Home Page
An experienced guide to the world of finance
providing tools and information that help make
best financial decisions
My FinanceGates.com Register
 
Home  | News   |  Business News 
SEARCH
  News & Commentary
  News
  Reviews
  Columnist Articles
  RSS News
  Economy
  Economic Charts
  Financial Calendars
  Banking & Loans
  Loan Rates
  Deposit Rates
  Rate Alert
  Banking Top Rating
  Education
  Banking
  Investing
  Stock Brokerage
  Dictionary
  Financial Directory
  Banking
  Funds
  Insurance
  Stock Brokerage
  Billing
  My FinanceGates
  Register
  Sign In



Market News Insurance Billing
Banking Business News World News
Funds Brokerage

Tuesday April 19, 09:58
Coca managed to settle with investigators
(by Helen Snow)

 Send link to friend
Coca managed to settle with investigators The Securities and Exchange Commission said Monday that it has accepted a settlement offer concerning its business practices in Japan.

The commotion revealed that Coca-Cola’s Japanese bottlers had used a so called "channel-stuffing" practice. The manipulations contributed about 1 to 2 cents per share to Coca-Cola’s quarterly earnings and was the difference in 8 of the 12 quarters from 1997 to 1999 between Coca-Cola meeting and missing analysts’ earnings estimates.

The company will pay not a coin to settle the charges as the SEC’s only requirement was to continue to undertake "remedial efforts" that are already underway.

Coca-Cola promised to abide by a cease-and-desist order that found violations of antifraud and reporting requirements while taking "steps to strengthen its internal disclosure review process to prevent future violations," the SEC said.

In a letter to employees, Coca-Cola CEO Neville Isdell noted that the company was told another investigation by the Department of Justice into a 2003 lawsuit filed by former manager Matthew Whitley has been closed.

All business news
Read the related news and articles:
19 Apr 2005 07:49 AM Coca-Cola first-quarter profit fell 11%
16 Mar 2005 06:02 AM UBS RAISED COCA-COLA TO "NEUTRAL" FROM "REDUCE"
16 Feb 2005 08:32 AM Coca-Cola fourth-quarter profit rose 30%, beats expectations
31 Jan 2005 08:50 AM LEGG MASON UPGRADED COCA-COLA AND PEPSI BOTTLING TO "BUY" FROM "HOLD"
21 Jan 2005 05:58 AM UBS UPGRADED COCA-COLA ENTERPRISES TO "NEUTRAL" FROM "REDUCE"
 


   KEYWORD SEARCH

KEYWORDS:
   SUBSCRIPTION
Join FinanceGates.com mailing list and get news and financial advices on home finance, auto finance, insurances, funds, online payments and much more.
ABOUT US
PARTNERSHIP
ADVERTISING
LEGAL DISCLAIMER
PRIVACY POLICY
CONTACT US
LINKS
RSS NEWS


Copyright © FinanceGates.com - independent financial advice and personal finance advice, an InternetGates.com company, 2003-2012. All rights reserved.
Finance Gates provides personal finance advice on banking, insurance, investing and billing.
Reading materials of this site you can be sure that you get independent financial advice.