Coca-Cola takes $1.3 billion stake in Green Mountain
(Reuters) – Green Mountain Coffee Roasters Inc, maker of the popular Keurig one-cup coffee brewer, said on Wednesday the Coca-Cola Co had bought a 10 percent stake in it for $1.25 billion and would help launch Green Mountain’s new cold drink machine pl…
Disney shares jump as film hit ‘Frozen’ heats up profit
LOS ANGELES (Reuters) – Media company Walt Disney Co reported higher profit for the quarter that ended in December, beating Wall Street expectations due to growth at sports network ESPN and the blockbuster performance of its animated hit film “Frozen.”…
Wall Street ends lower, but able to bounce off support
NEW YORK (Reuters) – U.S. stocks slipped on Wednesday as technical support offset the latest batch of mixed data, which failed to lift sentiment after a string of soft economic indicators earlier in the week.
Disney profit beats forecasts with ESPN, ‘Frozen’
LOS ANGELES (Reuters) – Media company Walt Disney Co reported higher profit for the quarter that ended in December, beating Wall Street expectations with growth at sports network ESPN and the strong performance of its animated hit film “Frozen.”
Investors see Puerto Rico downgrade curbing appeal of its bonds
NEW YORK (Reuters) – Puerto Rico will face trouble selling bonds after Standard & Poor’s cut its credit rating to junk status, spelling possible trouble for the cash-strapped U.S. territory as it tries to push ahead with debt deals worth as much as $2 billion, some big institutional investors said on Wednesday.
Lawmakers hear warnings of U.S. companies’ lax data security
WASHINGTON (Reuters) – The Illinois official who is leading a multi-state probe into recent high-profile data breaches told U.S. lawmakers on Wednesday that companies whose systems have been hacked often have failed to take basic security precautions.
A hawk pushes against majority at Fed on trimming stimulus
BIRMINGHAM, Ala./NEW YORK (Reuters) – Going a step further than his colleagues at the Federal Reserve, a hawkish policymaker said on Wednesday the U.S. central bank should wind down its bond purchases faster than planned and end it before mid-year.
Twitter’s sputtering user growth unnerves investors
SAN FRANCISCO (Reuters) – Twitter Inc reported its slowest pace of user growth during the fourth quarter, dimming hopes that the social media phenomenon can sustain its torrid pace of expansion and wiping out more than 10 percent of its value on Wednes…
Exclusive: Deutsche Bank fires Argentine trader in wake of FX probe: source
NEW YORK (Reuters) – Deutsche Bank has fired a currency trader in Argentina amid investigations by global regulators into alleged manipulation of the foreign exchange market, according to a source familiar with the matter, bringing to four the number o…
Labor agency move to speed union elections draws business ire
WASHINGTON (Reuters) – The government agency that oversees labor relations in private-sector workplaces said on Wednesday it plans to update unionization rules so the process is faster, drawing criticism from business groups.
