Diet Coke has topped rival Pepsi-Cola for the first time to become the second-most popular soft drink in the country behind Coca-Cola. This marks a victory for the Atlanta based Coca-Cola Co. as its sodas now hold the top two rank
Financial terms of the transaction were not disclosed.
Honest Tea's founder and chief executive officer Seth Goldman, who reinvested most of his proceeds from the sale back into the brand, will continue to run the business, the report stated.
KO initially bought a stake in Honest Tea three years ago, with an option to buy the rest, the report added.
Coca-Cola (KO) has announced that it has purchased the remaining stake in Honest Tea to complete the acquisition of the bottled tea and juice seller, Reuters reported.
Shares of Coca-Cola Co. (KO) are higher after the soft drink maker said its board boosted the company's dividend by 7% to 47 cents a share from 44 cents.
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Consumer shares are mixed in pre-market trading as several big sector names reported earnings that delighted investors. Topping early movers, Coca-Cola (KO) shares are higher after it reported Q4 adjusted EPS of $0.72, up 9% from
On Monday, Humana, Hasbro, Lorillard and Sysco all report their earnings and you can also expect economic data on Consumer Credit.
On Tuesday, look for earnings from Martin Marietta, Sara Lee, NYSE Euronext, Walt Disney, OpenTable, Take-Two Interactive and Evergreen Solar.
Wednesday, Intercontinental Exchange, Coca-Cola Co, Polo Ralph Lauren, Akamai Technologies, Allstate Corp, MetLife, GSI Commerce, Terex, Activision Blizzard, Whole Foods and Cisco Systems all make their quarterly
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Looking ahead at next week, it's looking to be filled with plenty of earnings reports and economic data.
From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up
its...
The Wall Street Journal reports that home prices showed their best year-to-date gains since 2005, up 5.9% through July, signaling the housing market's steady march toward recovery. Also from the Wall Street Journal, IBM (IBM) will increase its efforts to sell so-called cloud computing services...
CEO Marissa Mayer is bringing in some more new blood to Yahoo!, tapping Ken Goldman as the company's new Chief Financial Officer. Goldman's appointment will take effect on October 22nd.
Goldman served as CFO at his most recent employer, Fortinet, having worked at Siebel Systems, Sybase,...
