According to several media reports, Coca-Cola is planning to invest billions in India over the next five years.
The company reportedly said it plans to invest $2 billion in India, along with its partners there, beginning in 2012.
The investments will be in infrastructure, brand building and other programs, and will be aimed at positioning the company to benefit from potential growth in the Indian non-alcoholic ready to drink market.
In trading on Monday, general contractors & builders shares were relative laggards, down on the day by about 2.3%. Helping drag down the group were shares of Beazer Homes Usa , off about 5.8% and shares of Standard Pacific down about 5% on the day.
Also lagging the market Monday are food shares, down on the day by about 2% as a group, led down by China Nutrifruit Group Limited , trading lower by about 38.4% and Glg Life Tech , trading lower by about 23.3%.
In trading on Monday, agriculture & farm products shares were relative leaders, up on the day by about 1%. Leading the group were shares of Adecoagro SA , up about 2.6% and shares of Cresud Sacip YA Adr up about 1.4% on the day.
Also showing relative strength are aerospace & defense shares, up on the day by about 0.3% as a group, led by Astronics
) , trading... Read More
Fifth Street Finance Corporation announced its monthly dividend of 9.58 cents per share, a decrease of about 10% from its prior dividend in November of 10.7 cents. The company also announced guidance for full-year fiscal 2011 net investment income of $1.04-$1.06 per share, reflecting estimated NII for the quarter ended September 30, 2011 of $0.27-$0.29 per share.
Fifth Street Finance Corporation announced its monthly dividend of 9.58 cents per share, a decrease of about 10% from its prior dividend in November of 10.7 cents. Based on the current stock price, investors can expect a yield of about 11.7% going forward.
Viacom (VIA, VIAb) said today it will transfer its stock exchange listing to NASDAQ OMX's Nasdaq Global Select Market beginning December 1.
The company said it made the decision to switch to the Nasdaq from NYSE Euronext
)'s New York Stock Exchange because it will be more cost effective, while still providing shareholders with... Read More
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