BUSINESS March 26, 2012 | 12:26 PM
Starbucks plans to break into the rapidly expanding energy drinks market with its new fruit juice and coffee extract beverage, called Starbucks Refreshers.
The plans were outlined at the coffee giant’s annual shareholder gathering in Seattle, with chief executive Howard Schultz announcing the creation of additional manufacturing jobs in the United States.Read more »
BUSINESS March 23, 2012 | 11:08 AM
Top computer maker Hewlett-Packard Co. will combine its personal computer and printing divisions in an effort to save money and make it easier for customers to buy products, according to Reuters.
These units were previously combined but were separated in 2005. For the fiscal year 2011, both divisions had a total of $65.35 billion in revenue.Read more »
BUSINESS March 23, 2012 | 10:16 AM
The number of US airline passengers should double in the next two decades, says a government forecast.
However, airplanes are packed and fares are going up, with carriers cutting less-profitable routes.Read more »
BUSINESS March 22, 2012 | 11:10 AM
Royal Dutch Shell has agreed to a production sharing contract with state-run China National Petroleum Corporation (CNPC) to explore and produce shale gas in the southwest of China.
The project will concentrate on the 3,500 square kilometer Fushun-Yongchuan shale gas block in Sichuan province. The deal is the first venture to be signed with a foreign company in China’s shale gas industry and is subject to approval by Chinese authorities.Read more »
BUSINESS March 21, 2012 | 12:01 PM
Hotel brand Starwood has launched a new benefit for elite members, called “Your24,” which lets members take advantage of 24-hour check-ins.
Your24 is one of several new elite benefits that make the award-winning Starwood Preferred Guest the “richest elite program in the industry,” according to the hotel chain.Read more »
BUSINESS March 20, 2012 | 3:47 PM
The world’s largest delivery company has just gotten larger: Atlanta, GA, based United Parcel Service Inc. will purchase Europe’s second-biggest express mail company TNT Express NV for $6.77 billion. This is the largest acquisition in UPS history.
The combined company will have 475,000 employees worldwide, and is predicted to be worth $79 billion in annual sales. It will also be on-par with German-owned DHL, Europe’s largest carrier, which has nearly an 18% market share.Read more »
BUSINESS March 19, 2012 | 3:18 PM
Online payment giant PayPal has announced its new, much-anticipated mobile payment system, called PayPal Here, which lets small businesses process credit card transactions using an iPhone.
The company, a division of eBay, is also currently working on an app that will be compatible with the iOS and Android devices as well.Read more »
BUSINESS March 15, 2012 | 3:04 PM
Encyclopedia Britannica Inc., the world’s oldest English language encyclopedia, will discontinue the print version of the resource and now focus exclusively on Britannica Online.
Encyclopedia Britannica was first published in Edinburgh, Scotland, in 1768, and an updated version is available every other year. The final print edition will be available until the 4,000 sets currently in stock sell out; the 32-volume set sells for $1,395.Read more »
BUSINESS March 14, 2012 | 9:33 AM
Starbucks Corp. plans to soon unveil the Verismo, a new machine that allows people to make single-cup coffee drinks at home.
The Verismo is the last component of Starbucks’ strategic three-year plan to infiltrate the single-serve market. The Verismo lets customers make espresso drinks such as lattes, as well as brew coffee, and is expected to pit Starbucks against Green Mountain, which presently dominates the US single-cup coffee market.Read more »
BUSINESS March 13, 2012 | 4:09 PM
Toyota Motor Sales USA recently announced a recall on nearly 700,000 vehicles due to safety concerns. These recalls affect nearly 116,000 Venzas from 2009-11, approximately 71,000 Camrys from 2009, as well as about 495,000 Tacoma pickups from 2005-9.
According to Toyota, there is concern that during the installation of the contact-type stop lamp switch silicon grease may have reached the inside of the switch, causing an increase in electrical resistance.Read more »
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