Reuters reports U.S. carbonated soft drink consumption fell again in 2011, as still-growing sales of energy drinks failed to offset weakness in traditional sodas from Coca-Cola Co. and PepsiCo Inc.
Nestlé S.A. and The Coca-Cola Company agreed to focus the geographic scope of their ready-to-drink tea joint venture, Beverage Partners Worldwide (BPW), on Europe and Canada.
The Coca-Cola Company has come under fire from The Children's Food Campaign (CFC) -- an initiative that strives to improve children's health through food education -- for claims about its product, Vitaminwater.
Coca-Cola Co. acquired about half of the equity in the beverage business of Saudi Arabia-based Aujan Industries for $980 million, to expand its presence in non-alcoholic beverages in the Middle East.