Liam Dalton, Axiom Capital CIO & Chairman, discuses growth stocks, stock splits, and his expectations for Priceline.com and PepsiCo. "The effects in stock splits are not what they once were," he says.» Read More
BOCA RATON, Fla., Feb 21- Coca-Cola Co on Friday announced deals to sell bottling operations in Greater Chicago and Central Florida, as it slowly undoes its 2010 purchase of its North American bottler.
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The announcement from the world's biggest soda company came hours after rival PepsiCo was hit with a renewed push from billionaire activist investor Nelson Peltz to split its challenged North American beverage business from its more robust snacks operation.
Feb 20- Coca-Cola Co said Chief Financial Officer Gary Fayard would retire in May after serving the company for more than 20 years. Coke's shares were up 0.72 percent at $37.37 on the New York Stock Exchange on Thursday.
Happy Thursday. Today at the Morning Six-Pack we're going to eschew all the silly WhatsApp jokes and get straight to the news.
Some of the names on the move ahead of the open.
Just days ago, PepsiCo rejected Peltz's call to get it to spin off its slow-growing beverage business from its flourishing snacks division.
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*Sales fall 4 pct to $11.04 bln vs est $11.31 bln. Feb 18- Coca-Cola Co's quarterly global sales volumes rose less than the company estimated and fell in North America, but the company said it expects to restore sales momentum in 2014..
Feb 18- Coca-Cola Co's global sales volumes rose less than the company expected in the fourth quarter and fell in North America, sending its shares down as much as 4 percent. Coke, like rival PepsiCo Inc, has been battling declining soda sales in developed markets, especially the United States, as people reach for healthier options.
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Feb 18- Coca-Cola Co's global sales volumes rose less than it expected in the fourth quarter and fell in North America, sending its shares down almost 2 percent in premarket trading. Coke, like rival PepsiCo Inc, has been battling declining soda sales in developed markets, especially the United States.
Coca-Cola reported quarterly earnings matched analysts' expectations on Tuesday.
Treasurys rose after two days of losses as softer-than expected US data rekindled the view that the Fed could pause in reducing its asset buying.
Feb 13- PepsiCo Inc, rejecting a proposal by activist investor Nelson Peltz, said it had decided not to spin off its North-American beverage business, which posted another drop in sales in the fourth quarter.
Feb 13- Beverage cans maker Rexam Plc said it bought a 51 percent stake in Saudi Arabia's United Arab Can Manufacturing Ltd, a supplier to The Coca-Cola Co, for $122 million as part of its strategy to expand in emerging markets.
*Cisco falls after results, outlook. *Comcast to buy Time Warner. NEW YORK, Feb 13- U.S. stocks were set for a lower open on Thursday, weighed by a disappointing outlook from Cisco Systems and weaker-than-expected data on consumer spending and the labor market.
U.S. stock index futures signaled a lower open ahead of retail sales data and earnings from PepsiCo.
*Cisco falls after results, outlook. *Comcast to buy Time Warner. NEW YORK, Feb 13- U.S. stock index futures declined on Thursday, after a disappointing outlook from Cisco Systems and ahead of data on retail sales and the labor market.
*Wellness is "major, major platform of growth"- Nestle CEO. LONDON, Feb 13- Swiss food giant Nestle's deeper dive into healthcare by taking over the dermatology joint venture it had with L'Oreal suggests further deals in the space are likely.