Word: coke
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...firm, for $470 million. The deal is a retaliatory salvo in an ongoing soft- drink war. Only five weeks ago, PepsiCo announced that it was buying Seven-Up for $380 million. That takeover will give Pepsi about 34% of the $30 billion soft-drink market. By acquiring Dr Pepper, Coke will increase its industry-leading share...
Because of its 13 daily flights to Latin America, Eastern Air Lines has unwillingly become a carrier of choice for cocaine cowboys. Since November 1983 federal agents have discovered 26 cases of coke-smuggling aboard Eastern jets. Last week a top Drug Enforcement Administration official revealed that indictments are in the works against some 50 of Eastern's baggage handlers in Miami. The agency suspects them of smuggling billions of dollars' worth of cocaine into the U.S. in airliner cargo bellies...
...spotlight on Eastern intensified in April 1984, when U.S. Customs Service agents seized one of the company's jumbo jets after discovering 3 lbs. of coke under the cockpit. Federal investigators enlisted the help of Eastern Chairman Frank Borman, who gave his mechanics the go-ahead to help agents search planes for illegal stashes. The current probe began last August after Customs agents found two coke shipments totaling 1,722 lbs., or $430 million worth, aboard Eastern flights from Colombia. Investigators discovered that the contraband was generally stuffed into suitcases by baggage handlers in Colombia and then slipped through Customs...
Whether it is diet Coke, new Coke, classic Coke, cherry Coke or some other soda, more soft-drink fans buy something sold by Coca-Cola than by any other beverage maker. No. 2 PepsiCo keeps trying hard to catch up, and last week the company may have found a way to do so. Pepsi announced an agreement to buy Seven-Up, the third-largest soft-drink manufacturer, from Philip Morris for $380 million. As part of the deal, Philip Morris retains Seven-Up's bottling plants and food division. By adding Seven-Up's 7% share of the $26 billion...
...citrus drinks. Pepsi scored an instant hit last year, when it introduced Slice, a lemon-lime soda containing 10% real fruit juice. Designed to appeal to health-conscious sippers, Slice had 1985 sales of about $400 million. Pepsi unveiled a new mandarin-orange version of Slice last week, but Coke countered with an announcement of its own. In February, Coke's Minute Maid division will market lemon-lime and orange soft drinks containing fruit juice and try to take a slice out of Slice's sales...