Word: coca-cola
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...just about everyone is giving do-goodership a spin. American Express is feeding the hungry. Alarm company ADT gives away personal-security systems to battered women. Avon Products is helping fund the fight against breast cancer. Kimberly-Clark is building playgrounds in poor neighborhoods. Barnes & Noble promotes literacy. Coca-Cola is sponsoring local Boys and Girls Clubs. Nike, Wal-Mart, Home Depot, BellSouth, MCI and Starbucks all have pet social causes, as do countless other companies big and small. There are some 800 companies belonging to a San Francisco-based group called Business for Social Responsibility...
...hasn't put off bag lady to the rich and famous Kathrine Baumann. New to her menu of ritzy glass-beaded purses, clutched by such celebrities as Liz Taylor, Melanie Griffith and Barbara Walters, is what she calls "the great American meal," a hamburger, fries and a bottle of Coca-Cola. It's hardly a take-out order for the common gal, however. This little set of McTrinkets costs about $6,000, which comes to more than 1,000 "great American meals...
...time for the three-day Easter holiday were also to blame. The bond market benefitted from those fears, with yields on 30-year Treasury bonds hitting 7.06 percent, up from 6.98 percent late Wednesday. Key victims of the frenzied sell-off included heavy weights Allied Signal, 3M, Exxon, Coca-Cola and Procter &Gamble. The dollar, meanwhile, also suffered, taking a slight dive to close at 123.48 yen and 1.6898 marks...
...business," says Silverman. "Nor are we in the real estate business.'' The main clients of HFS are the thousands of franchisees who fork over royalties and fees in return for the right to use HFS brand names and receive support services ranging from national advertising campaigns to discounts on Coca-Cola, computers and televisions. The franchisees can even get help setting up employee-retirement plans...
These torrents have poured in just as companies have rediscovered merger mania and thereby taken countless shares off the trading boards. The supply has shrunk further as companies have bought back bushels of their own shares. Corporate America repurchased nearly $170 billion of its equities last year. Coca-Cola, whose price rose 42% in 1996, helped the increase along by declaring its intention to swallow as many as 206 million shares of Coke, or 8.3% of the company's outstanding common stock...