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Reported by Star-Bulletin staff & wire
Tuesday, December 26, 2000
Report: Coke to sell milk drinks for kids
NEW YORK -- Beverage giant Coca-Cola Co will begin marketing milk drinks for children younger than 12 years old next year, the Wall Street Journal reported in its online edition today."Project Mother" is what the company is calling its initiative to develop milk drinks, the paper said. The newspaper said Coke plans to test more than five types of milk-based products, according to the company's head of innovations directed at kids, Victoria Reid.
Coke will test the drinks in Europe, Latin America and the United States, the newspaper said. Coke's shares closed up $1.13 today at $60.
Strong holiday sales boost Yahoo! shares
SANTA CLARA, Calif. -- Yahoo! Inc. shares rose today after the Internet's most-used search service said holiday orders at its shopping sites surged.Yahoo gained $1.63 today at $31.19. The shares of some Internet retailers also rose, with Amazon.com Inc. increasing $1.38 at $16.94.
U.S. orders to Yahoo! shopping sites almost doubled this holiday season, and orders from outside the United States increased more than sixfold, the company said. About 85 percent of Yahoo's revenue comes from advertisements.
In other news . . .
IRVINE, Calif. -- Newport Corp., a maker of equipment used to produce semiconductors and fiber-optic parts, agreed to acquire closely held Kensington Laboratories Inc., a privately held maker of robotic systems, for as much as $319.8 million in stock.