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Rally Fizzles to Mild Losses
 Rally Fizzles to Mild Losses 
MARKETS
Oct 14, 2008 3:20 PM CDT

Rally Fizzles to Mild Losses

Traders worry non-financial stocks may still feel recession's bite

(Newser) - Stocks closed lower today after an earlier rally died down as worries about consumer-discretionary and tech stocks overcame investors’ faith in global actions to quell the credit crisis, the Wall Street Journal reports. The Dow, up nearly 400 early, ended off 76.62, to 9,310.99. The Nasdaq, especially...

Buffett Grabs $3B Chunk of GE

Shrewd market player aiming for windfall after chaos clears

(Newser) - Mega-pockets investor Warren Buffett is sinking $3 billion into General Electric, whose share prices have slumped a third amid the financial chaos on Wall Street, Reuters reports. Buffet, 78, negotiated a 10% dividend, which could generate $300 million income a year. The move comes a week after he invested $5...

Coke Bids $2.4B for Chinese Juice Company

Soft-drink giant looks to capitalize on Olympic afterglow

(Newser) - Buoyed by its highly visible sponsorship role at the Beijing Olympics, Coca-Cola has made a $2.4 billion offer for a Chinese juice and nectar company, the Wall Street Journal reports. The deal would be the second-largest acquisition ever by the company, which has been expanding into non-carbonated beverages in...

Big Bucks Flock to Beijing
 Big Bucks Flock to Beijing 
Aug 9, 2008 9:16 AM CDT

Big Bucks Flock to Beijing

(Newser) - The Beijing Olympics are a celebration of sport, for sure, but they are happening in China, which makes them a business opportunity unlike earlier Games. Folks with deep pockets are converging on the capital to wheel and deal, with an eye to the emerging middle-class market of some 300 million...

Tasty Hint of Coke Secret Pops Up in Ad

'Best spices' recipe hasn't change since 1886

(Newser) - A new Coca-Cola ad campaign focuses on the drink's “no preservatives or artificial flavors,” revealing a tantaiizing hint about Coke's closely guarded secret recipe, writes the New York Times. The blend of “the best spices from around the world” hasn't changed since 1886—a fact the company...

Media Companies Brace as Advertising Slump Worsens

A slowing economy has prompted a sharp reduction in spending

(Newser) - A major slump in advertising is moving beyond newspapers and radio and is now starting to hurt TV and the entire media industry, reports the Financial Times. Major advertisers—especially car dealers, airlines, and banks—are cutting back on marketing as the economy slows. And, analysts say, even the windfalls...

Credit Woes Move Bank to Offload $2B in Coke Shares

Cola's secret formula kept in SunTrust vault

(Newser) - Continuing credit losses have prompted SunTrust Bank to offload its 43.6 million shares of Coca-Cola, breaking ties with the soft-drink maker that stretch more than 90 years and include a copy of the cola’s secret recipe stored in the bank’s Atlanta vault, the Guardian reports. SunTrust’s...

Forget Sex, Crudeness Sells
  Forget Sex, Crudeness Sells 
Jun 18, 2008 10:10 AM CDT

Forget Sex, Crudeness Sells

Madison Ave ditches wholesome toons for 'edginess' of 'Family Guy'

(Newser) - Advertising execs usually like spokesmen to be safe, wholesome, family-friendly figures. So why the heck are the Griffins their new darlings? From Coca-Cola to Subway, everyone seems to be tapping the "Family Guy" clan, despite the show’s tendency to joke about sex, religion, AIDS, and other wholesome, family-friendly...

Explosive Mentos- Coke Secret Uncapped

What causes the YouTube phenom

(Newser) - You've seen it on hit YouTube videos, but now young researchers have unlocked the secret of the volcanic reaction that occurs when Mentos are dropped into Diet Coke, ABC News reports. Students at Appalachian State University say the rough, dimply surface of the sinking candy disrupts the water molecules in...

New Soda Sizes Aim to Cap Fizzling Sales

Coke, Pepsi try out alternatives to 20-ounce bottle

(Newser) - Coke and Pepsi are testing new bottle sizes in an effort to boost deflating soda sales, reports the Wall Street Journal. Coke pulled 20-ounce bottles of Coca-Cola, Diet Coke, Coke and other drinks from Virginia convenience store shelves this week and re-stocked them with 16-ounce and 24-ounce bottles. Pepsi plans...

Olympic Protesters Zero In on Sponsors

Tibet, Darfur activists lobby corporations, with some success

(Newser) - As the Beijing Olympics approach, advocates for a free Tibet and peace in Darfur are trying to hit the Games where it hurts: in the wallet. A coalition of groups has been petitioning the corporations that are sponsoring this year's Olympics to press China on their behalf. The strategy seems...

China Protests Singe Torch Sponsor Lenovo

Computer maker invested $100M; 'didn't anticipate' brouhaha

(Newser) - Lenovo execs were hoping for some major branding momentum from winning the Olympic torch design competition—not to mention from plunking down some $100 million as sponsors of the 2008 Beijing Games. What they got was anti-China vitriol that has accompanied the torch around the globe, and a marketing campaign...

2007's Weirdest at-Work Hijinks
2007's Weirdest at-Work Hijinks
Dec 18, 2007 9:50 AM CST

2007's Weirdest at-Work Hijinks

Some crazy stuff happened at the office in 2007

(Newser) - Not everyone burns down the office in retaliation over a lost stapler, a la Office Space's Milton, but some pretty strange stuff goes on at work. The weirdest occurrences of 2007, according to CNN:
  1. Worker eats 32 vending-machine items to win bet with co-workers (and $300 for charity).
  2. Pepsi worker
...

Good Grief! Peanuts Writer Was Depressive

New biography depicts buried rage of comic artist

(Newser) - Charles Shulz hid his dark side amid tales of Charlie, Lucy, Linus and Snoopy, according to a new biography. Snoopy's romance was secretly Shulz's extramarital affair, and Charlie Brown was victim to the very buried rage that Shulz took out on others. An old pal confirmed this dark portrayal, writing...

Stocks Dive Before Fed Meeting
Stocks Dive Before Fed Meeting
Sep 17, 2007 3:52 PM CDT

Stocks Dive Before Fed Meeting

All indexes fall as traders bite nails over tomorrow's Federal Reserve meeting

(Newser) - Wall Street bit its collective nails today, with fear mounting that the Fed meeting tomorrow will result in a rate cut of only 25 basis points rather than the 50 traders crave. The Dow fell 39.10 to 13,403.42, the S&P 500 dipped 7.60 to 1,...

10 Sweet Spots to Visit
10 Sweet Spots to Visit
Aug 26, 2007 5:10 PM CDT

10 Sweet Spots to Visit

Willy Wonka may be a fictional persona, but these ten real-life fun-food factories will bring out the kid in anyone.

(Newser) - Travel & Leisure takes you on a tour of a fun-food factories, where delights range from twisting your own pretzel to sampling donuts hot off the line.  Some factory tours can even be experienced from home.
  1. Twinkie: Twinkies.com
  2. Tootsie Pop:  Tootsie.com
  3. Ben and Jerry's:  Waterbury,
...

FTC Subpoenas Food Giants on Marketing to Kids

Congress wants data on childhood obesity

(Newser) - The FTC dealt out 44 subpoenas yesterday to food companies, including McDonald's, Coca-Cola, and Kraft, seeking information on how much they spent on advertising to kids. The businesses have until November 1 to comply for a report the FTC is preparing for Congress on marketing practices and child obesity.

Aquafina Is Tap Water
Aquafina Is Tap Water
Jul 27, 2007 11:18 AM CDT

Aquafina Is Tap Water

Label will show it's l'eau de tap

(Newser) - Pepsi has agreed to reveal the source of its Aquafina brand of bottled water on the label: the tap. In response to a backlash against the bottled water industry, the company will add the words "public water source" to each bottle, Reuters reports. Like Coke's Dasani, Aquafina is a...

Dogfight Rap Kills Vick Ad Deals
Dogfight Rap Kills Vick
Ad Deals
Jul 19, 2007 4:00 AM CDT

Dogfight Rap Kills Vick Ad Deals

Falcon pitchman loses luster after feds raid property

(Newser) - Dogfighting charges against Falcons quarterback Michael Vick have all but killed product endorsement deals for the former marketing machine, the Atlanta-Journal Constitution reports. Nike is "reviewing information" in Vick's case, and expired contracts aren't being renewed with Coca-Cola, EA Sports, Kraft Foods or Hasbro. "He'll disappear like a...

Dow Breaks 14K, Briefly
Dow Breaks 14K, Briefly
Jul 17, 2007 3:56 PM CDT

Dow Breaks 14K, Briefly

Strong earnings, weak inflation boost markets

(Newser) - The Dow shattered the 14,000 mark for the first time in its history today, floating 22 points above the milestone but dipping just before the bell to close at 13,971.55—still a 20.57-point gain. A projection of relatively docile inflation, combined with continued encouraging earnings reports...

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