Could caffeinated alcoholic drinks, which the FDA deemed unsafe for human consumption in November, turn out to be good for cars? A Virginia-based ethanol recycler, MXI Environmental Services, is turning those soon-to-be-banned …
Americans are returning to indulging in specialty foods the way they did before the recession, and they’ll likely make big purchases of these affordable luxuries during the holidays. A recent survey showed 63% of American consu…
Starbucks said Wednesday that it plans to grow its worldwide sales by expanding its 220 stores in mainland China to “at least” 1,500 by 2015. The world’s largest coffee chain also is planning to add stores in Brazil, Russia and…
Coca-Cola Company (KO) may increase its spending in China, according to CEO Muhtar Kent.
Coke, the world’s largest beverage company, will likely spend “a little more” than the $2 billion it had planned for China from 2009 to 2011, Kent told Bloomberg News.
“We’re ahead of our projections in investments,” Kent said.
China’s soft-drink market grew 11% in 2009, according to Euromonitor…
Continue reading Coca-Cola May Boost Investment in China
Coca-Cola May Boost Investment in China originally appeared on DailyFinance on Mon, 01 Nov 2010 06:29:00.
Filed Under: Company News, Coca-Cola Company, Retail
The Coca-Cola Company (KO) reported earnings of 88 cents per share for the third quarter, up 9% from a year earlier.
Net revenue rose 5% to $8.4 billion in the quarter, boosted by a strong performance in the North American market, the company said in a statement. International volume also rose 6% in the quarter.
“We are very pleased with our third quarter performance,” CEO Muhtar…
Continue reading Coca-Cola Earnings Rise to 88 Cents Per Share
Coca-Cola Earnings Rise to 88 Cents Per Share originally appeared on DailyFinance on Tue, 19 Oct 2010 08:24:00.
Filed Under: Company News, Earnings, Coca-Cola Company, Retail