Sunday, April 13, 2008

Beverage Stocks Fall As Broader Market Pulls Back on Disappointing General Electric Results

NEW YORK (AP) -- Major beverage stocks fell in early trading Friday as the broader market pulled back on disappointing first-quarter results and outlook from General Electric Co., stirring concern that more big businesses will report similar results.

How shares of some major beverage makers performed just after the opening bell:

PepsiCo Inc. shed 37 cents to $71.33.

Molson Coors Brewing Co. slipped 40 cents to $54.25.

Anheuser-Busch Cos. fell 36 cents to $48.15.

Coca-Cola Co. fell 60 cents to $60.73.

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