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5.39%XLF 9.68 3.09%
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NEW YORK - Shares in many beverage companies and their bottlers fell Monday amid a sharp market decline as investors feared that Congress won't approve a financial bailout package.
In a major setback, the House defeated a $700 billion emergency rescue package on Monday, 228-205, despite urgent pleas from President Bush and bipartisan congressional leaders to quickly bail out the staggering financial industry.
Many stocks, already down before the vote was announced, tumbled further.
Shares in The Coca-Cola Co. fell 42 cents to $52.06 in mid-afternoon trading.
Its biggest bottler Coca-Cola Enterprises Inc. fell 75 cents, or 4.3 percent, to $16.59.
PepsiCo Inc., the food and drink company, fell $1.14 to $70.57.
Pepsi Bottling Group fell $1.57, or 5.2 percent, to $28.74.
China's bid to establish its own next generation mobile phone technology standard got a boost from the world's biggest cell phone maker...
U.S stocks fell on Wednesday as investors grew concerned that a bailout loan package for ailing automakers would fail to be approved by U.S. lawm...
An international meeting has set new guidelines aimed at preventing tobacco companies from trying to influence national and global health policy....
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