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News Summary: Coca-Cola profit up as sales grow

Submitted by Fox First at Ten on October 16th

By The Associated Press PROFIT POPS: The Coca-Cola Co. says its profit rose 4 percent in the third quarter, although revenue came in shy of Wall Street expectations. FOREX FALLS FLAT: The company's revenue rose 1 percent for the period as it was hit by unfavorable currency exchange rates.

News Summary: Squirrel boom frustrates farmers

Submitted by Fox First at Ten on October 16th

By The Associated Press NUTS ABOUT FRUIT: A mild winter and a bumper crop of nuts have caused an explosion in the squirrel population in parts of the country, besieging fruit growers with their ravenous appetites, littering highways as roadkill, and keeping pest control experts busy. SQUIRRELY

News Summary: Price of cocoa surges 3 percent

Submitted by Fox First at Ten on October 16th

By The Associated Press SWEET TOOTH: The price of cocoa surged 3 percent as new, positive signs for the U.S. economy are raising hopes that consumers may splurge on more chocolate confections in the months ahead. BRIGHT SPOTS: New reports showed consumer price increases were tame in September.

Cocoa surges 3 percent on hopes of better demand

Submitted by Fox First at Ten on October 16th

By SANDY SHOREAP Business Writer The price of cocoa surged 3 percent as positive signs for the U.S. economy raised hopes that consumers may splurge on more chocolate. Cocoa for December delivery rose $64 to finish Tuesday at $2,418 per metric ton. The price has fallen about 10 percent since

Coca-Cola to launch 'beauty drinks' in France

Submitted by Fox First at Ten on October 16th

NEW YORK (AP) - The Coca-Cola Co. and Sanofi are partnering to launch a line of "beauty drinks" in France. The drinks will be positioned under the Oenobiol Beautific brand, but Coca-Cola declined to provide further details. The Coca-Cola business unit in France said in a statement that the drinks

Dollar and precious metals at a glance

Submitted by Fox First at Ten on October 16th

NEW YORK (AP) - Key currency exchange rates Tuesday, compared with late Monday in New York:

Bio Box: Michael Corbat, the new CEO of Citigroup

Submitted by Fox First at Ten on October 16th

By The Associated Press NAME: Michael Corbat BORN: May 2, 1960. EDUCATION: Harvard University. Bachelor's in economics, 1983. All-American in football. CAREER: Corbat held several roles at Salomon Brothers, a company that eventually combined with Citi. At Citi, he was head of a division

Target to match some rivals' online prices

Submitted by Fox First at Ten on October 16th

By ANNE D'INNOCENZIOAP Retail Writer NEW YORK (AP) - In the latest effort to beat Amazon.com at its game, Target says that for the first time it will match prices that customers find on identical products at select online competitors this holiday season. Target Corp.'s CEO Gregg

News Summary: J&J 3Q net income down, sales up

Submitted by Fox First at Ten on October 16th

By The Associated Press PROFIT DROP: Third-quarter net income dropped 7 percent for health care giant Johnson & Johnson, to $2.97 billion, or $1.05 per share, but after adjusting for one-time charges, it beat Wall Street expectations. SALES CLIMB: Revenue rose 6.5 percent to $17.05 billion

Greek junior gov't partner rejects labor reforms

Submitted by Fox First at Ten on October 16th

By NICHOLAS PAPHITISAssociated Press ATHENS, Greece (AP) - The head of a small center-left partner in Greece's governing coalition on Tuesday ruled out new reforms demanded by bailout creditors, which he said would "crush" labor rights in the debt-crippled country. But although the