Word: colas
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...boom is creating a merger wave in sectors as varied as banking, brewing and confectionery. In just the past month, alongside the Dixons deal, the huge Belgian beer company InBev has been finalizing the last pieces of a $730 million acquisition of Russian beer giant Sun Interbrew, and Coca-Cola 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, which tracks worldwide M&A trends (see chart...
...Hence the caution of Western businesses like Dixons. "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 massive devaluation of its currency. But since then Coca-Cola's Russian operations have grown back to profitability, Winterton says, and it currently has half of Russia...
...only obstacle between Milano’s blast and Lansdowne Street was the 25-foot Coca-Cola bottle suspended from one of the Green Monster’s light towers—but “other than that one pitch that the kid hit just a little bit over the wall,” Walsh said with a smile, “it was a great performance...
...Africa President Ken Kragen has already lined up Tina Turner, Bill Cosby, Pete Rose, Kenny Rogers and Lionel Richie to lend support, and Coca-Cola has signed on as the first sponsor. Kragen hopes to raise some $50 million; in the first days after it was announced, "Hands" raked in some $365,000 in $10 to $35 telephone pledges from enthusiasts around the country who called...
...malleable metal that has been considered versatile enough for the coffins of kings in the 17th century and for cola cans in the 20th, is now in trouble in the marketplace. Trading in the commodity has been suspended on the London Metal Exchange since Oct. 24, and it remained unclear last week just when the buying and selling of tin will resume. Says Jacques Lion, chairman of the London Metal Exchange: "The global tin industry is in complete disarray." Some members of the 108-year-old exchange are suggesting that the time may have come for closing the London...