By and large, there was lot of happy news in McDonald's fourth quarter and full year 2017 results, but the stock took a beating on fears that the renewed focus on cheap eats will cannibalize sales of pricier menu items.
Keurig Green Mountain will become the distant No. 3 player in the carbonated soft drink market with its $18.7 billion acquisition of Dr Pepper Snapple Group yesterday, but the deal is about a lot more than selling fizzy soda pop. The division of Luxembourg-headquartered JAB Holding will be known as Keurig Dr Pepper, a new, publicly traded beverage company.
Ingvar Kamprad, a dyslexic Swedish farm boy who became one of the world's richest men by founding IKEA when he was 17, building it into a global empire that now has 355 stores in 29 countries, and leaving millions of frustrated consumers bearing a fistful of mismatched screws in his wake, died over the weekend at age 91.
No, it's not bad PR from a fictional fire caused by an unnamed, faultily wired slow cooker that sent Newell Brands stock tumbling more than 20% yesterday. It's bad results from a hodgepodge of brands that found the company announcing yesterday that it is "exploring strategic options" for its consumer brands - including Rawlings, Goody, Rubbermaid Outdoor, Closet, Refuse and Garage, and U.S. Playing Cards - and its commercial product assets including Waddington, Process Solutions, Rubbermaid Commercial Products and Mapa.
As part of the "reimagination" of its business with the customer in mind and the "reinvention" of its brands, Toys "R" Us is closing 180 stores - one fifth of its current number - across the country from early February through April. It will also co-brand a number of other locations as combined Toys "R" Us/Babies "R" Us stores.
The Trump Administration's announcement Monday that it will impose tariffs on solar cells and modules manufactured in other countries has consumers fretting about the probable higher cost of buying a system, clean energy advocates up in arms about the perceived blow to an increasingly viable alternative to fossil fuels and installers warning that the decision will stall the industry's growth and cost Americans jobs.
As imbibers worldwide drink less - but pricier - alcohol, Bacardi is buying out the reported 70% of superpremium tequila maker Patron Spirits Co. it does not already own in a deal estimated to be worth $5.1 billion. Patron's portfolio also includes Pyrat Rum, which it launched in 1996, and Ultimat, an ultra-premium Polish vodka it acquired in 2007.
You won't need your wallet or credit cards but you do need a special Amazon Go app to get into the new convenience store that's opening to the public in 1,800 square feet of retail space on the bottom floor of the company's downtown Seattle headquarters today.
The good news for Amazon is that its Whole Foods acquisition has boosted its online grocery sales. The bad news is that some stores have been lean on some products and produce since the transition and both shoppers and employees are fed up about it, although it now appears the problem may not be of Amazon's making.
How's this for teamwork: Verizon, which last year acquired Yahoo for $4.5 billion, will be offering eight free out-of-market National Basketball Association games on mobile devices through Yahoo Sports and will offer its League Pass subscription at a discounted $99 a season on all of it platforms. The new arrangement expands a $400 million content marketing partnership Verizon and the NBA signed in late 2015.