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Latest KO News From Around the Web
Below are the latest news stories about Coca Cola Co that investors may wish to consider to help them evaluate KO as an investment opportunity.
Looking at the stock market today, the first thought that comes to mind is that it is divorced from economic reality Continue reading...
More people see ‘value’ and ‘quality’ in a brand’s politics — not products — as Facebook and other companies are finding out fast
Consumer brands across all categories are now in the spotlight as to where they stand on social issues. Then, just as businesses were starting to get back to their regularly scheduled marketing, the wave of long-overdue protests and conversations began in support of Black Lives Matter. Consumers expect transparency, accountability, and action.
Coca-Cola ([[KO]] +0.8%) plans to narrow its business focus by discontinuing its Odwalla juice business and a refrigerated trucking network that delivered fresh drinks to stores.The company will stop delivering Odwalla to stores by the end of this month and will pick up unsold inventory through August.Coca-Cola execs says the...
After spending several years evaluating its Odwalla brand of juice in an effort to find a way to make it profitable, Coca-Cola (NYSE: KO) announced that it is closing down the brand permanently. The move will end slightly less than 19 years of Coca-Cola ownership of the brand, which it acquired in October 2001 for $181 million. At the time, John Sicher, editor of Beverage Digest, called the acquisition "a very smart deal for Coke," while Odwalla CEO Stephen Williamson remarked that "the entrepreneurial spirit of Odwalla will be nurtured by the opportunity for growth that this new relationship presents."
Coca-Cola is closing its Odwalla juice business as well as a refrigerated-trucking network that delivers fresh drinks to stores. The moves will cut about 300 jobs, The Wall Street Journal reported. The Atlanta drinks giant will stop delivering Odwalla to stores by the end of July and will pick up unsold inventory through August, a spokesperson told The Journal.
DOW UPDATE Led by positive momentum for shares of Pfizer and Walt Disney, the Dow Jones Industrial Average is climbing Wednesday morning. Shares of Pfizer (PFE) and Walt Disney (DIS) have contributed to the index's intraday rally, as the Dow (DJIA) was most recently trading 28 points (0.
Investors who snapped up Austria's first "century bond" three years ago would have so far doubled their money, outpacing the racy Nasdaq composite with a total return of 101% in dollar terms. Last week, Austria received orders of almost 10 times more than it needed for a brand new 100-year bond, paying an annual coupon of just 0.85%, which was less than half the previous one. In price terms, Austria's 100-year bond from 2017 has matched the stargazing NYFANG+TM index, which includes the FAANGs of Facebook, Apple, Amazon, Netflix and Google-parent Alphabet.
Advertisements for more than 400 brands including Coca-Cola and Starbucks are due to vanish from Facebook on Wednesday, after the failure of last-ditch talks to stop a boycott over hate speech on the site. U.S. civil rights groups have enlisted the multinationals to help pressure the social media giant into taking concrete steps to block hate speech in the wake of the death of George Floyd and amid a national reckoning over racism.. Facebook executives including Carolyn Everson, vice president of global business solutions, and Neil Potts, public policy director, held at least two meetings with advertisers on Tuesday, the eve of the planned one-month boycott, three sources who participated in the calls told Reuters.
Each day, more household names join the list of brands suspending advertising on Facebook to protest what they say are the social network's failures to stop the spread of hate. On Monday alone, Adidas, HP, and Ford added their names to a list that already had Unilever, The North Face, Coca Cola, Honda and many others.