Business briefs: Tennessee roofing couple buy AMI home
Tennessee couple buys AMI home
HOLMES BEACH -- The owners of a Tennessee roofing company purchased a new Anna Maria home.
On Oct. 14, Roger and Penny Austermiller, owners of Nashville roofing contractor Austermiller Inc., purchased a new, four-bedroom, three-bathroom home in Holmes Beach for $1.85 million. The home, at 688 Key Royale Drive, was built this year on a .24-acre canal lot with boat access to Bimini Bay on the north end of the barrier island.
The sale was the highest priced among single family home transactions recorded by Manatee County between Oct. 5 and Oct. 9.
The home was built on the site of an older, smaller home that was demolished to make way for the new structure. The sellers in the transaction were Matthew and Wendy Swezey of Tampa, according to county property records.
The listing agent for the property was Steven Bark of Bark & Co. Realty of Holmes Beach. The buyer's agent was Michael Northfield of Anna Maria Island Beaches Real Estate.
Coke takes hit on strong dollar, soda weakness
ATLANTA -- Coca-Cola Co. posted declines in both profit and revenue for the third quarter, citing in part the effect of a strong dollar overseas. The company's core soda products remained under pressure in North America.
Global revenue slipped almost 5 percent in the quarter, to about $11.43 billion, the Atlanta-based beverage giant reported Wednesday. Profit dropped 32 percent to $1.45 billion.
In North America -- Coke's biggest market -- overall volume grew 1 percent, but that was powered by a 7 percent gain in sales volume of waters, teas, and juices. Soft drinks, which continue to be under the gun from changing consumer habits, lagged, with volume falling 1 percent.
Diet Coke fell 9.5 percent, regular Coke fell 3 percent and Coke Zero slipped 4 percent in North America. Globally, soda volume was up 1 percent, including a 1 percent jump for regular Coke and 8 percent growth for Coke Zero. Diet Coke fell 8 percent even with global sales included.
Early rally fades, leaving stocks modestly lower
NEW YORK -- Stocks closed lower Wednesday after an early rally faded.
Energy stocks fell the most as the price of oil tumbled. Yahoo slumped 5 percent after reporting a sharp drop in a closely watched measure of revenue. Not all the earnings news was bad. General Motors rose 6 percent after reporting earnings that beat analysts' forecasts. Boeing rose 2 percent.
The Dow Jones industrial average fell 48 points, 0.3 percent, to 17,168. The Standard & Poor's 500 index fell 11 points, or 0.6 percent, to 2,018. The Nasdaq composite fell 40 points, or 0.8 percent, to 4,840.
The price of oil fell 2 percent to $45 a barrel.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.03 percent.
-- Herald staff and wire reports
This story was originally published October 21, 2015 at 11:59 PM with the headline "Business briefs: Tennessee roofing couple buy AMI home ."