What U S Treasurys mean in a debt limit crisis
The U S bond market dominates world markets with Treasurys as the safest debt, issued by the U S government to pay bills. Fitch warns of a possible downgrade amid a debt limit impasse, while Treasury and major agencies project actions to avoid default.
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Coca-Cola posts higher quarterly profit amid global growth
Coca-Cola reports a rise in quarterly profit as global sales volume edges up 2 percent driven by China India and Russia. The company faces slower growth in markets like Mexico while expanding affordable smaller packages in the United States and boosting noncarbonated drinks such as tea juice and bottled water to lift overall volume.
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Diet Coke under pressure amid health concerns
Coca-Cola executive said Diet Coke faces pressure from worries about ingredients and artificial sweeteners. The companyStill ranks No 2 in U.S. soda, trailing regular Coke, and plans to boost Diet Coke with promotions, including Taylor Swift, as Americans cut back on sugary fiz.
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Coca Cola faces flat diet soda sales amid aspartame debate
Executives fear Diet Coke is losing momentum as diet sodas drop faster than regular ones per Beverage Digest. Coca-Cola responded with its first ad addressing aspartame safety and distributed fact sheets to bottlers. FDA says aspartame is safe. American Cancer Society finds no cancer risk. Regular Coke rose 2 percent in North America, Coke Zero up 5 percent, overall regional soda volume flat.
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Former Halliburton manager pleads guilty in Gulf oil spill case
Anthony Badalamenti, 62, of Katy Texas, pleaded guilty to one misdemeanor count of destruction of evidence for directing two Halliburton employees to delete data after the Deepwater Horizon disaster. Sentencing is Jan 21 with potential penalties.
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