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(Bloomberg) — Coca-Cola Co. sales are inching back toward normal, even as it warns a resurgent virus could continue to muddle near-term results.Global unit case volume was down 4% in the third quarter as the restaurants and entertainment venues that make up about half of revenues aren’t yet back to normal. Still, that’s far better than the second quarter when volume fell 16%. Some increase in at-home consumption has helped offset the problems in public spaces.“While many challenges still lie ahead, our progress in the quarter gives me confidence we are on the right path,” Chief Executive Officer James Quincey …read more […]

It said the practice of keeping middle seats open had bridged it from the early days of the pandemic, “when we had little knowledge about the behavior of the virus, to now.” American and rival United Airlines have been selling all available seats, while Delta Air Lines is blocking middle seats through early January. American Airlines said it expects its cash burn rate to fall to about $25 million to $30 million a day in the fourth quarter from about $44 million per day in the third quarter and $58 million per day in the second. …read more […]

When you buy a stock there is always a possibility that it could drop 100%. But when you pick a company that is really… …read more […]

SiriusXM is inching closer to a deal with star host Howard Stern, the satellite radio broadcaster’s CEO said Wednesday as it reported third quarter financials with revenue flat at just over $2 billion and net income up 11% to $272 million. “Our commitment to having the best possible audio content from top talent, as well […] …read more […]

We’ve lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly… …read more […]

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The new “Express” stores come as COVID-19 rates are rising around the United States and Europe. Customers make an appointment to pick up orders placed online or interact with Apple’s technicians for customer service. For Apple, which has 271 retail stores in the United States, the new format could help it navigate a holiday sales challenge. …read more […]

So far, so good over at Target to kick off the holiday shopping season. …read more […]

The beverage company, which makes about half of its revenue from sales in restaurants, theaters and other public venues, said the last quarter was the most challenging one due to lockdowns even though consumers stocked up on sodas and beverages at home. Organic sales, which strip out acquisition and currency impacts, fell 6% for the three months ended Sept. 25, but improved from a 26% fall in the second quarter. Sales of its trademark Coca-Cola and Coca-Cola Zero Sugar improved, Coke said. …read more […]

Highlights * All four drill holes intersected mineralized dunite across width of 800 metres and along a strike length of 425 metres in 2.5 km by 400-800 metre wide geophysical anomaly approximately 850 metres northwest of Main Zone. …read more […]

The evolution of money is here… and it’s moving rapidly.
In a dire sign of the times, the Central Bank of the Bahamas put out a historic tweet this week.
The world’s first-ever digital currency is now live.
Luddites be damned.
This shows just how quickly things have evolved.
The new form of money has been dubbed the “Sand Dollar.” It’s pegged 1-to-1 to the American greenback.
Cellphone companies love it. You can’t use the money without a smartphone and the monthly contract that comes with it.
Bahamian officials say the new digital money will help the unbanked. But we scratch our heads and wonder whether the …read more […]

Market forces rained on the parade of Las Vegas Sands Corp. (NYSE:LVS) shareholders today, when the analysts… …read more […]

The industry has so far failed to secure another $25 billion bailout for airlines slammed by the virus outbreak. “We urge our federal leaders to pass an economic relief package that includes a clean, six-month extension of the Payroll Support Program (PSP) to further protect jobs and crucial air travel,” Southwest Chief Executive Officer Gary Kelly said. …read more […]

The Geneva-based company, whose major clients include iPhone maker Apple and carmaker Tesla, was also positive on the outlook for 2021, helping its share to reverse declines earlier on Thursday. STMicro said it was expecting fourth-quarter sales to grow by about 12% from the previous quarter to $2.99 billion and to generate a gross margin of about 38.5%, or two and a half percentage points higher than in the quarter that ended in September. This forecast takes into account the loss of sales from Huawei, the world’s biggest telecoms equipment maker, following new curbs imposed by U.S. …read more […]