Coca-Cola Likely to Settle Race Suit Before Shareholder Meeting Next Month
Coca-Cola Likely to Settle Race Suit Before Shareholder Meeting
Atlanta, March 25 (Bloomberg) -- Coca-Cola Co. will likely
settle a racial-discrimination lawsuit before its annual meeting
next month to avoid a potentially damaging trial, investors, legal
experts and a former employee said.
Most lawsuits of this type are settled out of court, said
Charles Silver, a law professor at the University of Texas. Coca-
Cola also needs to avoid another public-relations black-eye, after
it caused a health scare in Europe last summer and said it will
fire 6,000 workers this year, investors said.
3/25/00 5:32:00 PM in Drink
Pepsi chief again receives $
Roger Enrico, PepsiCo's chairman and chief executive, opted out of his $900,000 salary again last year, requesting the savings be used to help fund scholarships for "front-line" employees.
Mr Enrico, 55 and a PepsiCo veteran, began the practice of being paid a token $1 in 1998 as a way of giving thanks to the "unsung heroes" who make, move and sell Pepsi products.
His decision also comes at a time when executive salaries are soaring to unprecedented heights thanks to a robust US economy and intense competition from internet companies.
Mr Enrico was still very well compensated despite the $1 salary, reflecting a largely favourable performance by PepsiCo in 1999.
3/25/00 5:31:00 PM in Food
Food sector can contribute a lot to economy: Publisher
KUALA LUMPUR: The Malaysian food sector has a great deal to contribute to the nation's economy and the economy of the Asean region, according to the boss of a Singapore-based food magazine publisher.
"Malaysia already plays a key role in the food sector and its potential, however, is even greater," said Barry Pestana, managing director of Food Chain Asia (FCA) Publishing Pte Ltd, publisher of the Food Chain Asia.
He said investments in the Malaysian food and beverage sector had increased, despite the situation being widely described as the "regional currency crisis."
3/25/00 5:28:00 PM in Food
Market milestone: A new No. 1!
And it's not Microsoft. Or it wasn't for a while, anyway -- as Cisco Systems briefly became the world's most valuable company.
By Reuters
March 24, 2000 5:10 PM PT
SAN FRANCISCO -- Cisco Systems Inc. Friday topped Microsoft Corp. as the world's most valuable company, holding its lead through much of the session after briefly overtaking it for the first time Thursday.
On an official basis, on the Nasdaq, Cisco (Nasdaq: CSCO) closed up 1-9/16 at a record 79-3/8 while Microsoft (Nasdaq: MSFT)eased 3/16 to 111-11/16.
3/25/00 5:25:00 PM in Internet
From
news
Ideas for your money
Online insurance, negotiating relocation packages and the ABC's of index funds
March 25, 2000: 11:07 a.m. ET
NEW YORK (CNNfn) - Before you accept a new job thousands of miles from home, consider your moving expenses and bargain for relocation costs. Learn how to shop for insurance on the Internet and prepare for the decimal prices soon to arrive at the NYSE and Nasdaq.
Check out these stories and more featured in our personal finance section this past week.
3/25/00 5:22:00 PM in Internet
From
CnnFN
Noosh IPO Set at 4 Mln Shares
WASHINGTON (Reuters) - Noosh Inc., a business-to-business e-commerce services provider to the printing industry, said on Friday it plans to sell four million shares of common stock for between $11-$13 a share in its initial public
3/25/00 5:20:00 PM in Internet
From
Reuters
Web Sites Team For Online Training Market
OneMain.com has reached a three-year co- branding and revenue sharing agreement with Columbus, Ohio-based MindLeaders.com, a Web-based learning services provider, to reap the "highly lucrative, rapidly growing market" of interactive online training.
This agreement gives OneMain.com's more than 700,000 mostly rural and small metropolitan customers access to a Web-based training library made up of more than 300 technical, desktop, and practical skills development courses.
"We're doing what we do best: aggregating content and providing our customers with a unique experience," OneMain.com spokesperson Daniel Greenfield told Washtech.com.
3/23/00 4:21:00 PM in Internet
Study Shows 300 Mil Worldwide Web Users
A major study of Web usage released today by a Canadian polling organization shows 300 million people are now wired in around the globe and that one billion will be online by 2005.
The survey, conducted by the Toronto-based Angus Reid Group, shows Canada second only to the US in terms of Web usage, but European and Japanese users lead in employing wireless Internet devices such as Web-enabled pagers and palm computers.
The study of 28,374 people in 34 countries representing a total population of 900 million, conducted at a reported cost of $1 million, suggests one billion people worldwide will be using the Internet by 2005 and as many as 150 million more people are planning to connect yet this year.
3/23/00 4:19:00 PM in Internet
From
bizreport
McDonald's backs out of pub after protests
McDonald's backs out of pub after protests
by Peter Gruner
McDonald's today appeared to have caved into community pressure when it put up for sale a property at the centre of Britain's longest campaign against plans to turn a pub into a fast food restaurant.
The move was prompted after Government planning inspectors turned down a crucial application to widen the access for vehicles at the Hinchley Wood pub where residents have mounted a permanent protest for nearly 500 days.
3/23/00 8:09:00 AM in Restaurant
WineryExchange.com B2B Marketplace For The Global Wine Industry
WineryExchange.com is claimed to be the first complete B2B marketplace and exchange for the grape and wine industry, and will offer a variety of tools for reducing costs, expanding sales reach, increasing supplier access and providing real time market information. WineryExchange maintains it is independent of any grower, winery or supplier, and hopes to expedite buying and selling grapes, bulk wine, vineyard and winery equipment, and supplies. WineryExchange will focus exclusively on B2B transactions.
3/23/00 8:07:00 AM in Drink
From
Bizreport
Pepsi links with Yahoo! for promotion
Pepsi-Cola Co. is hitching up with Yahoo! for an under-the-bottle-cap promotion to be launched in August. Called Pepsi Stuff.com, the promotion allows users to earn points or discounts from under-the-cap promotions found on bottles of Pepsi, Diet Pepsi, Pepsi One, Mountain Dew, Diet Mountain Dew and Wild Cherry Pepsi.
3/23/00 8:05:00 AM in Food
From
Adage
Campbell Soup's Chief Executive Resigns
NEW YORK (Reuters) - Campbell Soup Co., the world's largest soup maker, on Wednesday said Dale Morrison had resigned as its president and chief executive, in a move that follows criticism by analysts over the company's declining soup sales and marketing strategy.
3/23/00 8:03:00 AM in Food
From
Reuters
