Word: coca-cola
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...Coca-Cola didn't have enough trouble with flat sales volume in the U.S., its fledgling online-music business in Europe is also losing fizz. In Britain back in January, the soft-drink company inaugurated Mycokemusic.com which has so far sold about 530,000 tunes for $1.46 to $1.84 a pop. But then in June, Apple launched iTunes in Britain, France and Germany, offering a wider selection of songs for less money ($1.44 each). In its first week in Europe alone, iTunes sold 800,000 tracks. Napster and the Sony Connect store also have competing music sites, and WalMart...
...Resources. In a deal with Tate, McNeil Nutritionals, a Johnson & Johnson division, is rolling out a sugar-Splenda blend for baking in August. Splenda, already used in thousands of manufactured foods (one appeal: it withstands heat better than alternatives do), is also going into new mid-calorie sodas from Coca-Cola and PepsiCo. Earlier this year, Splenda was okayed for sale in the European Union. Tate is spending $30 million to expand its sole Splenda plant, in Alabama. The potential catch: many Splenda users are converting from real sugar--Tate's main business. Says Charlie Mills, an analyst at Credit...
...many ways, Nardelli has finally come into his own. Local businesspeople say he has joined the ranks of Atlanta's insiders, notably when he was elected to Coca-Cola's board of directors in 2002. Though Coke's board has been criticized after management missteps, it is still the city's corporate crown jewel. "Among Bob's peers it was an important recognition," Blank says. Nardelli was host to about 200 prominent conservatives last month at a $3.2 million fund raiser for President Bush in his 10-bedroom mansion...
China's biggest soft-drink maker is shipping its patriotic pop to America. This spring, Wahaha, based near Shanghai, exported its first batch of Future Cola--435,000 half-liter plastic bottles--to Los Angeles and New York City. The drink, known in China as Extreme Cola, was designed to provide a domestic alternative to market leaders Coca-Cola and Pepsi. "What they can do, the Chinese people can do as well," says Shan Qining, a Wahaha spokesman. (Never mind that French yogurtmaker Danone owns 51% of Wahaha.) But the homegrown alternative has yet to pose a challenge...
Some fast-food enterprises, including McDonald's, have cut portion sizes in a nod to obesity concerns. Frito-Lay and others have reduced the trans fats that have been linked to heart disease. Coca-Cola is promoting exercise. But no company on the belt-busting end of the food business has taken the fat fight more seriously than Beall's Ruby Tuesday. In his latest assault, Beall in April became the first chain restaurateur to print nutrition facts on the menu plainly, and perhaps painfully, between an item's description and its price. Classic, slow-cooked "hang off the plate...