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Gang claims responsibility for hack at Coca-Cola's fairlife unit
Reuters14d agoneutral
Gang claims responsibility for hack at Coca-Cola's fairlife unit

Hacking gang Anubis claimed credit on Tuesday for ‌an attack on Coca-Cola-owned dairy company ‌fairlife, threatening to publish stolen data unless it received an ​unspecified ransom. The group made the claim on its dark web site, saying it had stolen 1 terabyte of data from fairlife. Coca-Cola did not ‌immediately respond to ⁠a request for comment, and the hackers did not immediately return a ⁠message.

Coca-Cola just made a big change to how it looks
TheStreet15d agoneutral
Coca-Cola just made a big change to how it looks

The things that look permanent are usually the ones getting worked on hardest. You just don't see the scaffolding until it comes down. Think about the objects that haven't changed in your lifetime. The stop sign. The three-pronged plug. The red can sitting in a cooler at a gas station in a country ...

Kroger supermarkets land exclusive Coca-Cola soda
TheStreet17d agoneutral
Kroger supermarkets land exclusive Coca-Cola soda

Limited-time-offers (LTOs) bring consumers back to stores they may not have visited in a while and in rare cases, they may get a shopper to go someplace they rarely, or never, visit. In other cases, an LTO simply gets a customer to spend more than they otherwise might have. Starbucks, for example, ...

Fairlife pauses US production after cyberattack breached milk brand's systems
Associated Press19d agoneutral
Fairlife pauses US production after cyberattack breached milk brand's systems

Milk brand Fairlife is pausing its production in the U.S. after a ransomware cyberattack breached the company's systems. Coca-Cola, which owns Fairlife, announced Thursday that its dairy company had identified “unauthorized access by a third party” to a portion of its systems, including those related to production. “Product quality and safety have not been impacted," Atlanta-based Coca-Cola said in a statement.

Bloomberg19d agoneutral
Coca-Cola Suspends US Fairlife Operations After Cyberattack

(Bloomberg) -- The Coca-Cola Co. said it had temporarily suspended production operations of its Fairlife milk in the US after an unauthorized third party gained access to some of its systems.Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsBeckham's IM8 Gets $1 Billion From General Catalyst for GrowthCIA Says AI Drones Give Russian Troops Only 30 Minutes to LiveOpenAI's First Device Will Be Movable, Screenless Speaker Built as AI CompanionChip Stocks Get Hit

Bloomberg19d agoneutral
Coca-Cola Suspends US Fairlife Operations After Cyberattack

(Bloomberg) -- The Coca-Cola Co. said it had temporarily suspended production operations of its Fairlife milk in the US after an unauthorized third party gained access to some of its systems.Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsBeckham’s IM8 Gets $1 Billion From General Catalyst for GrowthCIA Says AI Drones Give Russian Troops Only 30 Minutes to LiveOpenAI’s First Device Will Be Movable, Screenless Speaker Built as AI CompanionChip Stocks Get Hit

How Much of Your Social Security Will You Actually Keep After Taxes?
24/7 Wall St.23d agoneutral
How Much of Your Social Security Will You Actually Keep After Taxes?

Social Security benefits come with inflation protection, but the tax formula attached to those benefits does not. For retirees with pensions, IRA withdrawals, taxable investment income, or municipal bond interest, a larger benefit can quietly mean a larger federal tax bill. The result is a tax rule from the 1980s that reaches more retirees every ... How Much of Your Social Security Will You Actually Keep After Taxes?

The Dividend Growth Snowball: How Modest Income Today Can Become Serious Income Later
24/7 Wall St.28d agoneutral
The Dividend Growth Snowball: How Modest Income Today Can Become Serious Income Later

A 12% yield looks unbeatable on day one. A retiree who wants $60,000 a year needs only about $500,000 at that yield, compared with roughly $1.7 million at a 3.5% yield. But retirement income is not a one-year problem. The better question is which income stream can hold up after inflation, market cycles, and years ... The Dividend Growth Snowball: How Modest Income Today Can Become Serious Income Later

The Portfolio That Pays More Than A Full-Time Minimum Wage Job
24/7 Wall St.29d agoneutral
The Portfolio That Pays More Than A Full-Time Minimum Wage Job

A full-time worker earning the federal $7.25 minimum wage trades 2,080 hours for about $15,080 in gross annual pay. A dividend portfolio can produce the same gross income without a time clock, but the required portfolio can range from about $151,000 to more than $500,000 depending on the yield. That gap is the whole story. ... The Portfolio That Pays More Than A Full-Time Minimum Wage Job

Coca-Cola’s new flavors reveal larger strategy
TheStreet30d agoneutral
Coca-Cola’s new flavors reveal larger strategy

Coca-Cola (KO) just gave its fans something new, but it’s not making it easy to get. The beverage giant just rolled out five new flavors, doubling down on a strategy that looks far from being a typical soda launch and more of a scarcity play. So it’s not looking to flood grocery aisles or ...

Coca-Cola launches exclusive soda flavor at fast-food giant
TheStreet35d agoneutral
Coca-Cola launches exclusive soda flavor at fast-food giant

Coca-Cola (KO) has a secret weapon in the soda wars, and it’s not simply another bottle on the grocery-store shelf. A big part of that is its Freestyle machine, which gives customers something PepsiCo has never been really able to match at the same scale. Now Coca-Cola is using that advantage again ...

Bloomberg36d agoneutral
Kalshi Finagled a World Cup Sponsorship Deal at a Deep Discount

(Bloomberg) -- When the World Cup knockout round began Sunday, Kalshi joined the likes of Coca-Cola, Visa and Adidas with sideline advertising in the stadiums — an unusual addition, given that the event is halfway over, and also that FIFA already signed up an “official prediction markets partner” in ADI Predictstreet, a startup with ties to the Abu Dhabi royal family. Most Read from BloombergSpaceX IPO Left Mirae With No Shares on MisunderstandingYen Hits Four-Decade Low in Historic Slide That’s

Coke, IRS Clash in Appeals Court Over $20 Billion Tax Fight
The Wall Street Journal41d agoneutral
Coke, IRS Clash in Appeals Court Over $20 Billion Tax Fight

Coca-Cola asked a federal appeals court Thursday to overturn a U.S. Tax Court decision that put the company on the hook for more than $20 billion in taxes and interest, contending that the Internal Revenue Service engaged in an unfair and retroactive bait-and-switch in how it calculated Coke’s foreign profits. The IRS challenged Coke’s tax returns for 2007 through 2009, and the outcome of the case will affect the company’s payments for every year since then. Gregory Garre, arguing for the company before a three-judge panel in Miami, pointed to a 1996 Coke-IRS agreement and subsequent IRS statements that accepted the company’s method for calculating how much profit was assigned to the U.S. and how much was attributed to lower-taxed foreign countries.

67 With $1.5 Million. Here Are My 3 Defensive Anchors
24/7 Wall St.43d agoneutral
67 With $1.5 Million. Here Are My 3 Defensive Anchors

The Fed’s pivot toward a rate-hike bias changes the math for a 67-year-old with $1.5 million in a 401k. Bond reinvestment risk just got more interesting, but equity duration got more dangerous. My answer is three Dividend Kings whose payouts have survived every rate regime since the Eisenhower administration. Here is the safety case for ... 67 With $1.5 Million. Here Are My 3 Defensive Anchors