Coca-Cola Earnings Review: Still Beverages Offset Decline In Sparkling, Restructuring Impacts Margins
The Coca-Cola Company announced its Q1 earnings on April 15 as still beverages and emerging economies performed well. Net revenues fell 4% year-over-year to $10.6 billion, marred by structural changes and unfavorable currency translations. Structural changes comprised deconsolidation of bottling operations in Brazil and the Philippines last year, contracting sales for Coca-Cola’s bottling investments this quarter. Excluding the impact of restructuring, sales through March grew 2% on a comparable currency neutral basis. Operating income also declined 1% for the three months
NHTSA Probes Air Bag Software On Older Chevrolet Impalas
U.S. safety regulators are investigating the potential for air bags to fail because of software issues in older Chevrolet Impala sedans made by General Motors Co ( GM.N ), after receiving a consumer complaint about an alleged incident in Texas. GM has recalled nearly 15 million vehicles this year, including the Impala, for ignition switch issues that could cause air bags to fail in a crash. It was in response to a November 2013 petition by Donald Friedman, a principal in a California research firm and an expert witness in product liability litigation, on behalf of an elderly couple involved in a crash of a 2008 Impala in Texas.
Official: Israel Leans Toward Extending Gaza Truce
An Israeli government official says Israel is "leaning toward" extending a 12-hour humanitarian truce in the Gaza war by at least four hours. The truce was to end at 8 p.m. (1700 GMT) Saturday. The official, speaking on condition of anonymity because of sensitivity of the ongoing discussions, said Israel's government was leaning toward extending the lull. Israeli media reported that Israel's Security Cabinet would convene on Saturday night. Separately, the office of the top United Nations envoy in the region, Robert Serry, said he is urging Israel and Hamas to extend the truce by 24 hours.
Netherlands To Step Up Efforts To Recover MH17 Remains
The European Council said Friday, The European Union is sanctioning 15 more people and 18 more entities over the Ukraine crisis. This brings the total number subject to EU visa bans and asset freezes because of the crisis to 87, and the number of entities to 20.
Ukraine Fights 'foreign Mercenaries' In Its East, Says President
Ukrainian President Petro Poroshenko said on Saturday his country was not fighting a civil war in its east but was fighting "foreign mercenaries", hailing soldiers for forcing pro-Russian rebels out of several towns and cities. As fighting raged around the rebel strongholds of Donetsk and Luhansk, the Ukrainian leader awarded members of the newly formed National Guard with medals for service.
'Magic In The Moonlight': What The Critics Are Saying
For his latest romp around the European countryside, Woody Allen whisks moviegoers away to 1920s southern France for a frothy romantic comedy starring Emma Stone as Sophie, a cheery American with supposedly incredible psychic powers, and Colin Firth as Stanley, the arrogant English stage magician who sets out to debunk her credibility. The Sony Pictures Classics specialty box office title hits 17 theaters in select cities, including New York, Los Angeles, San Francisco, Chicago and Washington, D.C., on Friday.
Chubby Checker, HP Settle Lawsuit Over Penis-measuring App
The singer Chubby Checker has settled a lawsuit in which he accused Hewlett-Packard of using his trademarked name without permission on a software app that purported to measure the size of a man's penis. HP denied liability in agreeing to settle with Checker, whose given name is Ernest Evans, but agreed not to make future use of his stage name, likeness or related trademarks. The settlement was disclosed in a Tuesday filing with the San Francisco federal court.
Brief Cease-fire Halts Gaza War
A brief cease-fire Saturday in the Gaza war between Israel and Hamas militants allowed thousands to return home to see the destruction. Palestinians walked through the concrete rubble that once used to be homes, collecting what keepsakes they could recover. Some Palestinians men climbed over an Israeli armored vehicle, apparently left behind during a military operation. Israel has lost 37 soldiers and two civilians, and a Thai worker also has been killed in fighting and in Hamas rocket attacks.
Ukraine Launches Offensive To Retake Donetsk
Ukrainian officials said their forces advanced to the outskirts of a key town north of Donetsk on Saturday in hopes of retaking the stronghold held for months by pro-Russia rebels. The move comes as Ukrainian forces appear to have gained some momentum recently by retaking control of territory from the rebels. But Russia also appears to becoming more involved in the fighting, with the U.S. and Ukraine accusing Moscow of moving heavily artillery across the border to the rebels.
AP PHOTOS: Brief Cease-fire Halts Gaza War
A brief cease-fire Saturday in the Gaza war between Israel and Hamas militants allowed thousands to return home to see the destruction. Palestinians walked through the concrete rubble that once used to be homes, collecting what keepsakes they could recover. Some openly wept when they saw what little remained. Two men poured water for birds left behind in one demolished home. Some Palestinians men climbed over an Israeli armored vehicle, apparently left behind during a military operation. Others held funerals for their dead. According to Palestinian officials, at least 985 Palestinians, mainly civilians, have been killed and more than 6,000 wounded over the past 19 days, .