• Starbucks Blames Global Turmoil, Marketing Gaffe For Streak's End
    Starbucks saw sales increase by less than 5% for the first time after 25 successive quarters of hitting that target but CEO Howard Schultz offered both external and internal reasons for the stall in what he proclaimed to be "an anomaly."
  • U.S. Okays AB InBev, SABMiller Merger
    They were raising glasses of America beer and Corona Extra lager in Leuven, Belgium, and London, England, yesterday after Anheuser-Busch InBev and SABMiller got a thumbs-up for their proposed $108 billion merger from the U.S. Department of Justice. As its has proposed from the get-go, SAB Miller agreed to sell its entire U.S. business - which includes Miller High Life and Miller Lite - to Molson Coors in order to complete the largest consumer-products deal ever.
  • Unilever Pays A Handsome Penny For Dollar Shave Club
    Unilever is acquiring Dollar Shave Club, which will continue to operate as an independent - and presumably irreverent - company under founder and CEO Michael Dubin.
  • Draft Report Suggests EPA Feds May Waver On 54.5 MPG Target
    A more than 1,000-page draft report issued by federal regulators yesterday finds that automakers are falling short of reaching the fleet-wide average of 54.5 miles per gallon by 2025 specified as a target by the Obama Administration in 2012, and they're blaming it on the customer.
  • FTC Wags Its Finger And Fines Herbalife, But It Tastes Victory
    The nearly four-year battle between activist investor William Ackman and nutrition supplements company Herbalife came to a climax Friday when the Federal Trade Commission announced a $200 million settlement with the company, which also agreed to "fundamentally restructure" its compensation program so that "participants are rewarded for what they sell, not how many people they recruit."
  • Food Companies Rejoice Over House's GMO Compromise Bill
    By a wide margin, the House yesterday passed a law requiring labels on products that are made with genetically labeled organisms that has most Big Ag and food companies dancing in the laboratory aisles. It will supersede any state laws, such as the tough one in Vermont that took effect on July 1, and faces days in court over several issues. The bill passed the Senate last week, and will be signed into law, according to a White House spokeswoman.
  • Taco Bell Lags As Yum Hits The Spot
    A 1% drop in sales in Taco Bell's 6,400 outlets in the U.S tempered overall strong second-quarter results for Yum Brands, whose eateries are resurging in China, where it is the largest foreign food chain.
  • Tesla Goes On Offensive As NHTSA Wants Answers
    Even as the National Highway Traffic Safety Administration yesterday posted a nine-page letter requiring Tesla Motors to provide detailed information about the Autopilot system implicated in a fatal collision in May, executives including CEO Elon Musk mounted an offense, claiming that the technology is misunderstood by drivers and will save lives.
  • Folks Are Getting Out And Pokemon Go, Go Going
    Nintendo, with the help of Google spin-off Niantic, has finally gotten out of the house and it is taking exercise-deprived gamers with it. Pokemon Go has zoomed to the top of the Android and iTunes app stores charts and boosted Nintendo's market cap by $9 billion - a jump of 53% - since its release July 6.
  • Primed For Battle, Walmart Offers Free Shipping For 5 Days
    Walmart says it will offer free shipping on all online orders for five days starting today in an effort to steal some momentum from Amazon's second annual Prime Day, which reportedly will offer more than 100,000 deals for members worldwide tomorrow.
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