Coke, which is buying 17 percent of Monster, has long been savvy about liquid hedges. The company was an early mover on bottled water, with Dasani, and its Minute Maid is dominant in juice. It bought the Vitaminwater brand in 2007 and Honest Tea in 2011. Since January, Coke has amassed a 16 percent stake in Keurig Green Mountain (GMCR), giving it a healthy dose of coffee and coffee-making technology.
Microsoft (MSFT) on July 31 lost the latest battle in a legal war against government demands that it turn over copies of e-mails it stores in Ireland. Microsoft refused to comply on the basis that the U.S. has no authority to issue a search warrant outside its territory, arguing that the government should instead act through its mutual legal assistance treaty with Ireland.
Tesla’s second quarter results and forecast for the year head were good enough to kick the company’s shares slightly higher in after-hours trading. It reported revenue of $769 million in the second quarter, up from $405 million in the same period last year. The company’s net loss expanded to $62 million from $31 million, as Tesla spends on building its network of charging stations and service centers and on the development of its upcoming Model X SUV.