Coca-Cola to Cut 1,200 Jobs as Sales Slump

With sales on the down side, Coca-Cola plans to cut 1,200 jobs as part of a company-wide cost-cutting process aimed at saving $800 million a year, CNN Money reports. In comparison, Pepsi’s sales are being boosted by its ownership of Frito-Lay snacks and Quaker Oats. Whether it’s beverages or foods they’re selling, the processed foods industry is struggling to save sales and find new markets for their products, even though about 90 percent of the money Americans spend on...

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