Anheuser-Busch InBev NV has reported a10 percent drop in profit for fourth quarter of 2015. The brewer is suffering from sluggish market in the US. As a result, revenues for fourth quarter fell to $3.23 billion from $3.33 billion.
The soda maker Cott Corp posted fourth-quarter adjusted net income of US$3 million, boosted by the growth in the DS Services coffee and water home delivery business.
Berkshire Hathaway made a significant investment in the energy firm Kinder Morgan during the final three-month period of 2015. This investment activity highlights Berkshire's increasing bet on the oil sector.
Chobani, founded by billionaire Hamdi Ulukaya, turned down an offer made by Pepsico this Friday. The beverage giant wanted to buy out the majority stake in the Greek yogurt maker, but Chobani was only interested to sell the minority stake, resulting in the deal fallout.
Palestinian-American entrepreneur Zahi Khouri teamed up with Palestinian investors to build a Coca-Cola manufacturing plant in the Gaza Strip. This new factory would provide direct jobs for 250 people and indirectly support 1,000 local families. This move is one of the first and most significant economic development in Gaza after the end of the war in 2014.
The new financiers are all set to invest a good amount of money into futuristic campaigns. They wish to bring in a much-needed transformation to the numerous U.S. companies that have created a solid niche in the past few years by producing high returns.
A new Coca-Cola ad in Mexico has been taken down due to massive criticism that its depicts local indigenous groups poorly while also encouraging poor health.
A new video of the Coca-Cola polar bear mascot is circulating the web and has garnered over 700,000 hits in YouTube since it was posted last Monday. Santa Claus isn't the only Christmas icon people want to take picture with, as Coca-Cola's polar bear mascot grabs attention during a photo shoot.
Anheuser-Busch (AB) InBev NV, maker of the world's most famous beer has achieved a formal agreement to buy SABMiller PLC in a $106 billion deal. However, the deal will face a long process to pass regulatory approval in countries like from U.S., to India and China.
Report on Coca-Cola profit and revenue this quarter shows a drop of nearly 5%. A strong dollar has resulted to a less value in Coca-Cola revenue from outside North America. The global economic slowdown also affected Coca-Cola revenues resulting a revenue cutback.
Global soft drink major PepsiCo Inc is testing waters in mobile devices market. The US-based food and beverage company is in the process of launching Pepsi branded smartphones in the Chinese market shortly. However, Pepsi doesn't make mobile phones but acts as a licensing partner to market mobile phones under Pepsi brand.
In its effort to increase advertisement revenue, Twitter announces a global expansion for their self-service ads platform. According to Twitter, the service will now cover more than 200 countries from the previous only 33 countries.
In an unprecedented move, the stock price of world's most diversified business conglomerate fell 21 percent on the Wall Street. The shares of General Electric (GE) suffered biggest loss ever since the Black Monday in 1987 eroding the company's value by a whopping $53 billion.
When it comes to working out, all we want to do is to enhance our performance. Many sports drinks promise immediate energy that will get you moving for the gym. What we don't know is, most of these energy drinks have a hidden dark side - sugar and fat.
Facing a slump in the mail it had been delivering since the days of America's Revolutionary War, in 2012 the U.S. Postal Service began aggressively targeting e-commerce and lapsed customers as the way to salvage its declining business.