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* Pepsi-Cola unveiled its latest new product, Pepsi Blue, as the company continues to add to its lineup to compete in the key U.S. soft drink market.
The soft drink maker called the bright-blue drink “a fusion of berry and cola” flavors, and said it will be on store shelves by August.
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Coca-Cola Co. agreed to buy Seagram’s mixers business from Diageo and Pernod Ricard for an undisclosed sum. Coca-Cola also signed a long-term licensing agreement with Pernod Ricard to add Seagram’s mixers to its line of nonalcoholic beverages. Coca-Cola’s bottlers distribute more than 75% of Seagram’s mixers’ volume in the U.S.
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* Boeing Co. won Federal Aviation Administration approval for a satellite-based service that would let airline passengers use the Internet and send and receive e-mail. American Airlines, United Airlines and Delta Air Lines Inc. pulled out of plans to install the service after the Sept. 11 terrorist attacks.
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