SodaStream shares spike on report of Starbucks talks
(Reuters) – Shares in SodaStream International Ltd rose as much as 17 percent on Wednesday after the Israeli business newspaper Globes said Starbucks Corp was in advanced talks to buy 10 percent of the home soft drink maker, citing sources.
Ahead of earnings, Caterpillar dealer data paints mixed picture
(Reuters) – Caterpillar Inc released unaudited dealer sales data on Wednesday that showed a deepening deterioration in global demand for its mining equipment but a continued, albeit modest, rebound in sales of construction equipment as well as reciproc…
Toyota stays at the top in first quarter after outselling GM, Volkswagen
TOKYO (Reuters) – Toyota Motor Corp kept its position as the world’s best-selling car maker in the first quarter of 2014, beating rivals Volkswagen AG and General Motors Co after it sold record 2.58 million vehicles globally.
GM said it has shipped thousands of replacement ignition switches
DETROIT (Reuters) – General Motors Co on Wednesday said it has shipped “thousands” of kits needed to repair the defective ignition switches linked to at least 13 deaths.
BlackRock cuts stake in Italian lender Monte Paschi
MILAN (Reuters) – Asset manager BlackRock has cut its stake in Monte dei Paschi di Siena less than a month after becoming the Italian bank’s single biggest shareholder, raising questions over who will buy into the lender’s imminent capital increase.
TD Ameritrade 2nd quarter profit up 35 pct on net new assets
NEW YORK (Reuters) – TD Ameritrade Holding Corp , the biggest U.S. discount broker, said profit in its fiscal second quarter jumped 34.7 percent to $194 million on record revenue driven by net new client assets of $12.2 billion.
Cost controls boost Dow Chemical margins, profit tops estimates
(Reuters) – Dow Chemical Co , the No. 1 U.S. chemical maker by sales, reported a stronger-than-expected rise in quarterly profit as cost controls helped to boost margins in its divisions that make coatings, plastics and crop-protection products.
U.S. factory activity expands in April, pace stalls
NEW YORK (Reuters) – The U.S. manufacturing sector expanded in April though the rate of growth was slightly lower than expected as inventories fell, but factory output growth hit its fastest pace in three years, an industry report showed on Wednesday.
Settlement time for U.S. trades closer to being shortened
NEW YORK (Reuters) – The Depository Trust & Clearing Corporation, which processes all U.S. stock and fixed income trades, said on Wednesday it supports shortening the settlement cycle for U.S. equities, corporate and municipal bonds, and unit investment trust trades.
Procter & Gamble quarterly profit rises on home care sales
(Reuters) – Procter & Gamble Co , the world’s largest household products maker, reported a higher than expected quarterly profit on Wednesday, helped by an increase in home care products sales and better cost control.
