Consumer Business Recap: Coca-Cola LOVES India, Pink Slime THREATENS Disney
The Coca-Cola Company (NYSE:KO) intends to reconfigure its operations in Asia so as to set India out as a focus for key growth. This moves is in line with a prior announcement that the company was earmarking $5 billion in investments to build its business there.
Pink slime news is back! The Walt Disney Company (NYSE:DIS) must now deal with legal action brought by a South Dakota meat processor that claims that its ABC News misled consumers with coverage of the “pink slime” additive that is routinely added to meat products. The Dakota Dunes is seeking $1.2 billion in damages.
The Canadian Auto Workers have made the Big Three automakers in Detroit a series of concessions concerning wages and pensions that could help accelerate discussions, against the threat of a simultaneous strike against Ford Motor Company (NYSE:F), General Motors Company (NYSE:GM), and Chrysler (FIATY.PK) looming. Since time is now short, all sides have so much to lose that the chance of a work stoppage is more remote.
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