On Thursday, Shares of The Coca-Cola Co (NYSE:KO), lost -0.39% to $41.10.
The Coca-Cola Company declared James Quincey has been named President and Chief Operating Officer (COO), effective right away. As President and COO, Quincey will have responsibility for all of the Company’s operating units worldwide. He will report directly to Chairman and Chief Executive Officer Muhtar Kent.
Quincey, 50, is a 19-year veteran of Coca-Cola and since 2013 served as President of The Coca-Cola Company’s Europe Group, which comprises 38 countries, counting the Member States of the European Union, the European Free Trade Association countries and the Balkans. Under Quincey’s leadership, the Europe Group, the Company’s most profitable operating group, plannedally expanded its brand portfolio and improved execution across the geography. These actions assisted drive solid topline growth and expanded the Company’s leading market share position in total nonalcoholic ready-to-drink (NARTD) beverages despite the volatile and prolonged macroeconomic challenges in the region.
Quincey also played an instrumental role in leading the recently declared projected merger of Coca-Cola Enterprises, Coca-Cola Iberian Partners and Coca-Cola Erfrischungsgetranke AG to form Coca-Cola European Partners Plc., in what will become the world’s largest independent Coca-Cola bottler based on net revenues.
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 Energy XXI Ltd (NASDAQ:EXXI), declined -4.47% to $1.71, during its last trading session.
Energy XXI, declared a $1.8125 per share quarterly dividend on its shares of 7.25% Convertible Perpetual Preferred Stock, which have a face value of $100 per share, and a $3.5156 per share quarterly dividend on its shares of 5.625% Convertible Perpetual Preferred Stock, which have a face value of $250 per share. Dividends on both issues will be paid in cash on September 11, 2015 to the holders of record on August 28, 2015. The company presently has 3,000 shares of its 7.25% Convertible Perpetual Preferred Stock outstanding and 812,759 shares of its 5.625% Convertible Perpetual Preferred Stock outstanding.
In an effort to preserve capital, the Board of Directors has decided to suspend the declaration of quarterly dividends on the company’s common stock. Any dividends for Energy XXI common stock will be determined on a quarterly basis, with the amount dependent upon earnings, financial condition, and capital requirements among other factors.
Energy XXI (Bermuda) Limited is engaged in the acquisition, exploration, development, production, and operation of oil and natural gas properties onshore in Louisiana and Texas, and on the Gulf of Mexico.
Finally, Akamai Technologies, Inc. (NASDAQ:AKAM), ended its last trade with -0.11% loss, and closed at $73.84.
Akamai Technologies declared that in a unanimous decision the U.S. Court of Appeals for the Federal Circuit sitting en banc held that Limelight Networks, Inc. is liable for direct infringement of a content delivery patent asserted by Akamai. In 2008, a jury had returned a verdict that Limelight was infringing the patent and awarded Akamai over $45 million in damages.
Today’s ruling reinstates liability for infringement, which had been overturned in a post-trial ruling that has been the subject of appellate proceedings since.
“We are extremely happy with The Federal Circuit’s decision,” said Aaron Ahola, Deputy General Counsel at Akamai. “Akamai is at the forefront of innovation on the Internet and today’s ruling recognizes the strength of our intellectual property. We believe strongly that a company’s intellectual property is a vital asset, which must be defended to protect shareholder value. ”
Akamai Technologies, Inc. provides cloud services for delivering, optimizing, and securing online content and business applications in the United States and internationally.
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