Coke moves to reverse sales slump
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NEW YORK - Coca-Cola Co. will refocus its attention on staunching a sales slump, as well as restructuring a profit-sharing arrangement with Coca-Cola Enterprises Inc.
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Coca-Cola Enterprises, the largest bottler of Coca-Cola, said yesterday that it planned to cut about 3,500 jobs, or 5 percent of its global work force, after taking a $2.9 billion impairment charge in 2006.
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Coca-Cola ended a five-year battle with the European Union yesterday, agreeing to change the sales practices that helped to make it so successful.
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NEW YORK, October 22  - Coca-Cola Company (KO.NYS) reported a 24% decline in its 3Q04 profits, driven primarily by the sluggish sales of its soft drink, juice and bottled water products in the US and European markets.
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Business & money: Sales back into positive territory after double-digit decline suffered earlier this year.
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The Coca-Cola Company is lowering its long-term earning and sales targets. In a statement today (11 November), the company added that continued weak performance in certain key markets was expected in 2005 as operational issues are addressed.
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LONDON - A former Wall Street stockbroker plans to start a hedge fund in an ambitious drive to halve the value of Coca-Cola&#39;s shares within 12 months.
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Coca-Cola cut its long-term growth targets yesterday 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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BRUSSELS -- Coca-Cola agreed Tuesday to dramatically change the way it sells soft drinks in Europe, ending a five-year investigation into allegations that Coke abused its power to keep rivals out of the market.
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Coca-Cola Co. moved closer to settling a five-year European Commission antitrust probe after regulators said an offer from the world&#39;s biggest soft-drink maker to revamp its sales practices is ``very good.
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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.
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Coca-Cola Co. on Thursday reported a sharp drop in quarterly net income due to weak sales of its soft drinks, juices and bottled waters in Germany and other key markets.
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Coca-Cola Enterprises Inc. , the world's largest soft-drink distributor, will cut 3,500 jobs after posting its worst loss in at least 10 years on a $2.9 billion reduction in the value of its North American unit.
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Coca-Cola Co. on Wednesday said earnings for the remainder of 2004 would lag current expectations because of weakness in key markets.
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COCA-COLA has warned that its earnings for the rest of 2004 will be below expectations because of weakness in key markets, highlighting the divergent fortunes of the company and its top rival, PepsiCo.
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COCA-COLA has reported a 24 per cent plunge in third-quarter net income due to weak sales of its soft drinks, juices and bottled waters in Germany, North America and other key markets.
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Coca-Cola Co. KO.N, the world's  largest soft-drink maker, on Wednesday reported higher  fourth-quarter net income as it benefited from the weak U.S.  dollar, lower taxes and a late-year surge in demand for its  beverages.