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Rapid growth in the non-alcoholic drinks market is likely spurring Coca-Cola (NYSE:KO) to expand its investment plans for India, as the company indicates that it now expects to spend $5 billion there by 2020, as opposed to only $2 billion by 2017. The project is also central to Coke achieving its goal of doubling revenues in the current decade. Meanwhile, India is also the location in which Starbucks (NASDAQ:SBUX) and Tata Group intend to open 40 stores this year, with a concentration on hotels and malls. Presently, the two entities own a 50-50 split in joint venture Tata Starbucks.
Earnings Report: Constellation Brands First Quarter Earnings Sneak Peek.
Supersize us in London, then? McDonald’s (NYSE:MCD) plans to open its largest restaurant ever in London – temporarily – for the Summer Games, and that has led a local official to complain of the irony of the company’s ties to obesity issues at an event that stresses physical achievements. In its usual defense, MCD points out its healthier options on the menu, and asks rhetorically why beer companies seem to be given a pass. Here is a hint: They…sell…BEER!
Shares of United Continental (NYSE:UAL) and Southwest Airlines (NYSE:LUV) move up, though they could issue a profit warning tied to fuel hedging losses as soon as Wednesday, say inside sources to CNBC.
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