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Coca-Cola Co (KO)

KO on New York Consolidated

42.32USD
30 Sep 2016
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Latest Key Developments (Source: Significant Developments)

The Coca-Cola Co pulls Mexico ad deemed offensive to indigenous - AP
Wednesday, 2 Dec 2015 06:46pm EST 

The Coca-Cola Co:A Coca-Cola Mexico spokesman says the company apologizes and has pulled an online ad after it was deemed offensive to the country's indigenous by consumers, media and advocacy groups - AP.Director of Publicity Diego Bracamontes says the ad was pulled late Tuesday after about a week online in Mexico, and that the company never meant to offend anyone - AP.The "Open Your Heart" holiday campaign came under fire with its portrayal of festive, fashion-model-looking white people driving into the remote hills of Oaxaca to haul Coke and a Christmas tree as a service project for the indigenous Mixe community of Totontepec Villa de Morelos - AP.Bracamontes told The Associated Press on Wednesday that the message was misinterpreted, and that the campaign is about unity and happiness across communities -AP.  Full Article

The Coca-Cola Co - Teamsters Local 727 says Coca Cola-refreshments workers to go on unfair labor practice strike
Monday, 30 Nov 2015 04:13pm EST 

The Coca-Cola Co:Teamsters Local 727 says more than 225 Coca Cola-refreshments workers voted to authorize an unfair labor practice strike.Teamsters Local 727 -teamsters voted by 10-to-1 margin to authorize "strike".  Full Article

The Coca-Cola Co - Teamsters Local 727 files unfair labor practice charges against Coca Cola Refreshments
Tuesday, 24 Nov 2015 03:31pm EST 

The Coca-Cola Co:Teamsters Local 727 filed numerous unfair labor practice charges today against Coca-Cola Refreshments, a subsidiary of Coca-Cola, that include bargaining in bad faith, intimidation of workers with baseball bats and unilaterally changing contract terms and working conditions.Local 727 represents more than 300 warehouse and production workers and transport drivers at Coca-Cola Refreshments facilities in Niles and Alsip, Ill.The union and the company have met for nine bargaining sessions since October to try to come to terms on a new contract.Without offering reasonable proposals, Coca-Cola Refreshments management has repeatedly delayed negotiations and ignored information requests as the current Teamster contract nears expiration on December 1.  Full Article

The Coca-Cola Co - AB InBev, HSBC, Google, 8 others to testify at EU tax hearing - Reuters
Tuesday, 10 Nov 2015 05:03am EST 

The Coca-Cola Co:Anheuser-Busch InBev, HSBC, Google and eight other companies will be quizzed by EU lawmakers next week on their European tax deals as part of a campaign to ensure multinationals pay their fair share of taxes - RTRS.While the European Parliament's tax committee can only issue a non-binding recommendation at the end of November, the publicity generated by its actions will likely ramp up the pressure on companies seeking to minimise tax, and governments - RTRS.Amazon, already in the Commission's crosshairs over its Luxembourg tax deal, Barclays, Coca-Cola Co, Facebook, Ikea, McDonald's, Philip Morris International and the Walt Disney Co will also attend the hearing, according to the committee's website - RTRS.The committee was set up in February after a group of investigative journalists unveiled details of tax deals that helped hundreds of multinationals slash their tax bills to minimal amounts - RTRS.  Full Article

The Coca-Cola Co - China environment bureau says Coca-Cola bottling plant falsified pollution data - RTRS
Wednesday, 21 Oct 2015 02:09pm EDT 

The Coca-Cola Co:An environmental protection bureau in northwest China said police temporarily detained an executive at a Coca-Cola Co bottling facility in Gansu province after they found the facility had falsified pollution data - RTRS.In a report on its website, the Lanzhou city office of China's Environmental Protection Bureau said authorities found Gansu COFCO Coca-Cola Beverage Co Ltd had tampered with data by altering the way it sampled and monitored its sewage output - RTRS.The news was carried by local media outlets on Thursday - RTRS.Police detained at least one of the facility's executives for five days earlier this month as punishment, the Lanzhou environmental bureau's statement said - RTRS.Coca-Cola officials did not respond to repeated telephone calls and emails seeking comment. Calls to the Gansu facility, part of a joint venture between Chinese food processor COFCO Corp and Coca-Cola, went unanswered - RTRS.Companies have been scurrying to boost their environmental credentials after China introduced tougher regulations this year to combat the country's unwanted image of smog-choked cities, fouled waterways and heavy-metal tainted soil - RTRS.  Full Article

Coca-Cola Co announces letters of intent with three U.S. Bottlers to grant expanded distribution territories in seven states
Wednesday, 21 Oct 2015 07:52am EDT 

Coca-Cola Co:Announces letters of intent with three U.S. Bottlers to grant expanded distribution territories in seven states.Says financial terms were not disclosed.Says in each territory, Co will grant exclusive rights to these bottlers for sale, distribution of bottler-delivered coca-cola beverages.  Full Article

The Coca-Cola Co reaffirms FY 2015 EPS guidance
Wednesday, 21 Oct 2015 07:30am EDT 

The Coca-Cola Co:Expects FY 2015 comparable currency neutral EPS growth of 5 pct., in line with the range laid out at the beginning of the year.  Full Article

the Coca-Cola Co declares regular quarterly dividend
Thursday, 15 Oct 2015 02:15pm EDT 

the Coca-Cola Co:Declared a regular quarterly dividend of 33 cents per common share.Payable Dec. 15, 2015 to shareowners of record as of Dec. 1, 2015.  Full Article

The Coca-Cola Co - Coca-Cola Singapore Beverages to shut Tuas plant - Business Times - Reuters
Sunday, 4 Oct 2015 08:00pm EDT 

The Coca-Cola Co:Coca-Cola Singapore Beverages will wind down manufacturing operations at its bottling plant in Tuas ahead of a planned full closure in February next year, but the firm will invest more than $100 million in Singapore over the next five years, the Business Times reported - Reuters.About 200 employees will be affected by the closure of the bottling plant in Singapore - Reuters.Coca-Cola will move its bottling plant operations to Malaysia - Reuters.  Full Article

The Coca Cola Company-signs letters of intent to implement national product supply system in the United States
Thursday, 24 Sep 2015 07:30am EDT 

Coca-Cola Co :The Coca Cola Company-signs letters of intent to implement national product supply system in the United States.Says mission of the npss will be to facilitate optimal operation of the U.S. product supply system for Coca Cola-bottlers.Says anticipates that each npss bottler will acquire certain production facilities from ccr within their distribution territories.Contemplated that ccr will divest nine production facilities with an estimated net book value of $380 million.Says transition of these production facilities from ccr to npss bottlers is anticipated to take place between 2016 and 2018.New transactions announced today are subject to the parties reaching definitive agreements.Says ccr's territories will continue to be refranchised as previously announced.Says Coca Cola-bottling co.,coca-cola bottling company united and swire Coca Cola-USA, will be members of npsg.Says regional producing bottlers to optimize system production.Says Coca Cola-bottling consolidated,bottling co united,swire Coca Cola-usa,coca-cola refreshments to coordinate operation of assets.  Full Article

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Arca says Coke's United no longer part of possible U.S. bottling deal

MEXICO CITY Mexican bottling company Arca Continental said on Friday that Coca-Cola Bottling Company United will not longer form part of a previously announced intention to sign a deal to operate the Coca-Cola bottling franchise in parts of the United States.