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The Diet Coke, Fanta and Sprite maker generates about half of its revenues by selling its soft drinks and concentrates to restaurants and theater operators, such as McDonald's Corp and AMC Entertainment Holdings Inc, but most of them had to close some or all of their operations under government-mandated curbs to fight the health crisis. "We believe the second quarter will prove to be the most challenging of the year; however, we still have work to do," Chief Executive Officer James Quincey said in a statement. Unit volume, a key measure that indicates demand, declined 16%, with Coca-Cola falling 7% and sparkling soft drinks tumbling 12%....
Stock futures rose Tuesday morning, following global equities higher after European Union leaders agreed to a breakthrough fiscal stimulus deal to help support the virus-stricken region. The risk rally also sent crude oil prices up more than 2% to more than $42 per barrel....
It might seem bad, but the worst that can happen when you buy a stock (without leverage) is that its share price goes......
Like many businesses, these cabarets, lounges and gentlemen’s clubs hoped a $660 billion Small Business Administration (SBA) loan program would help them weather the lockdown. Clubs sued, and two federal judges rebuked the SBA for excluding the establishments from receiving the forgivable loans meant to protect jobs amid the health crisis. For a government loan program that has been plagued by criticism - duplicate loans, borrowers without clear financial need, inconsistent data - the strip-club uncertainties are yet another example of confusion surrounding an initiative that pushed hundreds of billions of dollars out the door....
This article will reflect on the compensation paid to James Oliviero who has served as CEO of Checkpoint Therapeutics......
