3XSQ: Coca-Cola revenue misses on weak sales in Europe
Tuesday, February 12, 2013 - 03:00
Feb 12 - Coca-Cola reported fourth-quarter revenue slightly below analysts' expectations, hurt by a double-digit decline in Europe.
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This three Times Square this Tuesday from Reuters world headquarters in New York the blame on Europe. Coca-Cola posted quarterly sales that missed estimates. Did a double digit decline in Europe net income topped forecasts as the rest of the world made up that shortfall. The Dow components season on global economy in 2013. One bright spot ready to drink volume grew by 14% for the year as brands like gold peak and honest perform well. McGraw-Hill also performing well it posted a profit rose met estimates. The company insists the Department of Justice lawsuit filed against it over ratings gave to work -- bonds. Is entirely without factual or legal merit. In a statement it said the company doesn't believe the government can -- there was intentional misconduct by anyone and it's S&P unit. Our park -- today also dealing with legal issues it's apple CEO Tim Cook. Whose company has been sued by hedge fund manager David Einhorn over its plans related to preferred shares. Cook also taking heat as the stock has lost a third of its value as sales of Smartphones have slowed. He gets a chance to set a new course for the presentation later this morning in San Francisco and -- Goldman Sachs technology conference. This speech moved earlier in the day to cook and fun -- Washington to attend a State of the Union Address from the first lady's box. That according to the Mercury news -- appearance will come one year after Steve Jobs is without sat in the very same box. -- apple still has friends in high places. Another industry titan with a lot of his plate so to speak is did chairman Charlie Ergen. In admits that his bid for wireless provider Clearwire to began its can be trial against ESPN. Dues claiming the sports network owes it more than a 152 main box. After breaching contracts by offering better deals to rival distributors. The suit filed in 2009 claims among other things it ESPN gave lower rates to Time Warner Cable and Verizon Communications back in 2005. ESPN's attorneys say bitch just wanting a better deal than other distributors. And finally folks in Thailand licking their lips at Valentine's -- are actually locking them. This soft had couples attempting to break the record for the longest kiss got through the pain there. The record is fifty hours 25 minutes and 12 held by Thai couple. Get fifty contestants must drinking age raw wild thing lip -- it even be escorted to that it fire wrap it looks at her morning. The winner takes home -- and diamond ring worth over 6000 -- That is the latest and three times where it is Tuesday you can follow us on Twitter at Reuters Insider -- get more Reuters videos -- letter dot com slash -- TV. I'm Lisa Bernhard this is like.
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