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News Summary: Coca-Cola's profit rises

The Associated Press

BOTTOM LINE: Coca-Cola reported a higher profit in line with Wall Street expectations, as a gain related to a Brazil bottling transaction helped lift sluggish results.

NOT SO FIZZY: Global volume growth rose just 2 percent, with the company blaming volatile economic conditions for declines in the important Europe and Mexico markets.

BACK AT HOME: Soda volume in North America was flat, reflecting the company's yearslong struggle to sell more soda in the region. But non-carbonated drinks such as bottled waters and teas rose 5 percent.