AJE Group, the company that owns Big Cola, is battling Coke and Pepsi in Asian and Latin American markets. Financial Times reports.» Read More
July 23- PepsiCo Inc's higher-than-expected quarterly profit could give the company more ammunition against an activist investor who wants it to separate its snack and beverage businesses. The sales increases were partly a result of price hikes that PepsiCo implemented as it launched new products which usually command higher prices.
July 23- PepsiCo Inc reported a higher-than-expected quarterly profit and raised its full-year adjusted earnings forecast, helped by strong sales of snacks such as Lays and Doritos chips in North America. PepsiCo raised its full-year earnings per share growth forecast to 8 percent from 7 percent.
Coca-Cola Co. fell $1.21 or 2.9 percent, to $41.19. Dr Pepper Snapple fell$. 19 or. 3 percent, to $58.67. Molson Coors Brewing Co. rose$. 25 or. 3 percent, to $72.44.
*Chipotle rallies a day after results, Netflix slides. Netflix Inc, one of the market's biggest trading favorites over the past few years, reported a quarterly profit that more than doubled on Monday after the market closed. However, on Tuesday, Netflix shares fell 4.6 percent to $431.09 as the company's plans to expand in Europe were seen as eroding profits.
Coca-Cola Co. fell $1.25 or 2.9 percent, to $41.16. Dr Pepper Snapple fell$. 06 or. 1 percent, to $58.80. Molson Coors Brewing Co. rose$. 21 or. 3 percent, to $72.40.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. Advanced Micro Devices Inc. rose. 5 percent to $3.80 with 32,841,800 shares traded. Alcoa Inc. rose 2.8 percent to $17.09 with 30,732,200 shares traded.
July 22- Coca-Cola Co is still grappling with a problem even as sales of traditional Coke rise in North America: U.S. consumers are drinking less diet soda. But Coke reported lower-than-expected quarterly revenue as sales volume in North America, its biggest market, was flat partly because of a decline in diet Coke sales.
Coca-Cola Co. fell $1.26 or 3.0 percent, to $41.14. Dr Pepper Snapple fell$. 04 or. 1 percent, to $58.82. Molson Coors Brewing Co. rose$. 16 or. 2 percent, to $72.35.
ATLANTA— Coca-Cola Co. reported quarterly sales that fell short of Wall Street estimates on Tuesday as demand weakened for Diet Coke in North America. Globally, the world's biggest beverage maker, said sales volume rose 3 percent, boosted by gains in places including China, India, the Middle East and South Africa.
Muhtar Kent, Coca-Cola chairman & CEO, shares his thought on David Winter's comments that Coca-Cola needs to restore credibility with investors. Our equity plan is a good plan approved by the shareholders, says Kent.
Some of the names on the move ahead of the open.
Muhtar Kent, Coca-Cola chairman & CEO, shares his company's plans to grow its sparkling beverage brands globally.
July 22- Coca-Cola Co reported a 3 percent fall in quarterly net profit due to restructuring of its juice operations in Russia and the separation of its Brazilian bottling operations last year.
Many investors, including Jim Cramer, found the relative strength in stocks somewhat curious, given the widespread geopolitical unrest.
NEW YORK, July 21- Coca-Cola Co may have annual profits of about $9.3 billion, but that princely sum could fall short of what the world's largest soda maker needs to tempt would-be franchisees into taking over more of its regional bottling operations.
Bolthouse Farms will be setting up 'healthy snack stations' in stores with marketing ploys borrowed from junk food. USA Today reports.
A long hoped for improvement in the economy appears to be manifesting in second-quarter U.S. earnings, but the next two weeks could be the real test.
SYDNEY, July 21- Most Asian stock markets edged higher on Monday as investors set aside geopolitical concerns for the moment to focus on the generally upbeat flow of U.S. corporate earnings ahead of a host of results due this week. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 percent, with modest increases for most markets across Asia.
SYDNEY, July 21- Asian stocks were a fraction firmer on Monday as investors set aside geopolitical concerns for the moment to focus on the generally upbeat flow of U.S. corporate earnings ahead of a host of results due this week. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.24 percent, with small gains for most markets across Asia.
SYDNEY, July 21- Asian stock markets inched higher on Monday as investors set aside geopolitical concerns to focus on the generally upbeat flow of U.S. corporate earnings ahead of a host of results due this week. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.13 percent, while South Korea put on 0.4 percent.