Coca-Cola Co. (KO) Goes Flat in Japan
The current negativity surrounding the relay of the Olympic torch as it makes its way across the globe is having effects on large sponsors. Coca-Cola has canceled its plans to sponsor a float during the Japanese leg of the relay, in an obvious sign that the recent protests and bad press over China's treatment of Tibet are scaring away business. Japan's Coca-Cola unit initially planned to have a logo-laden vehicle precede the torch runners as they made their way through Japan on Friday. The company has withdrawn this plan, citing "security concerns", according to a spokeswoman. She did, however, claim…