Coca-Cola reported an 8.3 percent fall in quarterly earnings, hurt by the separation of its bottling operations in Brazil and the Philippines. The company's net income fell to $1.71 billion, or 38 cents per share, in the fourth quarter ended December 31, from $1.86 billion, or 41 cents per share, a year earlier. Revenue fell 3.6 percent to $11.04 billion. Excluding foreign exchange fluctuations and the separation of the bottling operations, revenue rose 4 percent.
Sony's PlayStation 4 is still proving popular among gamers. The company announced on Tuesday that total PlayStation 4 sales to consumers reached 5.3 million units on February 8. Sony's console has proven popular around the world, but it's also tops in the US. Last week, in fact, research firm NPD revealed that the PlayStation 4 was the best-selling console in January, beating out the Xbox One. It's already available in North America, Latin America, Europe, and Asia.
Foreigners sold $45.9 billion in long-term U.S. assets in December, compared with outflows of $28.05 billion the previous month, data from the U.S. Treasury showed on Tuesday. Including short-dated assets such as bills, overseas investors sold $119.6 billion in December, compared with outflows of $13 billion the prior month.