Coke Enterprises takes $2.9 bln charge, cuts jobs
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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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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.  reported lower fourth-quarter earnings on Wednesday, hurt by an asset write-down at its largest bottler, but operating profit exceeded Wall Street expectations.
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Coca-Cola Enterprises Inc. CCE.N, the  world's largest bottler of Coca-Cola drinks, on Wednesday  lowered its earnings forecast for the year, citing lower-than  expected volume in North America and Europe.
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The company was forced to drop the sale price of its commercial supply business by nearly $2 billion, one of the first big buyouts to be renegotiated as a result of the recent credit squeeze.
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ATLANTA Coca-Cola, the world&#39;s biggest maker of soft drinks, said Thursday that it was scaling back its long-term targets for sales volume and earnings growth amid continuing weakness in key markets including North America.
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The record label EMI is planning to cut as many as 2,000 jobs as part of a restructuring strategy.
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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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Coca-Cola Co. KO.N, stung by a  prolonged downturn in North America and other markets, on  Thursday lowered key long-term earnings and sales targets.
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Coca-Cola yesterday sharply reduced its long-term profit and sales targets, reflecting the entrenched slump that the world&#39;s largest soft drinks firm has found itself in.
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Coca-Cola Enterprises Inc. (CCE.N: Quote, Profile, Research) , the world&#39;s largest bottler of Coca-Cola drinks, reported on Thursday a 20-percent drop in quarterly profit
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Coca-Cola Co.  said on Monday  that it had reached an agreement under which several of its  bottlers would dismiss two lawsuits against the world's largest  soft-drink company and two of its largest bottlers.
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Ford Motor Credit, the financial arm of   Ford Motor Co. F.N said on Thursday it would cut 2,000 jobs   -- almost a quarter of its staff in North America -- and close   branch offices in order to cut costs.
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Coca-Cola Co. , the world's largest soft-drink maker, on Wednesday reported lower fourth-quarter net profit, hurt by an $2.9 billion impairment charge at its largest bottler.
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The record label EMI is planning to cut as many as 2,000 jobs as part of a restructuring plan.
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The directors of Coca-Cola Co.   have approved the purchase of vitamin water maker Glaceau for  $4.2 billion in cash and Coke stock, the New York Times  reported on its Web site on Friday, citing an executive  involved in the talks.
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Coca-Cola reports a 24% drop in quarterly income on the back of weak sales of its soft drinks, juices and bottled waters.