As part of an initiative called Coming Together, the Coca Cola company pledged to fight obesity on Wednesday, as the company promised to slap calorie counts on all its packaging, news reports said. They have also promised to cease advertisements directed at kids. Its company has taken increased concerns over its sugar-stuffed beverages.
Oreck Corporation, the Nashville-based manufacturer of upright vacuums and cleaning products, filed for Chapter 11 bankruptcy protection and could reach an agreement to sell its assets in a few days, court filings revealed, as reported in The Tennessean. A Chapter 11 filing will allow Oreck to consolidate its assets and restructure its finances as part of an effort to sell the business, the company said in a statement released Tuesday
A court in Palma, on the island of Mallorca, has named Spain's Princess Cristina as a suspect in a corruption case involving her husband. The case revolves around claims that her husband and his former business partner, Diego Torres had embezzled about 6 million euros of public funds to companies they controlled. They are accused of siphoning off money paid by regional governments to stage sports and tourism events to Noos Institute, a nonprofit group which the Duke of Palma was chairman from 2004 to 2006.
Apple CEO Tim Cook apologized in a formal letter sent to China, addressing the growing controversy over the company's warranty polices there, CNN reported. Posted to China's Apple's website, Cook discussed the changes the company intends to make in order to offer better customer service, and change the terms for some of its iPhones, which are sold, and many were reportedly defective in China.
