Happening. Stocks are moving higher at this hour. It feels like investors are shaking off fears about the debt standoff between europe and greece, but folks, the action is really in oil. Prices plunging again after the International Energy agency warned of more selloffs in the near term. We begin with fears in the bond market. Were talking about, yep, puerto rico, and its debt crisis sending its bonds to record lows. Why does it matter to investors here . Many hedge funds and big Bond Investors have exposure to puerto rico. Kate kelly has more on the fallout. Big legal news the last few days on puerto rico which has been struggling with over 70 billion in debt as well as highend employment and other Economic Issues for some time now. On friday a federal judge blocked the islands efforts to restructure certain debt through a new law known as the recovery act that was passed last summer. The law was intended to help agencies like for example, the purity wroe ricco electric Power Authorit
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
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
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
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