Theres no company more american and today, it did something it hasnt done in four quarters. It reported a rise in sales in north america. Its biggest market. The Worlds Largest beverage maker was also able to hike prices helping to offset the impact of a stronger dollar. Shares finish the day up nearly 3 topping wall street profit and revenue forecast for the year but the Company Still faces some very big challenges and after years of sluggish sales, can coke find growth . Sara eisen reports. Reporter cocacolas earnings beat came mostly due to continued cost cutting including layoffs and first price hike in two years. The good news sales up slightly in north america. Ceo kathy wallarid said low gas prices help consumers. Also Conscious Consumers buying teas and flavored waters shying away from sugar and soda. Understand that trend and population growth flattened. The overall demand is flat. They have to look for niche markets to grow because the growth in carbonation soda is flat. Repo
Going back to earth day as the first thing i would organize with citizens started to make a solid statement in this country and this was the for we had the clean water act or Safe Drinking Water or Marine Mammal protection act. In all came out of the citizen movement. With the reason now is simple. For decades the science has been screaming morning as trying to compel us to act. Digest 12 underscore thats it may seem obvious to you but not to some. Sciences is and has long been Crystal Clear with Climate Change. For group of us first organized hearings in the senate in 1988 were they said it is happening now. So were not talking about news reports or applaud post or speech that a cabinet secretary may give with a think tank. But if fact based evidence supported peer review science. If you listen to some people in washington you think there is a question whether Climate Change really is a problem if we really need to respond. To stop and think about the basics. When apple falls from the
Networking gear faces fresh questions over whether its turn around strategy is working. All that and more tonight on nightly Business Report for thursday, february 13th. Good evening, im tyler mathisen. Around im in for susie. We begin this evening with a megamerger in the media world. That deal that would combine the largest tv providers comcast and cable. If approved the company would have 33 million customers, nearly one out of every three cable households in the u. S. And become a dominant force in delivering tv content. The allstock offer would give time warner shareholders 159 a share. Pretty big premium. Stocks Closing Price today of 144. 81. Julia borstin has more. Reporter comcast acquisition of Time Warner Cable, if its approved, would create a cable and Broadband Internet giant with nationwide reach. Comcast saying the deal will pay off and start generating money in year one. In part because it will have operating efficiencies of 1. 5 billion. Comcast buying Time Warner Cabl
So do not even start to think about it. Only 57 to go. Good morning. Welcome to squawk on the street. Im carl quintanilla, jim cramer, david faber. We are going to have to deal with a potential Government Shutdown. Futures down triple digits as the unknown looms. Take a look at the tenyear. Another one to keep an eye on at 2617. Europe has its own issues as the political wrangling between italys enrico letto and b berlusconi continues. Italy taking its toll on the Global Market today is the day that carl icahn is set to meet with tim gook. No one puts ballmer in the corner. We have video of the microsofts ceo emotional goodbye to his employees and the soundtrack to his acceptedoff. First up, a number ahead wins for the markets today. The Government Shutdown looms at midnight eastern borrowing a lastminute agreement. The house did pay a bill that keeps the government running but delays the president S Health Care reform law. Political turmoil in italy. Member of former p. M. , berluscon
[speaker not understood] the secondlargest owner of land in california or something [multiple voices] quoin i dont know its quite that. Noe there is lots of land here. ~ yes, there are cityowned sites that are suitable for solar projects. Were also looking one type of project i really like is inconduit hydro. We can develop bucket 1 resources within our existing water system. Its inexpensive and environmentally friendly. Do you have numbers on how much that could provide . Yes. I dont have them on the tip of my tongue, but weve done some studies on how much we could do with the existing hetch hetchy system. Could you are those available to share with us . Yes. And have you also done studies on how much power could be produced on cityowned land outside of sort of the run of conduit projects . Yes. And, so, you could also share those with us . I believe so. Great. I think that would be tremendously helpful because those i see no reason why those projects, for instance, couldnt be started