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Coca-Cola gains as new drinks boost earnings

Bloomberg Coca-Cola Co.’s push to diversify its drinks and spin off company-owned bottlers is bearing fruit. The company posted sales that beat analysts’ estimates in the fourth quarter, helped by its growing beverage portfolio and reformulations. Profit also topped projections. Coke’s results validate its strategy of become a marketing and drink-formulation company — rather than a bottler. The Atlanta-based company ...

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US fights AT&T efforts to link Trump to merger controversy

Bloomberg The US Justice Department is fighting AT&T Inc.’s search for evidence that President Donald Trump is behind the agency’s antitrust challenge to the takeover of Time Warner Inc. Trump’s criticism of Time Warner’s CNN doesn’t justify AT&T’s “fishing expedition” for communications between the White House and the Justice Department, government lawyer Craig Conrath told US District Court Judge Richard ...

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Airbnb finds union it can work with after failed efforts

Bloomberg Airbnb Inc. cafeteria workers are joining the United Auto Workers, a new twist in the home-rental company’s troubled relationship with organised labour. The United Auto Workers won a union contract covering nearly 150 cafeteria workers at four Airbnb facilities. It’s the latest development in a unionization trend among tech companies’ sub-contracted staff. “Every worker should be treated with dignity ...

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