Coke scales back goals
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NEW YORK - Coca-Cola cut its long-term growth targets Thursday in a bid to create more realistic goals, but the company also expressed a firm belief that it can find ways to recharge its global business.
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Coca-Cola&#39;s chief executive yesterday said the world&#39;s largest beverage maker needs to work harder, better execute its strategy, and improve its culture
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Coca-Cola warned that its earnings will fall short of forecasts, pointing to competition in North America and poor weather in Europe.
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ATLANTA - Coca-Cola Enterprises Inc., the largest bottler of Coca-Cola products, lowered its full-year earnings outlook and put its third-quarter forecast below analysts&#39; expectations due to softer-than-expected volume trends.
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Soft drink giant Coca-Cola Co. , stung by a prolonged downturn in North America and other markets, announced on Thursday that it was lowering key  long-term earnings and sales targets.
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The Coca-Cola Co. has agreed to change sales practices that helped it win roughly half of the soft drink market in Europe as part of a settlement of a long-running antitrust investigation by the European Union.
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LAUNCHED in a fizz last summer C2, Coca-Colaâs low-carb, low-calorie beverage, was supposed to usher in a new era of soft drinks and hard profits at the Atlanta-based soft-drinks giant.
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The Coca-Cola Co. is forecasting weakness in its key markets next year and is scaling back its long-term targets for earnings and sales volume growth.
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Coca-Cola is putting an end to a 5-year-old antitrust investigation in the European Union by agreeing to stop business practices that were viewed as unfair.
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Coca-Cola Enterprises Inc.  said on Tuesday it took a $2.9 billion impairment charge in 2006, and the largest bottler of Coca-Cola  drinks plans to cut about 3,500 jobs, or 5 percent of its global work force.
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Coca-Cola Co.  faces a long-term threat to its future from falling global water resources and will reduce the amount of water that goes into making its drinks, its chief executive said on Tuesday.
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Coca-Cola Co., said its second-half earnings will decline because of sluggish sales in North America and Europe. Its shares are traded at the lowest level since May 2003.
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Coke is defending its position as the beverage king of the world.
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Coca-Cola Enterprises Inc. CCE.N, the  world's largest bottler of Coca-Cola soft drinks, on Thursday  forecast its earnings in 2005 would be at the lower end of the  range of analyst forecasts, and its shares fell.
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Soft drink giant Coca-Cola Co. (KO.N: Quote, Profile, Research) , stung by a prolonged downturn in North America, Germany and other major markets, on Thursday lowered its key long-term earnings and sales targets.
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In January, Coke plans to introduce an energy drink called Full Throttle. Coke hopes it will be a better competitor than an earlier entry, the slow-selling KMX.
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Soft drink giant Coca-Cola Co. KO.N,  stung by a prolonged downturn in North America and other  markets, announced on Thursday that it was lowering key   long-term earnings and sales targets.