Starbucks is set to raise prices on certain beverages and packaged coffee on Tuesday, but the company says it’ll affect fewer than 20% of customers.
Tag: business news
VIDEO: Clock Ticking For Pfizer To Raise AstraZeneca Bid
Pfizer is considering raising its offer for AstraZeneca as it works with its advisers against the clock in a battle where they have just eight days left to move under British takeover rules. People familiar with the matter said, that Pfizer still hopes to get AstraZeneca into negotiations before the May 26 deadline for it… Continue reading VIDEO: Clock Ticking For Pfizer To Raise AstraZeneca Bid
VIDEO: Pfizer Boss Enters Lion’s Den Of UK Politics To Sell AstraZeneca Deal
The boss of U.S. drugmaker Pfizer faces UK lawmakers on Tuesday with a promise and a threat to protect British jobs in his proposed joint creation with AstraZeneca of a global powerhouse upon which he says the latter’s future depends. Ian Read faces hostile questions in parliament over his proposed $106 billion play for AstraZeneca.… Continue reading VIDEO: Pfizer Boss Enters Lion’s Den Of UK Politics To Sell AstraZeneca Deal
VIDEO: Rising Wages Squeeze Bangladesh Garment Makers As Factories Await Upgrades
Bangladesh garment factory owners say they are soaking up much of the cost of nearly doubling wages as some global retailers balk at price hikes, leaving less money for safety improvements urged by apparel chains after last year’s Rana Plaza disaster. The task of coping with a 79 percent increase in the minimum monthly wage… Continue reading VIDEO: Rising Wages Squeeze Bangladesh Garment Makers As Factories Await Upgrades
VIDEO: Beijing Rejects IMF’s Hard-landing Warning For China’s Economy
A senior Chinese official hit back on Saturday at International Monetary Fund warnings that China’s economy faced the danger of a hard landing due to poor asset quality, saying the government was taking action to deal with financial risk. Chinese Vice Finance Minister Zhu Guangyao explained that China worked closely with the IMF but did… Continue reading VIDEO: Beijing Rejects IMF’s Hard-landing Warning For China’s Economy
VIDEO: BlackRock Shakes Up Management, Names New Co-president, COO
BlackRock, the world’s largest money manager, is reorganizing its senior management, shifting at least 10 senior executives into new or different roles, according to an internal memo seen by Reuters on Sunday. Both Larry Fink, chief executive and chairman of BlackRock, which has more than $4 trillion in assets under management, and Rob Kapito, president,… Continue reading VIDEO: BlackRock Shakes Up Management, Names New Co-president, COO
VIDEO: Tesla Motors Reaches Deal To Keep Stores Open In New York
The agreement with New York’s dealerships will let the company’s existing stores stay open, but all new stores will have to go through a dealer.
VIDEO: Greek Central Banker Defends Stress Test Results
The head of Greece’s central bank said on Saturday that an “unduly conservative” approach in stress tests on Greece’s major banks would have scared off investors. In an interview, George Provopoulos was quoted as saying: “If were unduly conservative and imposed an overcapitalization of the banks, we would run two serious risks. First, we would… Continue reading VIDEO: Greek Central Banker Defends Stress Test Results
VIDEO: Fed Upholds 21-Cent Cap On Debit Transaction Fees
A federal appeals court ruled in favor of a Federal Reserve rule placing a 21-cent cap on swipe fees for debit card transactions.
VIDEO: Man Who Denied Creating Bitcoin Lawyers Up
Dorian Satoshi Nakamoto obtained a lawyer and released a statement in which he denies creating the virtual currency.