On Friday, Shares of The Coca-Cola Company (NYSE:KO), lost -0.35% to $39.96.
The Coca-Cola Company, and Monster Beverage Corporation (MNST) declared recently the closing of the formerly declared planned partnership related to an equity investment, business transfers and expanded distribution in the global energy drink category. As a result of the transaction, The Coca-Cola Company now owns an approximate 16.7% stake in Monster.
The Coca-Cola Company transferred ownership of its worldwide energy business, counting NOS, Full Throttle, Burn, Mother, BU, Gladiator, Samurai, Nalu, BPM, Play and Power Play, Ultra and Relentless, to Monster, and Monster transferred its non-energy business, counting Hansen’s Natural Sodas, Peace Tea, Hubert’s Lemonade and Hansen’s Juice Products, to The Coca-Cola Company.
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company primarily offers sparkling beverages and still beverages. Its sparkling beverages comprise nonalcoholic ready-to-drink beverages with carbonation, such as carbonated energy drinks, and carbonated waters and flavored waters.
Shares of QUALCOMM Incorporated (NASDAQ:QCOM), declined -0.85% to $67.03, during its last trading session.
QUALCOMM Incorporated, declared the appointment of Frank Meng as chairman of Qualcomm China and the departure of Xiang Wang, senior vice president and president of Qualcomm Greater China. Meng’s appointment will be effective June 15, 2015 and he will report directly to Derek Aberle, president of Qualcomm Incorporated.
Meng has 30 years of telecommunications experience, eight of those with Qualcomm, which comprised of serving as senior vice president and president of Qualcomm Greater China from 2008 to 2010. Most recently, Meng was President of 21Vianet Group in Beijing, where he was responsible for planned planning, branding and marketing, government affairs and planned initiatives. Preceding to 21Vianet Group, he was with Motorola Mobility in Beijing where he served as senior vice president and president of Greater China, responsible for overseeing all aspects of Motorola’s Mobile Devices business and sales operations for China, Hong Kong and Taiwan.
Meng holds a bachelor’s degree of science in Microwave and Fiber Optic Communications from Beijing University of Posts and Telecommunications, and a master’s degree of science in Electrical Engineering from the Polytechnic University of New York.
QUALCOMM Incorporated designs, develops, manufactures, and markets digital communications products and services in China, South Korea, Taiwan, and the United States. The company operates through three segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Planned Initiatives (QSI).
Finally, Invesco Ltd. (NYSE:IVZ), ended its last trade with 0.28% gain, and closed at $39.47.
Invesco, stated preliminary month-end assets under administration (AUM) of $812.4 billion, an enhance of 0.1% month over month. The enhance was driven by favorable market returns which were largely offset by slight long-term net outflows and foreign exchange. FX reduced AUM by $2.4 billion during the month. Preliminary average total AUM for the quarter through May 31 were $813.1 billion, and preliminary average active AUM for the quarter through May 31 were $668.4 billion.
Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds. Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds.
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