Headlines

Coke Gets Deeper in Dairy with Core Power Stake

Coca-Cola Co is taking an ownership stake in the maker of the Core Power protein drink as the world's largest soft drink company increases its bet on milk-based beverages. The move, announced by Coke on Tuesday, is the latest proof that the battle between Coke and PepsiCo Inc has expanded into the dairy arena, which has attracted soft drink makers looking to add nutritional drinks to their portfolios. Coca-Cola said it and Select Milk Producers Inc, a cooperative of dairy farmers, were taking equal stakes in the Core Power maker, which will now be known as Fair Oaks Farms Brands LLC. (Reuters)