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Coca-Cola (KO)

Coca-Cola Co. said Tuesday its fourth-quarter profit rose 55%, $ to 1.54 billion, or 66 cents a share, in the period vs. $995 million, or 43 cents a share, in the same quarter a year ago. Revenue at the Atlanta-based company rose to $7.51 billion from $7.13 billion.
A gain in volume was the good news, and helped send the stock up at the opening.

Feb 9 · 12:19:00 PM
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by Michael Oliveto

Supervalu (SVU)

Supermarket company Supervalu, whose regional brands banners include Albertsons and Jewel-Osco, posted net income of $109 million, or 51 cents a share, for its fiscal third quarter. In the year-earlier period, it had a net loss of $2.94 billion on a massive non-cash charge. Sales in the latest period fell to $9.22 billion from $10.17 billion.
Earnings topped expectatations and it maintained its full-year forecast.

Jan 12 · 11:12:00 AM · Source: Company News Release
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by Larry Etter

Pepsico (PEP)

PepsiCo made public a financial forecast prepared by PepsiAmericas when considering PepsiCo's unsolicited $7.8 billion takeover bid for its two largest bottlers.
According to a securities filing, PAS said PepsiCo would have earnings per share of $3.69 in 2009, $3.98 in 2010, $4.30 in 2011 and $4.71 in 2012. PepsiCo launched its takeover bid for two bottlers, Pepsi Bottling Group Inc and PepsiAmericas, in April, and struck a deal in August after sweetening its offer. The transaction is expected to close by the end of the first quarter 2010 and aims to improve the North American operations of the world's second-largest soft drink maker.

Jan 1 · 3:51:00 PM · Source: Reuters · Related: Pepsi Bottling Group
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by Michael Oliveto

Pepsico (PEP)

International Dairy and Juice Limited, a joint venture between PepsiCo and Almarai Company Limited, announced that it has acquired Egypt's International Company for Agro-Industrial Projects (Beyti), a producer of high-quality dairy and juice products.
International Dairy acquired the 100% stake in Beyti from Almarai, which acquired it in October 2009 and transferred it to the joint venture at cost. Financial terms of the transaction were not disclosed.

Jan 1 · 3:47:00 PM · Source: Reuters
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by Michael Oliveto

Pepsico (PEP)

Suntory Holdings Ltd. plans to sell beverages in China through a distribution alliance with PepsiCo Suntory spokeswoman Aya Takemoto said.
The companies plan to sign a contract next month to allow two Suntory dairy products to be distributed through regional PepsiCo-affiliated sales companies, she said. Suntory aims to increase Chinese beverage sales fivefold to 20 billion yen ($219 million) in 2012 from 2009 through the alliance with PepisCo.

Jan 1 · 3:44:00 PM · Source: Bloomberg
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by Michael Oliveto

Walmart (WMT)

The daughter of the 85-year-old Columbia, LA woman killed by a falling display rack at the Walmart Supercenter Store in West Monroe, LA has filed a lawsuit against the nation's leading retailer.
Christine Walker Partin of Bossier Parish has filed a petition for damages against Walmart and Walmart Louisiana after a store fixture with holiday towels fell on Margie Collins Walker Davis on November 20. Davis had emergency surgery at St. Francis Medical Center that day and died the following day. The lawsuit states her injuries included multiple brain hemorrhages; a large subdural hematoma; swelling and bruising around her right eye; and linear fracture of the left parietal skull bone.

Dec 31 · 2:34:00 PM · Source: The News Star
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by Michael Oliveto

Procter & Gamble (PG)

Procter & Gamble plans to expand its Art of Shaving retail chain to as many as 140 locations in the United States, up from fewer than 40 today.
The pricey shaving chain, founded in New York in 1996, was acquired by P&G in June to extend the reach of its Gillette shaving brand. The strategy is unlikely to create conflict with traditional retail customers because the Art of Shaving targets a different demographic. Prices of its razor handles, for example, can be as much as $500. Its Web site is offering a sterling silver shaving set for $1,700, reduced from $3,400.

Dec 31 · 2:02:00 PM · Source: Business Courier
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by Michael Oliveto

Coca-Cola (KO)

California-based Hansen is in discussions with Coca-Cola and some of its main bottlers, hoping to get Peace Tea into the Coke distribution system in a matter of weeks.
The ready-to-drink tea category already includes market leader AriZona as well as drinks from Snapple, Coca-Cola and Pepsi. As the North American beverage business struggles through a recession, ready-to-drink teas have posted modest 1.8 percent sales growth this year, Beverage Digest reported in November.

Dec 31 · 12:24:00 PM · Source: AJC
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by Michael Oliveto

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