While you were sleeping Coca-Cola disappoints

Tue, 16 Jul 2013

By Margreet Dietz July 17 (BusinessDesk) - Wall Street retreated from record highs as investors were disappointed with corporate earnings such as from Coca-Cola and awaited Federal Reserve Chairman Ben Bernanke's testimonial before Congress, beginning tomorrow. Shares of Coca-Cola dropped, last down 1.8 percent, after the company said quarterly profit sagged 4 percent. "Our second-quarter volume results came in below our expectations, reflecting an ongoing challenging global macroeconomic environment and unusually poor weather conditions in...

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