Tough second quarter for Coca-Cola
The second quarter of 2008 treated Coca-Cola poorly in the U.S., according to statements released Thursday by the beverage giant and its largest bottler. U.S. volumes remained flat while international…
Headlines
Icelandic Glacial chairman charged for tax evasion
Jon Olafsson, the chairman of Icelandic Water Holdings, makers of Icelandic Glacial bottled water, has been charged with tax evasion by the Icelandic government, the Icelandic news site Visir.is reported.…
Coke institutes U.S. hiring freeze
The weak U.S. economy has prompted the Coca-Cola Co. to institute an absolute domestic hiring freeze for the remainder of the year, a spokesman for the company confirmed with Reuters…
FDA declares that HFCS can be labeled as natural
WASHINGTON, DC – The Corn Refiners Association today welcomed clarification received from the U.S. Food and Drug Administration concerning the use of the term natural for products containing High Fructose…
Cargill introduces Truvia stevia sweetener to the market
NEW YORK, July 9 /PRNewswire/ — To offer consumers the “First Taste Moment” of Truvia(TM) natural sweetener, the new zero calorie, great tasting sweetener, Cargill opens the Truvia(TM) Greenhouse at…
Energy drink growth slows, Monster continues to gain
Year over year energy drink demand for June climbed 15-18 percent in convenience and gas stores, and 20 percent in Wal-Mart stores, according to Longbow Research Analyst Alton Stump. Last…
Coke settles $137m lawsuit filed by investors
The Coca-Cola Company agreed to pay $137.5 million to settle a lawsuit with investors that claimed company officials misrepresented or omitted information in statements, which caused inflated stock prices, the…
IFT – Dreaming of an Uncloudy Whey
VIEW THE IFT 2008 PHOTO GALLERY HERE>> Protein manufacturers have a tough road to travel – they want to stand out in a crowd, but they don’t want to stand…
CSPI urges crackdown on functional claims
Kraft’s Crystal Light Immunity Berry Pomegranate drink falsely claims that its vitamins A, C, and E will help “maintain a healthy immune system,” charges the Center for Science in the…
Fancy Food Summer 2008 recap
VIEW THE SHOW GALLERY HERE>> The 2008 Summer Fancy Food Show took place at the Javits Center in Manhattan from June 29-July 1. Over 75 beverage companies were among the…
Muhtar Kent steps in as Coke CEO
The Coca-Cola Company today completed its executive leadership transition as Muhtar Kent officially became the Company’s new chief executive officer. Kent, 55, follows Neville Isdell, 65, who will remain chairman…
Floods damage corn crop, HFCS prices likely to rise
Beverage companies that use high-fructose corn syrup may suffer pinched margins in the near future, as Midwestern floods washed away some of this year’s corn crop. The Associated Press reported…
Beverage growth slows, CSDs hurt worst
The growth of liquid refreshment beverages in the U.S. fell to half the rate it charted in 2006, according to Beverage Digest. The newsletter’s survey found that all-channel LRG volume…
Enhanced water not likely to grow as fast as predicted
The enhanced water market may not expand as much as had been previously predicted, according to one analyst that made those predictions. “We believe our 3-5 year forecast for the…