Take Stock – December 9

Gatorade confirmed Tuesday it is discontinuing its Tiger Woods drink but says it made the decision before the golfer’s car accident led to a media firestorm surrounding his personal life.

Gatorade confirms it’s dropping Tiger drink

Gatorade confirmed Tuesday it is discontinuing its Tiger Woods drink but says it made the decision before the golfer’s car accident led to a media firestorm surrounding his personal life. The decision to drop the drink, called Tiger Focus, was first reported by trade publication Beverage Digest in an issue dated Nov. 25, two days before the incident at Woods’ home in Florida. The publication’s editor, John Sicher, said he learned of the decision the week of Nov. 9. The brand — a unit of PepsiCo Inc. — says the decision does not have to do with recent events. A spokesman says the decision came several months ago. The drink debuted in March 2008.

Beverage Digest estimates it represents less than five per cent of Gatorade’s volume. Sales volume of Tiger Focus was down 34 per cent this year through October.

Top court hears Black appeal

The U.S. Supreme Court’s panel of nine justices appeared to provide some vindication to Conrad Black on Tuesday, suggesting the federal law that helped convict the former business mogul is excessively vague and could ensnare almost every American employee.

The Canadian-born Black, who’s serving a 6 1/2-year prison sentence for mail fraud and obstruction of justice, wasn’t present for the hearing at the highest court in the land because he’s not been released on bail. Family members, including his daughter, Alana, and son, James, were in attendance in the ornate courtroom. Black’s appeal from his Florida jail cell is a last-ditch effort to overturn his fraud conviction. A U.S. jury in Chicago found Black and two other Hollinger executives guilty of defrauding the company to the tune of $6.1 million by giving themselves illegal bonuses. But Black has long contended it wasn’t his intention to cause economic harm to his company, and that he was entitled to the money.

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