Business news briefs: Flavor drops by Coca-Cola set for release within weeks
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Coca-Cola's newest drink won't come in a bottle or a can. And people will only need a squirt or two to quench their thirst. The world's largest beverage company is introducing Dasani Drops in coming weeks, which can be squeezed into water for some on-the-spot fruity flavor. The flavor drops category was pioneered by Kraft Food Inc.'s MiO, which was introduced in March of last year.As with Kraft's MiO drinks, Dasani Drops use artificial sweeteners and have zero calories.
Wizzard Software, a Shadyside-based podcasting company, announced it is planning to pay shareholders of record as of last Wednesday for shares they hold for subsidiary Future Healthcare of America. Shareholders should receive payments around Oct. 1.
General Motors Co., as part of its effort to increase its internal information technology abilities, said it will hire about 10,000 workers over the next three to five years. The first part of that effort was announced Friday with GM saying it will hire as many as 500 people at a new computer center in Austin, Texas.
Intel's sales are falling at a rate that blindsided the chip-maker's management. The foreboding news came out Friday in revisions to Intel Corp.'s financial guidance for its current quarter. Intel now expects to post third-quarter revenue of $13.2 billion. That would represent a 7 percent decline from the same time last year when Intel's revenue totaled $14.2 billion. The projection also is well below a management forecast in July that envisioned third-quarter revenue ranging from $13.8 billion to $14.8 billion.
Germany's Lufthansa and a union representing cabin crews agreed Friday to take their bitter pay dispute to arbitration after flight attendants walked off the job at airports around the country, forcing the airline to cancel hundreds of flights. Negotiations between Lufthansa and the union broke down over differences on pay, and union demands that the airline agree not to outsource jobs or employ temporary cabin crew employees. The arbitration process will put any further strikes on hold until both sides have decided whether to accept or reject the result, Lufthansa said.
Allegheny Technologies elected former Boeing executive Carolyn Corvi, 60, to its board, increasing the number of directors to 11.
First Published September 8, 2012 12:00 am