Verizon, ConocoPhillips, Coca-Cola are big movers
NEW YORK — The following stocks were among those that moved substantially or traded heavily Wednesday on the New York Stock Exchange:
NYSE:
Verizon Communications Inc., up 75 cents at $29.95
Verizon Wireless’ Droid will go on sale for $200 next week as the company taps into the growing appetite for smart phones.
ConocoPhillips, down $1.41 at $49.49
Low natural gas prices and thin margins drove profits down, but the oil company is ramping up production as crude prices jump.
International Paper Co., down 80 cents at $21.83
The company’s third-quarter profit more than doubled as a federal tax credit more than offset falling sales of cardboard box materials.
Chicago Bridge & Iron Co., up 32 cents at $19.49
The engineering and construction firm said cost-cutting boosted profits, while Goldman Sachs added it to firm’s “Conviction Buy” list.
Coca-Cola Enterprises Inc., down $1 at $19.02
The largest Coca-Cola bottler raised its 2009 profit forecast and said third-quarter results rose on the strength of higher prices.
General Dynamics Corp., down $1.48 at $64.30
The company said third-quarter earnings sank, but sales rose, leading the military contractor to boost its profit outlook for the year.
Beazer Homes Inc., down 56 cents at $4.26
The Commerce Department said sales of new homes dropped last month, as the effects of a temporary tax credit began to wane.
NASDAQ:
SanDisk Corp., down $1.07 at $21.62
Goldman Sachs cut its rating and predicted a mediocre performance from the chip maker’s stock over the coming months.
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Coca-Cola Enterprises 3rd-quarter profit up 15 percent as higher prices pad soft salesOctober 28th, 2009 Coca-Cola Enterprises 3Q profit up 15 percentATLANTA — Soft drink bottler Coca-Cola Enterprises on Wednesday said profit rose 15 percent in the third quarter as rising prices padded soft sales. Results beat estimates and the company boosted its full-year outlook.
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Coca-Cola says 3rd-quarter profit rises slightly as sales declineOctober 20th, 2009 Coca-Cola 3rd-quarter profit risesATLANTA — Coca-Cola says its third-quarter profit rose less than 1 percent, as sales fell as consumers continued to limit soft drink purchases and the stronger dollar took a toll on revenue. The world's biggest beverage maker says it earned $1.92 billion, or 81 cents per share, compared with $1.92 billion, or 81 cents per share, a year earlier.
Verizon Wireless discontinues the $150 'Hub,' a home phone with a touch screenSeptember 30th, 2009 Verizon discontinues 'Hub' touch screen home phoneNEW YORK — Verizon Wireless is pulling the "Hub," an Internet-connected home phone with an iPhone-like touch screen, after just eight months on the market. The carrier stopped selling the phone this week, but will continue to support ones already bought, Verizon Wireless spokeswoman Debra Lewis said Wednesday.
Coca-Cola to invest $200 million in Vietnam in the next 3 yearsSeptember 4th, 2009 Coca-Cola to invest $200 million in VietnamATLANTA — Coca-Cola Co. says it plans to invest an additional $200 million in Vietnam in the next three years.
Coca-Cola to invest $5 bn in MexicoAugust 21st, 2009 TEPOZOTLAN - The Coca-Cola Company plans to invest $5 billion over the next five years in Mexico to boost its presence in the country. Mexico ranks second after US in market share of the company.
UBS analyst raises rating on Coca-Cola Enterprises, sees gains from rival bottler dealAugust 13th, 2009 Analyst upgrades Coca-Cola Enterprises to 'Buy'NEW YORK — A UBS analyst upgraded shares of Coca-Cola Enterprises on Thursday and said the soft drink bottler will benefit from rival PepsiCo Inc.'s deal with its bottlers. UBS analyst Kaumil S.
Coca-Cola names Tripodi as executive vice president; Anderson to become senior vice presidentJuly 23rd, 2009 Coca-Cola names Tripodi executive vice presidentATLANTA — Coca-Cola Co.'s board said Thursday that it appointed Chief Marketing and Commercial Officer Joseph Tripodi as executive vice president. The world's largest beverage maker made several other executive moves as well, including naming Harry Anderson as senior vice president.
Coca-Cola delivery fleet goes green in DelhiJuly 9th, 2009 NEW DELHI - The 85 Coca-Cola trucks in the city that deliver soft-drink bottles to your neighbourhood store will not belch black smoke any more. Their engines have been changed to use CNG, with the first three trucks of the new "green fleet" flagged off by Delhi Chief Minister Sheila Dikshit here Wednesday evening.
Huiyuan, Coca-Cola don't comment directly on reports of renewed talks for minority stake saleApril 24th, 2009 Reports: Huiyuan, Coca-Cola renew talksMILWAUKEE — Chinese fruit juice maker Huiyuan Juice Group and Coca-Cola Corp. both declined to comment directly Friday on reports they were in renewed talks, this time for Coca-Cola to buy a minority stake in the company.
Oz consumer body tells Coke to correct myth-related adApril 2nd, 2009 SYDNEY - The Australian Competition and Consumer Commission has ordered soft drink giant Coca-Cola to correct its controversial "Motherhood and Myth-Busting" advertising campaign featuring actor Kerry Armstrong. Using the wholesome motherly image of Armstrong to convince parents the soft drink was "kiddy-safe", the advertisements claimed Coca-Cola did not make children fat, did not rot their teeth and was not packed with large amounts of caffeine.
Coca Cola launches Fanta Apple nationallyFebruary 1st, 2009 NEW DELHI - After successfully introducing it in southern markets last year, beverage giant Coca Cola India Monday launched its fruit-flavoured soft drink 'Fanta Apple' nationally. The drink was initially introduced in the markets of Andhra Pradesh and Tamil Nadu in October and December 2008, respectively.
Coca Cola, SOS Villages to take on rainwater harvestingJanuary 19th, 2009 NEW DELHI - Coca Cola India and SOS Children's Villages of India will jointly undertake rainwater harvesting to ensure sustainable water resources in 39 SOS villages across the country. 'The Coca Cola Foundation of the US has granted $391,920 for the project and it has been forwarded to us by Coca Cola India,' SOS Children's Villages of India president S.
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