The longtime coffee rivals may be discussing a merger that could provide the smaller player with a boost in the single-cup market. And Peet's, which has longstanding deals with grocery chains, could steer Starbucks towards a smoother grocery distribution strategy.
Warren Buffett's Berkshire Hathaway liquidated its positions in a number of high-profile companies during the fourth quarter, but the Oracle of Omaha has hung on to his huge stake in Coca-Cola. And Coke's nearly 4% drop is a weight on Buffett's portfolio.
Last week, traders had ample opportunity to take some profits -- and yet the market kept rising. With fewer big reports on tap this week and a key technical hurdle overcome, stocks could very well extend their gains in the sessions ahead. [Video]
Since 1998, Starbucks has contracted with Kraft Foods to distribute its bagged coffee through grocery stores. In letters released to The Wall Street Journal and Reuters, Kraft fired yet another salvo in its bid to hold together this deal, which Starbucks now wants to undo.
Starbucks wants to end its distribution relationship with Kraft Foods, but Kraft says the relationship is "perpetual."
BHP Billiton isn't going down without a fight. A day after fertilizer giant Potash rejected its takeover offer, the giant mining company has taken its $40 billion bid directly to Potash shareholders.
The citizens of Red State America are hopping mad, and they're doing something about it: buying magazines. Titles for gun lovers, hunters, conservatives and Nascar fans were among the fastest-growing publications in the first half of 2010.
When the state of California announced that a marijuana legalization measure would be on the state's November ballot, the ensuing discussion covered a range of topics from medicine to morality. But few pundits brought up the biggest factor of them all: money. With a potential market of millions of pot smokers, decriminalization of marijuana could open the door to a vast, largely-untapped market for smoking paraphernalia, accessories and other lifestyle accoutrements.
After weeks of sitting on the sidelines while Cadbury played cat-and-mouse with Kraft Foods, Hershey is finally ready to make a bid for the U.K.-based chocolate maker. Sources close to the Hershey board say that the company will bid $17.9 billion for Cadbury.
Kraft faces an uphill battle in its bid for Cadbury. Now Hershey may make an offer for the U.K. company.
When Kraft offered $16 billion for Cadbury in September, the U.K. food company rejected it as insultingly low, and investors agreed. Now, with time running short and with rumors of other suitors in the hunt, the word is out that Kraft will increase its bid within days.