real-time news and commentary for investors
Tuesday, Jul 30
Soda ban struck down again in New York City
- An appellate judge in New York upheld a ruling striking down a large-sized soda ban in New York City, setting the stage for the case to move on up to the New York Court of Appeals.
- The issue has come up in the NYC Mayoral race with leading candidate Christine Quinn and disgraced contender Anthony Weiner both in support of soda sizes without limits.
- Execs with Coca-Cola (KO +0.2%), PepsiCo (PEP +0.2%), and Dr. Pepper Snapple (DPS -0.4%) have been quietly confident that events in the Big Apple would go their way, but still face a larger issue of sluggish soda drink sales in the U.S. due in part to health concerns.