell cappuccinos and lattes with a' Made in Africa' story to draw customers who might otherwise go to America's Starbucks or Britain's Costa.

  • State of cognac market: Hennessy CEO Wednesday, 8 Jul 2015 | 5:20 AM ET
    State of cognac market: Hennessy CEO

    Bernard Peillon, chairman and CEO of Hennessy, discusses how his company is adapting to volatile market conditions.

  • July 6- Warren Buffett on Monday donated about $2.84 billion of Berkshire Hathaway Inc stock to the Bill and Melinda Gates Foundation and four family charities, as part of the billionaire's plan to give away nearly all of his wealth. The Gates Foundation, which focuses on improving education and health and reducing poverty, received about 15.76 million shares,...

  • July 6- Starbucks Corp said it would raise prices for some of its coffee beverages by 5- 20 cents in the United States from Tuesday. Starbucks, however, will leave the prices of some popular beverages such as the Grande Brewed Coffee and the Frappuccino unchanged in most U.S. outlets, it said on Monday. The price hike, which will be implemented "market-by-market and...

  • July 6- Warren Buffett on Monday donated about $2.84 billion of Berkshire Hathaway Inc stock to the Bill and Melinda Gates Foundation and four family charities, as part of the billionaire's plan to give away nearly all of his wealth. The Gates Foundation, which focuses on improving education and health and reducing poverty, receives the biggest share.

  • Despite crisis, Greeks not ready to give up espresso Saturday, 4 Jul 2015 | 10:36 AM ET

    ATHENS, July 4- They might be living through one of the worst economic crises of modern times, but for Greeks coffee remains an indispensable fuel for thought on the eve of a referendum that may decide their future in Europe. But few of them appear ready to forgo their trademark iced coffee, freddo or frappe, which can cost anywhere between 2 and 4.5 euros in downtown...

  • Keurig Kold, which will make everything from craft sodas to iced teas, is expected to launch in the fall, entering a space dominated by home-brewed cold drinks market leader SodaStream International Ltd.. SodaStream, the once fast-growing Israeli company whose investors have been watching the Keurig machine's introduction with trepidation, has seen its own...