Thursday, December 4, 2008
THE BOARD OF DIRECTORS OF THE COCA-COLA COMPANY DECLARES QUARTERLY DIVIDEND; ELECTS TUGGLE AS OFFICER
ATLANTA, October 16, 2008 - The Board of Directors of The Coca-Cola Company today declared a regular quarterly dividend of 38 cents per common share. The dividend is payable Dec. 15, 2008, to shareowners of record as of Dec. 1, 2008.The Board also elected Clyde Tuggle as a senior vice president of the Company. Mr. Tuggle leads the Company's productivity efforts and oversees the Company's Public Affairs and Communications and Strategic Security and Aviation functions. Prior to this newly created role, Mr. Tuggle served as president of the Russia, Ukraine and Belarus Business Unit.A 19-year veteran of the Company, Mr. Tuggle has twice held the role of executive assistant to the Chairman and Chief Executive Officer. From 1998 to 2000, he worked in the Central European Division, first as director of operations development and deputy to the division president, and then as region manager for Austria. Mr. Tuggle was named Worldwide Communications director in 2001 and served as director of Worldwide Public Affairs and Communications from 2002 to 2005.Mr. Tuggle has a bachelor's degree in German and economics from Hamilton College, a master's degree from Yale University and has completed the executive program at the University of Virginia's Darden Business School.
Thursday, November 20, 2008
Boston Properties Completes $375 Million Financing of Four Embarcadero Center
BOSTON, Nov. 17 /PRNewswire-FirstCall/ -- Boston Properties, Inc. (NYSE: BXP - News), a real estate investment trust, announced that it has completed the financing of its Four Embarcadero Center property located in San Francisco, California. The eight-year, $375 million secured loan bears interest at a fixed rate of 6.10% per annum and was provided by a syndicate of insurance companies. Proceeds from the financing were used to reduce outstanding indebtedness under the Company's unsecured line of credit.
Four Embarcadero Center is a 47-story, Class A office building comprised of approximately 937,000 rentable square feet located in the North Financial District submarket of San Francisco.
Boston Properties is a fully integrated, self-administered and self-managed real estate investment trust that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of Class A office properties and one hotel. The Company is one of the largest owners and developers of Class A office properties in the United States, concentrated in five markets -- Boston, Midtown Manhattan, Washington, D.C., San Francisco and Princeton, N.J.
Four Embarcadero Center is a 47-story, Class A office building comprised of approximately 937,000 rentable square feet located in the North Financial District submarket of San Francisco.
Boston Properties is a fully integrated, self-administered and self-managed real estate investment trust that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of Class A office properties and one hotel. The Company is one of the largest owners and developers of Class A office properties in the United States, concentrated in five markets -- Boston, Midtown Manhattan, Washington, D.C., San Francisco and Princeton, N.J.
Citi eyes selling businesses, other options-source
NEW YORK, Nov 20 (Reuters) - Citigroup Inc (C.N: Quote, Profile, Research, Stock Buzz) is looking at multiple options as its share price sinks, including selling businesses, selling shares, or merging with another firm, a person familiar with the matter said.
So far discussions regarding its options have been internal, the person said.
Citigroup's shares lost more than a quarter of their value on Thursday and half their value this week amid concerns about the bank's capital position.
So far discussions regarding its options have been internal, the person said.
Citigroup's shares lost more than a quarter of their value on Thursday and half their value this week amid concerns about the bank's capital position.
Analyst upgrades Coca-Cola Enterprises, sees value as stock price and costs trend lower
NEW YORK (AP) -- Shares of Coca-Cola Enterprises rose on Monday, after an analyst upgraded the stock on a decline in the stock price and expected gains from lower costs for raw materials.
JPMorgan analyst John Faucher upgraded the bottler's stock to "Overweight" from "Neutral," expecting sentiment toward the stock to improve over the next few months.
Lower raw material costs should help improve margins, Faucher said, while further gains will come from job cuts, sequential volume growth and distribution of the Monster energy drink.
"We are forecasting significantly less gross margin contraction in 2009, and think gross margin could be up by the end of the year," Faucher wrote in a client note.
Faucher also expects cost savings from a restructuring to add about $40 million to $50 million to operating income in 2009.
The stock price has declined 62 percent so far this year, he said, as the company "missed massively" on earnings in 2008.
"While no company we cover faces as many issues as Coca-Cola Enterprises, no company looks as cheap, either," Faucher wrote.
JPMorgan analyst John Faucher upgraded the bottler's stock to "Overweight" from "Neutral," expecting sentiment toward the stock to improve over the next few months.
Lower raw material costs should help improve margins, Faucher said, while further gains will come from job cuts, sequential volume growth and distribution of the Monster energy drink.
"We are forecasting significantly less gross margin contraction in 2009, and think gross margin could be up by the end of the year," Faucher wrote in a client note.
Faucher also expects cost savings from a restructuring to add about $40 million to $50 million to operating income in 2009.
The stock price has declined 62 percent so far this year, he said, as the company "missed massively" on earnings in 2008.
"While no company we cover faces as many issues as Coca-Cola Enterprises, no company looks as cheap, either," Faucher wrote.
Wednesday, September 24, 2008
COCA-COLA ENTERPRISES INC. WINS SECOND GOLDEN PEACOCK AWARD FOR CORPORATE SOCIAL RESPONSIBILITY REPORTING
ATLANTA, September 17, 2008 - Coca-Cola Enterprises (NYSE: CCE) has been recognized for the second consecutive year as the recipient of the Golden Peacock Award for Corporate Social Responsibility Reporting by the World Council for Corporate Governance. A distinguished jury chaired by former Prime Minister of Sweden Ola Ullsten selected Coca-Cola Enterprises from 46 global companies for the award, which recognizes CCE's integration of Corporate Responsibility and Sustainability (CRS) into its business strategy, responsiveness to the needs of its stakeholders, and the development of innovative partnerships to fulfill social responsibilities.
"The 2007 Coca-Cola Enterprises Corporate Responsibility and Sustainability Report shows exemplary focus on corporate responsibility, stakeholder engagement, ethical management, controlling carbon emissions, and environmental management," said Klaus Bohnke, director general, Golden Peacock Award Secretariat. "We are proud to honor them with this award for the second time."
"Corporate Responsibility and Sustainability is an integral part of our business strategy and plays a critical role in achieving our vision to be the best beverage and customer service company," said John F. Brock, chairman and chief executive officer. "Being recognized with a Golden Peacock Award for the second consecutive year validates the direction that our company is taking, and we are proud to be honored by the World Council of Corporate Governance."
For more information on Coca-Cola Enterprises' 2007 Corporate Responsibility and Sustainability Report, Shape Tomorrow… Today, please visit our website at http://www.cokecce.com/assets/uploaded_files/2007_CRSReport.pdf.
Coca-Cola Enterprises is the world's largest marketer, distributor, and producer of bottle and can liquid nonalcoholic refreshment. CCE sells approximately 80 percent of The Coca-Cola Company's bottle and can volume in North America and is the sole licensed bottler for products of The Coca-Cola Company in Belgium, continental France, Great Britain, Luxembourg, Monaco, and the Netherlands
"The 2007 Coca-Cola Enterprises Corporate Responsibility and Sustainability Report shows exemplary focus on corporate responsibility, stakeholder engagement, ethical management, controlling carbon emissions, and environmental management," said Klaus Bohnke, director general, Golden Peacock Award Secretariat. "We are proud to honor them with this award for the second time."
"Corporate Responsibility and Sustainability is an integral part of our business strategy and plays a critical role in achieving our vision to be the best beverage and customer service company," said John F. Brock, chairman and chief executive officer. "Being recognized with a Golden Peacock Award for the second consecutive year validates the direction that our company is taking, and we are proud to be honored by the World Council of Corporate Governance."
For more information on Coca-Cola Enterprises' 2007 Corporate Responsibility and Sustainability Report, Shape Tomorrow… Today, please visit our website at http://www.cokecce.com/assets/uploaded_files/2007_CRSReport.pdf.
Coca-Cola Enterprises is the world's largest marketer, distributor, and producer of bottle and can liquid nonalcoholic refreshment. CCE sells approximately 80 percent of The Coca-Cola Company's bottle and can volume in North America and is the sole licensed bottler for products of The Coca-Cola Company in Belgium, continental France, Great Britain, Luxembourg, Monaco, and the Netherlands
Monday, September 15, 2008
Welcome
Today is the first day of this blog. I will talk about money, investing and credit. I will also give my opinion on the current events of the market.
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