Starbucks faces higher milk, coffee costs
SEATTLE (Reuters) – Starbucks Corp is wrestling with higher costs for milk and coffee, the two ingredients in its popular lattes, but that does not mean its customers are going to pay more.
Bitcoin firms explore U.S. rules for derivative exchanges
WASHINGTON (Reuters) – Companies have inquired in the past month about regulations that would govern exchanges for bitcoin derivatives, a top U.S. regulator said on Wednesday, a sign such virtual currencies could become a more mainstream financial prod…
Fed may raise rates as soon as next spring, Yellen suggests
WASHINGTON (Reuters) – The U.S. Federal Reserve will probably end its massive bond-buying program this fall, and could start raising interest rates around six months later, Fed Chair Janet Yellen said on Wednesday, in a comment which sent stocks and bo…
GM must pay for pre-bankruptcy ignition deception: lawsuit
NEW YORK (Reuters) – General Motors Co was hit with a lawsuit on Wednesday demanding that the company be held liable for allegedly concealing ignition problems before its 2009 bankruptcy.
Ex-JPMorgan ‘Whale’ supervisor files claim against UK regulator
(Reuters) – A former JPMorgan Chase & Co executive fighting U.S. extradition from Spain for allegedly helping to hide more than $6.2 billion in trading losses has filed a claim against Britain’s financial regulator.
Cohen’s SAC taps analytics firm Palantir to monitor employees
BOSTON (Reuters) – Billionaire investor Steven A. Cohen hired a top Silicon Valley data analytics firm to keep closer tabs on his employees just months after his hedge fund SAC Capital Advisors pleaded guilty to insider trading charges.
JPMorgan sells physical commodities unit to Mercuria for $3.5 billion
NEW YORK (Reuters) – JPMorgan is selling its physical commodities business to Mercuria for $3.5 billion, the U.S. bank said on Wednesday, sweeping the fast-growing Swiss trading house into the top league of commodities traders.
Judge hears arguments on LightSquared bankruptcy plan
NEW YORK (Reuters) – A member of a committee helping to oversee LightSquared’s restructuring said on Wednesday he believes the company’s plan to subordinate the claims of its largest creditor, Dish Network Corp Chairman Charles Ergen, is fair.
Kodak revenue falls 18 percent on lower motion picture film sales
(Reuters) – Eastman Kodak Co , the once mighty photography pioneer that emerged from bankruptcy protection in September, reported an 18 percent fall in quarterly revenue, partly due to a decline in its motion picture film business.
Oprah gives Starbucks tea push a celebrity shot with chai drink
SEATTLE (Reuters) – Starbucks Corp will add a celebrity blend to its big tea push when it debuts “Oprah Chai,” a tea-based drink created by media mogul Oprah Winfrey.
