Stumptown in a K-Cup? Keurig deal brings margin opportunity
NEW YORK (Reuters) – Taking coffee maker Keurig Green Mountain Inc private will give JAB Holding Co an opportunity to press for higher margins and even increase prices for the single-serve K-Cups used in about 21 million U.S. homes, analysts and indust…
Volkswagen diesel civil suits to be heard in California
WASHINGTON (Reuters) – More than 500 civil lawsuits filed against Volkswagen AG over the use of software to evade emissions limits will be heard by a federal judge in California, a U.S. judicial panel responsible for consolidating related lawsuits said…
Wall St. ends choppy session lower, weighed by China, oil
(Reuters) – U.S. stocks fell in a choppy session on Tuesday as lower oil prices pressured energy stocks for a fifth day and weak Chinese trade data reignited fears of a global slowdown.
Bill Gross’ Janus bond fund suffers highest monthly outflow in November
NEW YORK (Reuters) – Bill Gross’ Janus Global Unconstrained Bond Fund suffered its highest monthly outflow since its inception last month, according to fund research firm Morningstar Inc on Tuesday.
Ackman plays big role in laying out Canadian Pacific rail deal
BOSTON (Reuters) – Billionaire investor William Ackman is playing an outsized role in railway Canadian Pacific’s plan to buy rival Norfolk Southern , underscoring his efforts to bring home a deal to salvage an otherwise awful 2015 for the hedge fund ma…
Coca-Cola appoints Hendrik Steckhan to lead U.S. operations
(Reuters) – Coca-Cola Co will appoint Hendrik Steckhan as president of its U.S. operations and named Stuart Kronauge and Ivan Pollard as co-heads of U.S. marketing, according to an internal memo.
China chips away at U.S., Taiwan semiconductor dominance
HONG KONG (Reuters) – China’s multi-billion dollar drive towards self-reliance in semiconductors has spawned a cluster of chip designers that industry experts say could eventually rival leaders Qualcomm Inc and MediaTek Inc .
UAW launches strike at auto supplier Nexteer’s U.S. operations
DETROIT (Reuters) – Union workers at Nexteer Automotive Group Ltd’s plant in Saginaw, Michigan, walked off the job early Tuesday after rejecting a proposed contract, halting production of steering systems and other components essential to vehicle produ…
Aston Martin deciding between UK, U.S., Middle East for new plant: source
LONDON (Reuters) – Luxury British carmaker Aston Martin, due to decide in the next few weeks where it will build a new plant, is choosing from four sites in Britain, the United States and the Middle East, a source familiar with the firm’s thinking told…
Morgan Stanley to take $150 million severance charge in fourth quarter
(Reuters) – Morgan Stanley will take a $150 million severance charge in the fourth quarter related to a workforce reduction, a company spokesman said on Tuesday.
