Keurig Green Mountain CEO Bob Gamgort knows that a newly announced buyout with beverage giant Dr Pepper Snapple might at first raise a few eyebrows. “That’s actually part of the excitement about this,” Gamgort told CNBC’s “Squawk on the Street” on Monday morning. “It’s not intuitive at first, but as […]
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The opioid crisis continues to ravage the US as the Trump administration dithers
When Donald Trump took the oath of office a little over a year ago, he promised that “[t]he forgotten men and women of our country will be forgotten no longer.” However, on one of the most pressing social issues facing these “forgotten” people – the opioid epidemic – the president’s […]
Apple shares are falling on fears of plunging iPhone X demand
Apple shares are dropping in premarket trading after a report the company ordered a drastic cut in iPhone X production. Nikkei reported on Monday the company told its suppliers to cut iPhone X production to 20 million units for the first-quarter from the more than 40 million units target Apple […]
To knock out debt faster, it’s time to reassess your payoff plan
It may be time to reassess your debt-payoff plan. Consumers with debt are often juggling multiple types and accounts. At the end of September, the average household with credit card debt carried a balance of $15,654, according to a NerdWallet.com analysis. Those with auto loans owed an average $27,669; student […]
Deutsche Bank defends $1.2 billion bonus pay, blames US tax overhaul for its annual loss
Deutsche Bank has defended its decision to raise its annual bonus payments. Germany’s biggest lender is to lift its 2017 pot of bonus cash to more than 1 billion euros ($1.2 billion) despite registering a third consecutive year of losses. Earlier this month Deutsche warned that weak trading and a […]
Panera Bread is voluntarily recalling some cream cheese because of possible bacterial contamination
Panera Bread is voluntarily recalling some cream cheese sold in its U.S. stores because of possible bacterial contamination. The St. Louis-based company released a statement Sunday saying the recall was initiated after testing from a single production day indicated the presence of Listeria monocytogenes in one variety of its 2 […]
Dr Pepper Snapple and Keurig Green Mountain to merge
Dr. Pepper Snapple and Keurig Green Mountain on Monday announced plans to merge to create Keurig Dr. Pepper. Under the deal, Dr. Pepper Snapple shareholders will receive $103.75 per share in a special cash dividend and retain 13 percent of the combined company. The merger has been unanimously approved by […]
Gold treasure recovered from a 1857 shipwreck is set to make its debut
More than $50 million worth of gold bars, coins, and dust that’s been described as the greatest lost treasure in U.S. history is about to make its public debut in California after sitting at the bottom of the ocean for more than 150 years. The 3,100 gold coins, 45 gold […]
Rosenstein approved surveillance extension of former Trump adviser Carter Page
U.S. Deputy Attorney General Rod Rosenstein approved to extend surveillance of former Trump campaign adviser Carter Page shortly after assuming office last spring, The New York Times reported, citing people familiar with a secret Republican memo. The extension shows the Department of Justice, under President Donald Trump, saw reason to […]
Elon Musk’s Boring Company sold $3.5 million worth of flamethrowers
After a successful run selling hats, billionaire Elon Musk’s The Boring Company has expanded its offering to include flamethrowers. Musk announced that his infrastructure firm had started selling flamethrowers Sunday. People were able to pre-order them for $500 each, and could buy an “overpriced” fire extinguisher with a “cool sticker” […]