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Coke Zero, dangerous? Venezuela says yes

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Coke Zero canIt's bad enough that Coca-Cola (NYSE: KO) killed its C2 brand a few years ago -- I still have one memorial (empty) can I keep in my china cabinet for posterity. Now Coke Zero, the soft-drink behemoth's alternative for those of us that don't quite dig the Diet Coke taste, poses a "danger to health" in South America? What the what?

Yesterday, the Venezuelan government ordered Coca-Cola to pull the Coke Zero brand from the country's shelves, claiming unspecified health risks. The nation's health minister simply said that the zero-calorie fizzy drink "should be withdrawn from circulation to preserve the health of Venezuelans."

Is it the artificial sweetener causing the issue, or perhaps sour grapes? Coca-Cola's local bottler, Femsa, has been dealing with labor problems in the country. Last year, former workers reportedly blocked the plants, demanding back pay.

Coca-Cola says things remain copacetic, issuing a statement that "Coca Cola Zero is made under the highest quality standards around the world and meets the sanitary requirements demanded by the laws of the Bolivarian Republic of Venezuela."

Beth works for The Options News Network (www.ONN.tv), which provides daily stock and options commentary. The above comments are not intended as trading advice.

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Last updated: November 24, 2009: 07:16 AM

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