The Revolution Growth fund, started by the former AOL chairman, will invest $22 million in the restaurant chain.» Read More
Nov 13- Shares of Extended Stay America Inc rose as much as 19 percent in their market debut on Wednesday, valuing the hotel chain at about $4.8 billion as investors bet on the recovery in the U.S. hotel sector.
U.S. stock index futures pointed to a lower open on Wall Street on Wednesday as investors digested mixed signals from the Fed.
Happy Wednesday. We're wrapping up here at the Schwab IMPACT conference, but the week is but halfway done.
Some of the names on the move ahead of the open.
Nov 13- Starbucks Corp said it would restate fourth-quarter results to show an operating loss of $2.12 billion to reflect damages related to its dispute with Kraft Foods. Starbucks shares were down 1.8 percent at $79.15 in trading before the bell.
Nov 13- Starbucks Corp said it would restate fourth-quarter results to show an operating loss of $2.12 billion to reflect damages related to its dispute with Kraft Foods.
*US Airways shares fall after antitrust settlement. *Dish Network's stock up on quarterly results. Driving the market "has been worries over the timing of the taper," said Quincy Krosby, market strategist with Prudential Financial, which is based in Newark, New Jersey.
Nov 12- Starbucks Corp must pay Kraft Foods $2.76 billion after it ended the companies' grocery deal at least three years early, the coffee chain said on Tuesday. An arbitrator ruled that Starbucks must pay $2.23 billion in damages plus $527 million for interest and legal fees, Starbucks said. Based on the rules of binding arbitration, Starbucks cannot appeal.
Hope you're limber. There could be some pretty fast moves in the market.
Companies making headlines after the bell Tuesday.
Nov 12 (Reuters)- Starbucks Corp said on Tuesday an arbitrator has ruled that it must pay Kraft Foods $2.23 billion in damages plus $527 million in prejudgment interest and attorneys fees after the coffee chain's early termination of the companies' grocery deal.
CNBC's Dominic Chu reports Kraft is entitled to $2.23 billion in damages from Starbucks in a packaged coffee dispute and will also pay $527 million in interest and legal fees.
Nov 12- Starbucks Corp said on Tuesday an arbitrator has concluded that it must pay Kraft Foods Group Inc $2.23 billion in damages plus $527 million in prejudgment interest and attorneys fees after the coffee chain's early termination of the companies' grocery deal. Kraft began selling bags of Starbucks coffee in grocery stores beginning in September 1998.
The Fed’s low-rate policy is supposed to stimulate lending, but banks prefer minimal earnings on cash to the risk of building up consumer lending.
Founded by a disabled vet, Mischler Financial offers servicemen and women with financial experience a unique opportunity.
Just in time for Veterans Day, it turns out more vets find that their technical machinery skills are a neat fit at U.S. manufacturing plants.
TORONTO, Nov 7- Canadian coffee and doughnut chain Tim Hortons Inc, which is exploring ways to expand in an intensely competitive market, reported an 8 percent rise in quarterly profit as same-store sales improved slightly in the United States.
Nov 7- Canadian coffee and doughnut chain Tim Hortons Inc reported an 8 percent rise in quarterly profit as same-store sales improved slightly in the United States. The company, which says it sells eight of every 10 cups of coffee sold in Canada, said U.S. same-store sales rose by 3 percent, while same-store sales in Canada increased 1.7 percent.
Nov 6- Whole Foods Market Inc on Wednesday lowered its sales forecast for fiscal 2014, citing price cuts to keep up with competitors, and shares fell 9.5 percent in after-hours trading.
Nov 6- Starbucks Corp is looking for thousands of good men- and women. Starbucks cafes on or near military bases will share a portion of each sale with non-profit organizations that help veterans re-enter the workforce.