Tim Hortons to battle Starbucks; price rises likely
TORONTO (Reuters) – Canadian coffee and donut chain Tim Hortons, which has offered only one coffee blend in its 50-year history, hopes to lure new coffee drinkers and fend off rivals such as Starbucks Corp and McDonald’s Corp with the launch throughout…
San Bernardino starts bondholder talks two years after bankruptcy
RIVERSIDE Calif. (Reuters) – San Bernardino, California, has begun face-to-face talks with some of its biggest creditors – bondholders and insurers – for the first time, two years after filing for bankruptcy in a case that has slowed to a crawl in the …
Ebay in talks to take bitcoins at payments unit : WSJ
SAN FRANCISCO (Reuters) – Ebay Inc’s PayPal is in talks with Coinbase Inc and other bitcoin transaction providers to integrate the virtual currency within its Braintree payments system, The Wall Street Journal reported on Thursday.
Pershing Square sues U.S. over Fannie Mae, Freddie Mac
(Reuters) – Pershing Square Capital Management LP, the hedge fund firm run by William Ackman, on Thursday sued the U.S. government, claiming that its stripping of profits from Fannie Mae and Freddie Mac unconstitutionally short changes investors in the…
Argentina dubs holdouts an ‘international mafia’ as deal hopes fade
BUENOS AIRES (Reuters) – Argentina branded the hedge funds suing the country over their debt holdings an “international mafia” on Thursday after talks to bring a swift end to its latest default collapsed and sent Argentine bond prices tumbling.
Berkshire Hathaway stock hits new milestone at $200,000
(Reuters) – Berkshire Hathaway Inc’s share price on Thursday surpassed and closed above $200,000 for the first time, the latest milestone for a company that Warren Buffett has built over nearly five decades into what some analysts view as a microcosm o…
Coca-Cola to buy 16.7 percent stake in Monster Beverage
NEW YORK (Reuters) – Coca-Cola Co. said Thursday it is making a cash payment of $2.15 billion for a 16.7 percent stake in Monster Beverage Corp as the company seeks to expand into faster-growing categories like energy drinks.
Rail oil tankers, victim of U.S. safety rules, also unwanted in Canada
WASHINGTON/CALGARY (Reuters) – Thousands of oil train tankers soon to be deemed obsolete in the United States are unlikely get a second life in Canada’s oil sands industry, undercutting a U.S. government forecast that the costly cars will continue in u…
Sprint will introduce ‘disruptive’ prices next week: new CEO
OVERLAND PARK KANSAS/ WASHINGTON (Reuters) – Sprint Corp will implement “very disruptive” prices next week, newly appointed Chief Executive Officer Marcelo Claure said at a company-wide town hall meeting on Thursday, according to the telecommunications…
Wall Street ends higher after Ukraine concerns ease
NEW YORK (Reuters) – U.S. stocks advanced on Thursday after conciliatory comments from Russia helped ease concerns about escalation of the conflict in Ukraine and offset some uninspiring earnings.
