Nestle to buy rights to sell Starbucks in stores abroad
Nestle will pay 7.15 billion dollars to acquire rights to market and distribute Starbucks coffee beans and related brands outside Starbucks shops, including Teavana and Seattle's Best. The agreement excludes bottled drinks and requires regulatory approval with completion expected by year end.
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Nestle
Starbucks
America
U.S
Canada
Best Coffee
Teavana
Torrefazione Italia
Italy
Ferrero
Blue Bottle
JAB Holdings
Peet's
Caribou
JAB
Kevin Johnson
Starbucks Corp
Stocks Close Higher as Energy Leads Broad Market Gains
U S stocks finish modestly higher with the S&P 500 0.3 percent up to 2672.63 and the Dow 0.4 percent higher at 24357.32. Energy shares rise as crude settles above 70 a barrel, with Nvidia and Morgan Stanley among gainers while Walgreens Boots Alliance slips.
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Karyn Cavanaugh
Voga Investment Management
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Recall expanded for Ford Ranger and Mazda B Series air bags
U S safety regulators warn owners not to drive 2006 Ford Ranger and Mazda B Series pickups due to Takata inflators that can explode in a crash. About 49 percent of Rangers and 55 percent of Mazda pickups have been replaced. Dealers will repair free and recalls affect over 60 million inflators.
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Washington
U.S
Ford Motor Co
Takata Corp
NHTSA
Heidi King
National Highway Traffic Safety Administration
Mazda
Ford
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