Smucker Co. and Keurig to sell its Dunkin' K-Cups at retail outlets nationwide. Shares also plunged more than 10 percent to as low as $42.75 a share , their lowest number since January 2015. The sales growth - and share price - of Dunkin' Brands (DNKN - Get Report) may be one initial casualty of higher minimum wages being adopted across the country.
The company is not saying where this round of slashing will occur, spokesman Drew Prairie told SiliconBeat in an email. The company lost $361 million in the first half of this year, compared with a loss of $56 million for the same part of the year before.
The largest IPOs this year by offering size include Tallgrass Energy GP, which raised $1.4 billion; Columbia Pipeline Partners; Univar; Fitbit; and Blue Buffalo Pet Products. Payments processor First Data set terms Thursday to raise up to $3.2 billion in its initial public offering, paving the way for the KKR-backed company to roll out the year's largest US debut of a leveraged buyout.
Personal consumption expenditures, the Fed's favorite inflation gauge, rose 1.3% over the past year in August, on a core basis, which excludes food and energy prices , according to report from the Commerce Department on Monday. Louis Fed . However, a surprisingly hawkish-sounding Mario Draghi said the European Central Bank needed more time to assess whether China's slowdown, particularly its impact on commodity prices, cheap oil and a rising euro , would slow inflation ...
The section of law that allows the FAA to grant drone exemptions gives the Transportation Department the authority to drop a requirement that operators of the technology apply for a certificate of airworthiness normally required for flights that are formally considered an aircraft.
The RMT union, which represents some London black cab drivers, welcomed the proposals. Readers curious to get the inside view of London Uber drivers should take a browse around that fascinating haven of discontent and astroturfing that is uberpeople.net, where the company often plants its own responses to controversial issues among its grumbling serfs.