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Lowe’s To Buy Rona in Canada

Lowe’s Companies Inc the home improvement retailer based in the U.S. said it had agreed to purchase Rona Inc based in Canada in a deal worth C$3.2 billion or US$2.28 billion. Lowe’s previous bid was rebuffed by Rona, dealers as well as politicians in Quebec. The unsolicited proposal for C$1.8 billion by Lowe’s to acquire Rona was withdrawn back in September of 2010. Lowe’s said on Wednesday it had come to an agreement on key commitments that included moving the Canadian business headquarters of Lowe’s to Quebec where the Rona home base... 
 

BP To Eliminate 7,000 Jobs By End Of 2017 (NYSE:BP)

After the announcement of disappointing earnings results for the latest quarter, BP repeated a commitment it made last month to cut 4,000 jobs this year in its exploration and production unit. The unit lost $728 million in the quarter. The company also said it would trim about 3,000 workers from its marketing and refining business by the end of next year. Before those cuts were announced, BP had a global work force of about 80,000 employees. BP reported a fourth-quarter loss of $3.3 billion on Tuesday, becoming the latest casualty of the oil industry’s... 
 

Rumored Small iPhone Could Bring Apple a Big Moment

A new iPhone 5se is rumored to be in the works and could find just the right spot amongst smartphone users for its size, features and price. The iPhone 5c could be Apple’s most confusing iPhone made. Released together with its sibling the iPhone 5s back in 2013, the handset that was unapologetically plastic was seen as a less expensive alternative by many to the higher priced flagship and a way for Apple to attack the midrange market share much like the iPod nano did. However, that did not happen to be the case. The iPhone 5c basically was nothing... 
 

Honda Operating Profit for Third Quarter Slides on Recalls

Honda Motor Co posted an operating profit for the third quarter that dropped 22%, which was more than had been expected due to an increase in costs for the massive recall of vehicles worldwide due to air bag problems. The third largest Japanese automaker is the biggest clients of Takata the air bag manufacturer. Its vehicles represent close to half of the 50 million vehicles recalled around the world because of air bags that exploded with an excessive force and spray the interior of cars with shrapnel, which has led to at least 10 deaths and over... 
 

United Technologies Beats the Street on Profit

On Wednesday, United Technologies Corp reported profit for the fourth quarter that exceeded estimates of Wall Street analysts as the building systems and aerospace manufacturer lowered its costs to counter a global economy that has become sluggish. UT’s adjusted earnings ended the quarter at $1.53 per share, the company announced in a prepared statement on Wednesday. That compares to analyst estimates of $1.52 per share. Sales ended just over $14.3 billion, which misses the average estimates by analysts of more than $15.3 billion. United Technologies... 
 

New Google Tax Deal Does Not Silence Critics

Under a great deal of pressure, Google buckled and agreed it would pay millions to the government of the UK in back taxes. However, critics of the search giant remain unsatisfied. Google is the most recent global company targeted over taxes and it agreed to pay over £130 million or $185 million that covers taxes that were unpaid since 2005. The company is also going to start paying taxes on the sales from its advertisers based in the United Kingdom to reflect its size and scope in Britain, said Google. While the tax payment in arrears might look... 
 

Netflix Surges Globally, Slows Nationally (NASDAQ:NFLX)

The fourth quarter has been a mixed bag for Netflix. The company is achieving record global growth. The company now has a total of 74.76 million subscribers across the globe. Netflix is pushing to make its service available around the world. The company has introduced its service to more than 130 countries, making it available in nearly every country except China. The company is also facing a slowdown in the United States. Netflix missed growth forecasts in the U.S., adding just 1.56 million subscribers in the quarter. This is a considerable decline... 
 

GM Purchases Ride-Hailing Sidecar’s Assets

General Motors has increased its expertise in the ride-sharing/hailing arena. The Detroit-based automaker hired some employees and purchased the assets of recently shuttered Sidecar Technologies, a ride-sharing/hailing company that closed last month. According to a company statement, GM has hired employees of Sidecar to integrate them into the urban mobility GM team, and acquired a certain amount of assets to help in the global mobility programs. A spokesperson for GM did not comment on the deal’s details, including how many employees had been... 
 

Raw Cashew Pieces Recalled by Trader Joe’s for Risk of Salmonella

Lovers of cashews might need to read this one. Trader Joe’s has issued a recall that went out on January 15 for the product known as Raw Cashew Pieces, due to a possibility of salmonella poisoning. The company sent an alert out to the supplier that one of its lots of products might have been contaminated by the bacteria. The products that were affected are those, which have labels reading – BEST BEFORE 07/17/2016F4. The raw cashew pieces have been distributed to 31 states including Georgia, Kentucky, New York, Michigan, Pennsylvania, Ohio and... 
 

General Electric Agrees To Sell Appliance Unit For $5.4B (NYSE:GE)

General Electric has announced the planned sale of its appliance unit to Chinese manufacturer Haier for $5.4 billion in cash. The deal also includes the 48.4 percent stake that GE Appliances owns in Mexican appliance company Mabe. The transaction is expected to close in mid-2016. The purchase must passes regulatory scrutiny in the US, China and elsewhere before the deal can be completed. The appliances division had revenue of about $5.9 billion in 2014 and employs 12,000 people. General Electric said the deal valued the appliances unit at 10 times... 
 

Xiaomi Misses Sales Target for 2015 But Sells 70 Million Smartphones

On Friday, Xiaomi the China-based smartphone maker announced that it had shipped more than 70 million smartphones during 2015. Although a very high number, it was short of the company’s ambitious target of 80 million. Growing competition and a high dependence on the market in China were factors that might have contributed to the company missing its target. The company sold over 34.7 million of its handsets the first six months of the year, and could not reach the targeted 80 million. Growth in sales of smartphones is starting to slow down across... 
 

Yum! Brands Sales in China Rose 1% During December

Yum! Brands Inc, which operates KFC, Pizza Hut and Taco Bell, announced that December sales at same stores were up 1% across China, where a spinoff of operations will take place this year. Sales at comparable stores for KFC were up 5% in China, said the company based in Louisville, Kentucky in a Tuesday filing. Although, they fell by 11% for Pizza Hut, sales performance showed an improvement from the numbers in November, when China’s sales dropped by 3%. Yum!, crumbling under activist investor pressure, announced in October it would spin off its... 
 

Profit from KB Home Misses Wall Street Expectations

KB Home the homebuilder missed expectations for the most recent quarter ended following deliveries that were softer than had been expected and contract abandonment and inventory impairment charges, though its sales continued to reflect a housing market in recovery. Shares were down 9.7% trading early Thursday, including that drop, the stock is 27% down the last three months. The builder based in Los Angeles reported a rise of 24% in its overall revenue ending the quarter at $985.7 million with another quarter of gains in the double-digits in both... 
 

Macy’s Ramps Up Restructuring After Dismal Holiday Season (NYSE:M)

Macy’s executives are not happy with the way the 2015 holiday season went. The company reported that its stores suffered a significant sales decline during the holiday season. Sales at stores open at least a year fell 4.7 percent in November and December, compared with the totals reported during the same period of 2014. According to figures from the MasterCard SpendingPulse, holiday spending overall was up 7.9 percent for the season. Macy’s CEO Terry Lundgren blamed the sales decline on unseasonably warm weather and lower spending by... 
 

Twitter Ready to Expand the 140-Character Limits

Twitter appears as if it is ready to loosen a restriction that goes back a decade on the length of its messages in an attempt to make the service appeal to a broader audience accustomed to  the freedom that is offered by social media giant Facebook as well as other forums. Jack Dorsey a co-founder and current CEO telegraphed the intentions of Twitter in a Tuesday tweet he posted after the Re/Code tech news site reported that Twitter was exploring the increase of its limits on texting from just 140 character up to as high as 10,000. Dorsey did not... 
 

Factory Activity in Euro Zone Ends with Growth in 2015

The factory activity across the euro zone ended this past year with growth in each of the countries that were included in a survey that was made public on Monday, suggesting that growth in manufacturing over the past year in general averaged above the last three. However, despite companies cutting their prices for a fourth straight month and a euro that that is weaker, making the manufactured goods across the bloc cheaper abroad, growth remained albeit tepid. Markit’s final Purchasing Manager’s Index for manufacturing increased to a high of... 
 

Ashley Madison Rebounds with Millions of New Users

They say that no publicity is bad publicity and for Ashley Madison, the site for men who want to have an affair that might very well be the case. A massive breach of data that exposed information of millions of spouses who were unfaithful apparently has not kept the site from going down. It turns out that the infamous site that attracts adulterers has added over 4 million new members since the breach became very public, when data was dumped onto the Internet. This past August, when the breach took place, Ashley Madison claimed it had more than 39... 
 

Tesla Going On A Hiring Spree (NASDAQ:TSLA)

Tesla has announced that the company would be hiring thousands of new employees over the next few years. Many of these new hires will be based in California and employed on the company’s projects to build an autonomous car. The company currently has about 14,000 employees, more than 14 times the number of employees it counted in 2010. A few weeks ago, Elon Musk put out a call on Twitter for software engineers for the company’s Autopilot program, saying that prior automotive experience was not needed. Addressing his 3.1 million followers... 
 

Northrop Wins Deal for $93 Million to Manufacture Drone

Northrop Grumman Corp won a contract of just over $93 million to manufacture a full-scale demonstrator of an unmanned spy drone, a flying wing that has large counter rotating propellers, which could take off as well as land on frigates, and destroyers, said the Pentagon late this week. Northrop has worked on the design for this new drone for a number of years under the joint program the company is involved with known as Tern that is led by the Office of Naval Research at the U.S. Navy and the Defense Advanced Research Projects Agency. Officials... 
 

JPMorgan Chase Agrees To London Whale Class Action Suit Settlement (NYSE:JPM)

JPMorgan Chase & Co has agreed to pay $150 million to resolve a class action lawsuit over its London Whale trading scandal that emerged in 2012. The trading scandal caused a $6.2 billion loss, dropped JPMorgan’s share price by roughly one-quarter, and wiped out more than $40 billion of market value. The settlement was disclosed in papers filed in federal court in Manhattan on Friday. The lawsuit stemmed from oversight by JPMorgan’s Chief Investment Office of traders in the bank’s London office. Shareholders accused JPMorgan... 
 

Apple Shakes Up Its Executive Ranks (NASDAQ:AAPL)

Apple’s chief executive, Timothy D. Cook, has continued on his quest to shake up the company’s executive ranks. On Thursday, several changes were announced to Apple’s senior management team. The announced changes include new leadership in the company’s hardware and marketing divisions. On Thursday, it was announced that longtime executive Jeff Williams has been promoted to the job of chief operating officer. That position has remained unfilled since 2011. Mr. Williams started his career at Apple in 1998 when he was hired as head of... 
 

Pandora To Pay Higher Rates To Artists Next Year (NYSE:P)

Pandora and other free Internet radio services will be required to pay record companies more for the next five years. In a decision closely watched by the music industry and Wall Street, a panel of federal judges, the Copyright Royalty Board, increased the royalties that those companies must pay for streaming music. The panel ruled that Pandora and other streaming companies must pay record companies 17 cents for every 100 times they play a song when they stream music to listeners who do not pay for subscriptions. The current rate is 14 cents. The... 
 

Netflix Re-launches App for Windows 10 for Tablets and PCs

Netflix released a new Windows 10 app that is designed to work with a myriad of devices with Windows 10. Added to the Windows Store at Microsoft Wednesday the updated app now supports Windows 10 tablets and PCs from the start and will be able to support Windows 10 smartphones soon, said Netflix in a post on their blog. The app by Netflix will take advantage of different specifics for Windows 10, such as voice activation through the virtual assistant Cortana by Microsoft. The new app from Netflix taps into the Universal App concept by Microsoft,... 
 

Merck Does Not Gain Backing from FDA Panel for Vytorin

Merck & Co should not be given the ok to claim Vytorin, its drug for lowering cholesterol, reduces the risk of strokes or heart attack in patients that have coronary heart disease, said an advisory committee on Monday to the United States Food and Drug Administration. The advisory panel evaluated the data from a trial of 18,000 patients whose results showed the combination treatment of Vytorin, which comprises Zetia as well as simvastatin an older drug that lowers cholesterol reduced rates of stroke, heart attack and death compared to using... 
 

United Reintroducing Free Snacks for Economy Passengers

Months after it announced a new Chief Executive who promised to hear feedback from customers, United Airlines responded, it will reintroduce free snacks beginning in February. Breakfast snacks, which the airline calls a small piece of caramel heavy between crispy wafers, are amongst the free snacks that United will be providing its economy fliers. The airline has not served any free snacks since 2008. In 2010, Continental merged with United and quit offering snack service just after the merger took place. Food represents an important part of the... 
 

TAG Heuer Connected Has Production Increase Due to Demand

One month ago, when TAG Heuer Connected was first launched, there were some people wondering if there was a market for a luxury Android smartwatch that cost $1,500. Apparently, the answer is yes since TAG Heuer said it must increase its production for the watch to meet its demands. CEO Jean-Claude Biver from TAG Heuer revealed recently that the production of the smartwatch TAG Heuer Connected would be increased to 2,000 per week from 1,200. Biver says retailers as well as other sellers have asked for close to 100,000 units and to help meet that... 
 

To Help Merger AB InBev Selling Some Brands in Europe

Anheuser-Busch InBev on Thursday said it was planning to sell several of the premium brands of SABMIller in Europe including Grolsch and Peroni, which it hopes will ease concerns of regulators about the proposed merger of the two brewers. The move will be the second major sale of assets that the two companies announced as they begin to create a giant in the industry with revenue annually of close to $64 billion that would represent close to 30% of the global beer sales. The combination will give AB InBev, which is already the largest brewer in the... 
 

Netflix Secrecy Starting To Anger Studios (NASDAQ:NFLX)

Giants in the streaming world like Netflix, Amazon Prime, and Hulu are using the secrecy of the streaming industry to their advantage, which is starting to anger the studios that do business with them. The studios are making billion-dollar deals with Netflix, but they have almost no clue how their shows are performing because Netflix will not release the data. This gives streaming companies like Netflix the ultimate bargaining chip. Because they possess all of the data on how many and what kinds of people watch their TV shows and movies, the streaming... 
 

Consortium from China Buying 13% Share in Manchester City Club

A consortium of company from China will invest $400 million for a minority share of the Manchester City FC football (soccer) franchise, as buyers from China search the globe for assets involved in entertainment. Citic Capital Holdings and China Media Capital Holdings are acquiring just more than 13% of the football group that owns Manchester City, which plays in the English Premier League the top professional league in England and other assets related to the sport. This deal would put a value of $3 billion on the City Football Group. The group is... 
 

Raspberry Pi Computer Will Cost You Only $5

British company Raspberry makes learning to program the same price as a double latte. The new educational micro-computer by Raspberry Pi is the cheapest it has made to date – a device that is pocket-sized designed for teaching kids coding for only $5. The new Raspberry Pi Zero was unveiled Thursday and is the most recent computer from the company that for the past couple of years has had a mission to make computing accessible to all children that want learn. Manufactured in Wales, the computer features RAM of 512 MB, an ARM processor that is 1GHz,... 
 

Campbell Soup Takes Risk Changing Recipes (NYSE:CPB)

Campbell Soup has announced that it is changing the recipe of its signature chicken noodle soup. The new Campbell’s chicken noodle soup contains 20 ingredients, down from the more than 30 in its previous version. The new recipe is appearing first in a limited-edition line in cans decorated with characters from the soon to be released “Star Wars” film. Campbell has moved quickly to address changing trends in the food industry. The company is eliminating ingredients that today’s consumers do not want in their food products. Changing consumer... 
 

Tiffany Misses on Profit As Sales Hurt by Dollar

Tiffany & Co posted a profit for the third quarter that disappointed and cut its forecast for the year as the strong U.S. dollar and the choppy economic conditions weighed on luxury jewelry sales. Profit reached 70 cents per share, excluding special items, said the company based in New York in a prepared statement on Tuesday. Analysts were expecting profit of 75 cents. Per share earnings will drop 5% to 10% in 2015, which is more than forecasted earlier for a drop of no more that 5% said the statement. These results underline the challenge that... 
 

Pfizer Increasingly Defensive Over Allergan Merger (NYSE:PFE)

Pfizer has received a lot of pushback over its proposed deal to buy Allergan for $152 billion. The merger itself is not the problem, but what the company plans to do after the merger is complete. Pfizer has revealed plans to move its corporate headquarters to Ireland in order to reduce its tax bill in the United States in a move called a corporate inversion. The merger was announced on Monday. Corporate inversions happen when an American company buys a company in a country with lower corporate taxes to reduce its tax obligation. It has sparked... 
 

Microsoft Deals for Black Friday Beginning Now

The holiday deals from Microsoft have begun and run until the weekend of Thanksgiving. Some of the digital deals only cost 10 cents. The latest deals for Black Friday are underway at the software giant. Microsoft is on a 10 cent kick because of its new operating system Windows 10, which the company said has already passed the 110 million mark for installs. Therefore, the 10 days of different deals will run through the end of the business day November 29, with prices on certain items as cheap as 10 cents. Songs, movies and apps are all available... 
 

Starboard Urges Yahoo Not to Spinoff Alibaba

Starboard Value, the Jeff Smith operated activist fund is urging Yahoo Inc to drop its plan of spinning off its share in Alibaba the e-commerce giant based in China. Starboard said instead that Yahoo should sell its display and search advertising businesses. The company should maintain its stakes in Yahoo Japan and Alibaba, Starboard said in its letter addressed to the board and management of Yahoo dated Thursday. Yahoo should also hire a strong financial adviser to sell its core businesses, added Starboard. The market, said Starboard does not have... 
 

Target Met Profit Expectations In Third Quarter (NYSE:TGT)

Target Corp. reported its results for the August-to-October quarter Wednesday morning. Its profits fell in line with expectations. In the third quarter, Target reported adjusted earnings per share of 86 cents, in line with analysts’ expectations and up from 79 cents a year ago. Net profit grew 56 percent to $549 million. Revenue grew 2.1 percent to $17.6 billion. The Minneapolis-based retailer reported 1.9 percent growth in same-store sales in the third quarter. Target saw store traffic grow 1.4 percent in the quarter, its fourth consecutive... 
 

Facebook Activated Safety Check While Attacks Took Place in Paris

Users of Facebook, who at the time of the Friday terrorist attack were in Paris, were able to notify family and friends about their whereabouts and safety through the tool on the social media site know as Safety Check. Users started receiving notifications that friends who had been in Paris were safe early Friday evening as the people in the French capital were able to check in. This Safety Check tool was first launched last year and on five occasions has been used. Its activation on Friday night was the first time it had been activated for a disaster... 
 

Kohl’s Stock on the Rise as Sales Increase

On Thursday, Kohl’s Corp posted a profit that fell by 15% during the third quarter amid worries that the retailer’s plan for a turnaround was faltering. Nevertheless, the retailer had earnings that were higher than Wall Street expectations and its stock rallied during premarket trading by almost 10%. Kevin Mansell the CEO attributed the slight increase in quarterly sales to a strong season for back to school and late October sales periods that were offset slightly by weak September figures. Most of the key initiatives for the company were a... 
 

Apple Wallet To Be Enhanced With Peer-to-Peer Network (NASDAQ: AAPL)

Apple is working on a new peer-to-peer payments service that which would let people use their smartphones to send money to one another. The service could be ready as soon as next year. The new service would be in direct competition with PayPal’s peer-to-peer payments app Venmo and Square’s Square Cash. Square Cash and Venmo are free to users that link their checking account to the system. Consumers using a credit card are only charged a small fee. Venmo processed nearly $2.4 billion in money transfers in 2014. Square Cash has processed more... 
 

Starbucks Facing Backlash Over Red Holiday Cups (NASDAQ:SBUX)

A number of people are upset with Starbucks right now and are vocally voicing their disapproval on social media. At issue are the plain red holiday cups that Starbucks is using this holiday season. Previously, the holiday cups at Starbucks have featured snowflakes, ornaments and reindeer. This year, the plain appearance of the cups have some consumers fuming. Whether Starbucks intended to spark a conversation with the cups or not, both supporters and opponents of the holiday cups have been quick to take their opinions to social media. Many of the... 
 

Alibaba Acquires Youku for $4.8 Billion

Alibaba Group Holding agreed to acquire Youku Tudou the video service in a deal that is said to be $4.8 billion, as Jack Ma the billionaire is seeking to stream additional content to Internet users in China through control of the site that is compared to YouTube. Net of the cash Youku has, the price is approximately $3.7 billion, said one person who is familiar with this transaction and who asked not to have his name used. Alibaba, which is the largest online shopping business in China, raised its offer for Youku to cash in the amount of $27.60... 
 

Toyota Cuts Sales Forecast for the Full Year

Toyota Motor Corp has cut its revenue forecast for the full year on Thursday as the company based in Japan expects weaker sales of vehicles in emerging countries in Asia, where the demand for their cars has been rocked by a slowdown in growth. The slowing sales could knock Toyota from the No. 1 spot as the biggest selling automaker in the world, a title it held for the past couple of weeks after it unseated Volkswagen AG in a close, ongoing race. Hit by a sales slump in Thailand and Indonesia during the quarter from July through September, Toyota... 
 

Sprint Suffers Deeper Loss Than Was Expected

Sprint Corp posted a bigger than had been expected loss on Tuesday and a drop in its revenue for its fiscal first quarter, while it said it is planning to cut costs by $2 billion over the next fiscal year. Shares dropped 4.5% in trading before the market opened even while the company logged its first increase in number of phone customers in over two years. Sprint said it was also expecting its earnings prior to taxes, interest, amortization and depreciation for the 2015 year to be nearer its lower end of is estimated range of between $7.2 billion... 
 

Peet’s Coffee Buying Majority Share of Intelligentsia

Peet’s Coffee & Tea has announced that it will acquire a majority share of Intelligentsia Coffee, which is based in Chicago. It is the second deal for Peet’s with the last month. Once only a single store, Peet’s, based in Berkeley, California is now acquiring boutique coffee roasters that are smaller. Earlier in October, it acquired Stumptown Coffee Roasters based in Oregon. Intelligentsia will operate independently with new opportunities to growth nationally, particularly in grocery stores that are high-end, Peet’s Dave Burwick the... 
 

GoPro Stock Plummets Thursday

GoPro is amidst its biggest plunge to date. The maker of wearable cameras nosedived by over 16% Thursday to its lowest price since its initial public offering. The stock is not just on track to have its worst overall day ever, but is coming very close to its price of the IPO of $24. The amazing story of GoPro is in the process of crashing to earth, as the market for extreme sports lovers who have money for the devices must not be big enough. The sales of GoPro that were defying gravity are coming back too fast to earth. Sales exploded by 72% during... 
 

Goldman Sachs Assessed $50M Penalty (NYSE: GS)

Goldman Sachs has agreed to pay a $50 million penalty and accepted a three-year ban on access to certain sensitive regulatory information for failure to supervise an employee who was a former Federal Reserve Bank of New York employee. The action against Goldman was announced by New York State’s financial regulator. Goldman admitted the failure. That employee is now facing jail time for their actions. The employee, Rohit Bansal, worked for Goldman for less than three months. After being hired by Goldman “in large part for the regulatory experience... 
 

Ford Motor Posts Solid Quarterly Earnings

Ford Motor Co posted net income of $1.9 billion during the just ended third quarter equal to 48 cents per share, which is over double the $835 million that it reported in the same period one year ago, as strong results in its core market in the U.S. offset weaknesses across emerging markets. North American business for Ford, which benefited from higher prices per transaction and demand for trucks that are more profitable, reached a recorded operating profit of just over $2.7 billion for the quarter, up steeply from its $1.4 billion during the same... 
 

Panel for FDA Votes in Favor of Gout Drug from AstraZeneca

A panel of medical advisers that is independent of the U.S. Food and Drug Administration voted on Friday 10 to 4 in favor of approval for a gout drug from AstraZeneca. All of the 10 who supported the drug, known as lesinurad, qualified the vote by urging the U.S. regulatory agency to ask the pharmaceutical company for studies following the launch of the drug to gauge safety and long term effectiveness. Gout is a type of arthritis that is caused by an excess of uric acid, which forms crystals in different joints as well as some tissues, causing extremely... 
 

Dunkin’ Brands Posts Results That Top Estimates

Dunkin’ Brands Group posted results that were better than had been expected for its most recent quarter, despite lackluster traffic and sales at its U.S. locations of Dunkin’ Donuts. For the most recent quarter, sales at same-stores grew 1.1% at locations in the U.S., below the reported 2.9% during the second quarter and growth of 2% seen during the same period one year. The company cited a decline of 0.7% in traffic at the stores and said K-Cup in restaurant and its packaged coffee categories had a negative impact. The parent company for both... 
 

Coca-Cola Misses Revenue Estimates In Third Quarter (NYSE: KO)

Despite higher volume sales,The Coca-Cola Company reported that revenue was lower than predicted by Wall Street for the third quarter. Revenue fell to $11.4 billion, a 4.6 percent decline from the same quarter a year ago. Analysts had expected revenue of $11.58 billion for the quarter. Earnings on a reported basis declined 31 percent, dropping to $1.4 billion, or 33 cents a share. In the same quarter last year, earnings were $2.1 billion, or 48 cents a share. After excluding certain one time expenses, Coca-Cola earned 51 cents a share. That was... 
 
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