Word: coca-cola
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...glut of offices, condos and hotels threatens builders and lenders. Coca-Cola is under pressure again. Grim reapings for farmers...
...most of its 99-year history, the Coca-Cola Company has known only the sweet taste of success. This year, though, Coke seems unable to do anything right. First the Atlanta-based firm infuriated customers by changing the sacred formula of Coke. Then it had to swallow hard, admit error and bring back the old mixture under the label Coca-Cola Classic. Next the company angered textile workers by marketing a line of Coca-Cola clothes produced overseas. Now Coke is under attack from the sugar industry for allegedly misleading the public about the ingredients of its No. 1 product...
...people are ready to splurge. The spending boom is creating a merger wave in sectors as varied as banking, brewing and confectionery. Alongside the Dixons deal, the huge Belgian beer company InBev is finalizing the last pieces of a $730 million acquisition of Russian beer giant Sun Interbrew, and Coca-Cola recently agreed to buy Multon, Russia's second largest juice company, for an estimated $600 million. Excluding the energy sector, mergers and acquisitions of Russian firms soared to more than $8 billion last year from $4.8 billion in 2003, according to Thomson Financial. Yet even as Western firms rush...
Western businesses are investing with eyes wide open. "The politics do concern us," says Grant Winterton, Coca-Cola's regional manager for Russia, Ukraine and Belarus. The beverage titan knows the risks firsthand. Coca-Cola invested $800 million in the 1990s to build 11 plants in Russia and an extensive distribution system. The company's fortunes took a severe knock in 1998 when Russia was hit by a debt crisis and a massive devaluation of its currency. But since then, Coca-Cola's Russian operations have grown back to profitability, Winterton says, and it has half of Russia...
...cultural and material poverty of life in Iran would have sent a privileged young woman like her fleeing to London or Los Angeles. Today Seddigh drives a silver BMW, drinks authentic Red Bull, wears Puma shoes and travels regularly to Europe. Her middle-class friends can afford real Coca-Cola as well as trips to Goa and Malaysia. (It's generally cheaper to travel east.) They meet friends online through the networking website Orkut.com and feel connected through the things they buy, the Internet they're addicted to and their ability to travel to a global community larger than their...