One by one, for international companies like Coca-Cola and local companies and businesses alike, the lights are going out in Venezuela.
WASHINGTON, May 22, 2016 — One by one, for international and local companies and businesses alike, the lights are going out in Venezuela. The latest casualty: Coca-Cola (NYSE symbol: KO). The beverage and snack giant has simply run out of the raw materials required to manufacture its products. Under the current Communist regime of Venezuelan strongman Nícolas Maduro, the company is not likely to be able to remedy that situation soon.
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