Market Minute: Green Mountain Brews Up Broth; McDonald's Not-So-Dollar Menu

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Green Mountain brews up something new, and McDonald's is working on big changes to its dollar menu. Those stocks and more are what's in Thursday's Market Minute.

The Dow Jones industrial average (^DJI) rose 97 Wednesday, their best advance in a month. The Standard & Poor's 500 index (^GPSC) gained 13 and the Nasdaq composite index (^IXIC) rallied up 36 points.

The exterior of Green Mountain Coffee Roasters is seen, Thur
Daniel Barry/Bloomberg via Getty Images
Green Mountain Coffee Roasters (GMCR) is diversifying. The maker of the K-cup single serving coffee packets is teaming up with Campbell Soup (CPB) to offer servings of chicken broth. This is Green Mountain's first attempt to expand beyond coffee and tea.

This might be one of those one-plus-one-equals-three stories. McDonald's (MCD) is testing new items for its dollar menu that cost up to $5. The menu includes more chicken items, as well as extra beefy patties and bacon toppings. Earlier this year, Wendy's (WEN) rebranded its 99-cent menu to include some items up to $2.

BlackBerry (BBRY) has reportedly narrowed the list of companies that it will negotiate with to buy the struggling smartphone maker. The Wall Street Journal reports the company hopes to complete the auction process within the next 60 days. It's not clear how many, if any, potential bidders might be interested. Analysts had thought that Microsoft (MSFT) might be one -- until it agreed to buy Nokia's (NOK) phone business for $7 billion earlier this week.

Fewer and fewer retailers are reporting monthly sales figures, but among those that do, August was a pretty good month. Thomson Reuters estimates same-store sales rose by more than four percent last month. Costco (COST) posted a 4 percent increase.

Truck maker Navistar (NAV) says its quarterly loss widened, as sales declined. As a result, the company announced a new round of cost cutting moves, including another 500 job cuts.

The oil company Hess (HES) has boosted its quarterly dividend to 25 cents a share. That's up 150 percent from the prior payout.

And investors in the drug development company Pozen (POZN) are feeling a bit healthier today. It signed a deal to license its acid reflux treatment to a unit of Sanofi (SNY).

-Produced by Drew Trachtenberg.


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9 Comments

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fridayndukwe

what up world how are you world

September 08 2013 at 7:17 PM Report abuse rate up rate down Reply
ranm856

Cool another way to load up on salt

September 05 2013 at 4:03 PM Report abuse rate up rate down Reply
wrench701

I wonder if that soup broth will have a residual coffee flavoring to it.

September 05 2013 at 3:24 PM Report abuse rate up rate down Reply
rkeeeballs

If Campbell's is involved...do yourself a favor and double check the sodium level...

September 05 2013 at 12:23 PM Report abuse rate up rate down Reply
stock market

We bought "My K-Cup" reusagle cups and each person buys the ground coffee of their choice. Saves a lot of money and doesn't take that much time. As for broth.......I doubt I would do that.

September 05 2013 at 11:45 AM Report abuse rate up rate down Reply
firstamendment3

Yeah. It's too much work to put a 5 cents bullion cube in hot water. I'd rather buy a $2 K-cup to do it.

September 05 2013 at 10:58 AM Report abuse +1 rate up rate down Reply
1 reply to firstamendment3's comment
drpmindmender

While using a $100-$200 machine. What a waste!

September 05 2013 at 11:23 AM Report abuse rate up rate down Reply
mh2006a

Yuck

September 05 2013 at 10:46 AM Report abuse +1 rate up rate down Reply
RHONDA

I was wondering the same thing, maregolden. Will the broth be made in the Keurig? I love chicken broth, but wouldn\'t purchase it in K-cups. I spend enough on the coffee as it is. You can get cans of chicken broth for less than $1.00.

September 05 2013 at 9:45 AM Report abuse +1 rate up rate down Reply
maregolden

Is this broth supposed to made in the Kuerig? I can't see this working. My daughter has one and whenever I made tea or hot chocolate with it, it would be slightly coffee flavored. Since I don't care for coffee, this was a problem for me.

September 05 2013 at 9:36 AM Report abuse +2 rate up rate down Reply