Business

Weather Puts A Damper On Coca-Cola Sales

Coca-Cola sales have slowed, in part because of the weather. The company says global soda sales rose by only 1 percent in the second quarter — less than expected. Coke's CEO cited rain and cold temperatures in the U.S., which seems to have put a damper on consumers' desire for a refreshing soft drink.

Wal-Mart Threatens To Pull Out Of D.C. Over Wage Requirements

Wal-Mart says it will not build three of the six stores planned for Washington, D.C., after the city council passed a bill that would require the retailer to pay a wage nearly 50 percent higher than the city's minimum wage. Those three stores would be located in mostly low-income areas, with high unemployment and few places to shop. A similar situation once played out in Chicago.