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Coca-Cola 'recipe' finds teen buyer -- at $15 million

Agence France-PresseMay 16, 2013 15:15
What could be a World War II era recipe for Coca-Cola's secret formula found a buyer Wednesday on eBay -- a 15-year-old who now has three days to come up with $15 million to pay for it. Georgia antiques dealer Cliff Kluge listed the yellowing typewritten document -- found among papers at a Tennessee estate sale -- with an opening bid of $5 million and a buy-it-now price of $15 million as a publicity stunt.

Coca-Cola 'recipe' finds teen buyer -- at $15 million

Agence France-PresseMay 16, 2013 15:00
What could be a World War II era recipe for Coca-Cola's secret formula found a buyer Wednesday on eBay -- a 15-year-old who now has three days to come up with $15 million to pay for it. Georgia antiques dealer Cliff Kluge listed the yellowing typewritten document -- found among papers at a Tennessee estate sale -- with an opening bid of $5 million and a buy-it-now price of $15 million as a publicity stunt.

Coca-Cola 'recipe' finds teen buyer -- at $15 million

Agence France-PresseMay 15, 2013 20:45
What could be a World War II era recipe for Coca-Cola's secret formula found a buyer Wednesday on eBay -- a 15-year-old who now has three days to come up with $15 million to pay for it. Georgia antiques dealer Cliff Kluge listed the yellowing typewritten document -- found among papers at a Tennessee estate sale -- with an opening bid of $5 million and a buy-it-now price of $15 million as a publicity stunt.

Coca-Cola to return some distribution to U.S. franchisers

April 16, 2013 17:30
By Martinne Geller (Reuters) - Less than three years after spending billions of dollars to acquire most of its U.S. distribution operations, Coca-Cola Co <KO.N> is starting to sell it off again. Getting out of the capital-intensive, low-return business of delivering bottles and cans of soda to stores, restaurants and vending machines will improve margins. That, and a higher-than-expected quarterly profit on Tuesday, sent shares of the world's largest soft-drink maker up nearly 6 percent.

Coke Q1 earnings slip on sagging US, Europe sales

April 16, 2013 08:47
Soft drinks king Coca-Cola reported a fall in earnings for the first quarter Tuesday as sales sagged in the key US and European markets and restructuring costs hit North American profits. Coke's net income for the quarter to March 31 fell 14.8 percent to a lower-than-expected $1.75 billion, compared to $2.05 billion a year earlier. Operating revenues fell 1 percent to $11.04 billion, while operating income fell 4 percent to $2.41 billion. Earnings per share fell six cents to 39 cents.

Coke Q1 earnings slip on sagging US, Europe sales

April 16, 2013 08:46
Soft drinks king Coca-Cola reported a fall in earnings for the first quarter Tuesday as sales sagged in the key US and European markets and restructuring costs hit North American profits. Coke's net income for the quarter to March 31 fell 14.8 percent to a lower-than-expected $1.75 billion, compared to $2.05 billion a year earlier. Operating revenues fell 1 percent to $11.04 billion, while operating income fell 4 percent to $2.41 billion. Earnings per share fell six cents to 39 cents.

Coca-Cola reports lower profit, U.S. bottler deal

April 16, 2013 08:15
(Reuters) - Coca-Cola Co <KO.N> reported a slightly higher-than-expected quarterly profit on Tuesday and announced a deal to unload some distribution territory to five independent U.S. bottlers, sending its shares up nearly 3 percent in premarket trading. The transaction by the maker of Sprite, Fanta and Minute Maid is not a surprise, but comes earlier than expected.

Coca-Cola accused of illegal mapping in China

March 13, 2013 06:00
US soft drinks giant Coca-Cola is "cooperating fully" with Chinese authorities on allegations that it illegally mapped part of a southwestern province as part of its distribution operations, it said Wednesday. Coca-Cola was found to have "illegally collected classified information with handheld GPS equipment", yunnan.cn, a news portal run by party officials in Yunnan province, said last month, citing a provincial mapping bureau. The report did not provide further details on the case.

Greek Coke bottler gets UK approval for share swap plan

March 8, 2013 04:15
ATHENS, March 8 (Reuters) - A voluntary share exchange offer that will allow Greek Coke bottler Coca-Cola Hellenic (CCH) to move from Greece to Switzerland and list on the London Stock Exchange has been approved by the British authorities. CCH said last year it would move its base from cash-strapped Greece to tax-free Switzerland and switch its premier listing from Athens to London. A voluntary share swap offer by Swiss holding company Coca-Cola HBC AG. would facilitate the procedure.

UPDATE 1-Coca-Cola says did not intend Super Bowl ad to be derogatory

January 31, 2013 16:46
By Sue Zeidler LOS ANGELES, Jan 31 (Reuters) - Coca-Cola Co held what it called a "productive conversation" with an Arab-American group that labeled the firm's Super Bowl ad racist, but will not change the commercial featuring an Arab walking through a desert with a camel. "We did express regret that the ad had been misunderstood," Coca-Cola spokeswoman Lauren Thompson said in an email. "We are very concerned by these allegations and in no way is our ad meant to be derogatory to any group."
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