Consumer Staples |
The world's largest spirits maker, Diageo PLC, disappointed the market Wednesday, announcing that sales fell 6 percent in its most recent quarter.
The British maker of Smirnoff vodka, Captain Morgan rum and Guinness beer reported the sales decline for its July-September first quarter, compared to analyst forecasts for an average 2.3 percent fall in sales in a Reuters poll of six brokers.
Oct 14 · 3:02:00 PM · Source: Reuters
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by Larry Etter
Coca-Cola today announced a new can design and size for its classic Coke product.
The new can is shorter and slimmer in size and contains 7.5 ounces and 90 calories of the beverage and will be available in 8-packs. The new announcement comes on the heels of the company’s partnership with the Healthy Weight
Commitment Foundation, which advocates a common-sense approach to helping
reduce obesity by 2015.
Oct 14 · 2:50:00 PM · Source: Reuters
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by Michael Oliveto
Wal-Mart said on Wednesday it will begin offering two new no-contract wireless service plans at its U.S. discount stores, including a $30 prepaid plan that includes 1,000 minutes.
The new plans will likely put pressure on rivals Leap Wireless International Inc, MetroPCS, and Sprint Nextel unit Boost.
Oct 14 · 11:54:00 AM · Source: Reuters.com
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by Rich Pike
Walgreen profit fell to $436 million, or 44 cents per share, in the fiscal fourth quarter ended Aug. 31, from $443 million, or 45 cents per share, a year earlier.
Analysts, on average, had expected a profit of 39 cents per share, according to Reuters Estimates. Walgreen is beginning to benefit from a make-over that includes sprucing up stores and cutting jobs.
Oct 14 · 11:46:00 AM · Source: CNBC.com
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by Rich Pike
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