WATERBURY, Vt. (AP) - Green Mountain Coffee Roasters Inc. has picked a new CEO, Coca-Cola executive Brian Kelley, as the coffee company deals with slowing sales growth.
Kelley, 51, will also become president and join the board, effective Dec. 3.
Shares added $1.66, or 6 percent, to $28.99 in
By The Associated Press
DETROIT (AP) - Volkswagen is recalling about 2,500 Beetles because the front passenger seat air bag could inflate and injure a small child.
The recall includes 2012 and 2013 Beetles with leather sport seats. If the seat gets wet, the module that's supposed to detect
By CHRISTOPHER S. RUGABERAP Economics Writer
WASHINGTON (AP) - U.S. builders started construction last month on the most homes and apartments since July 2008, more evidence that the housing recovery is gaining momentum.
The Commerce Department said Tuesday that builders broke ground on homes in
NEW YORK (AP) - Stock futures grew choppy Tuesday after Hewlett-Packard revealed that it was the victim of a massive fraud related to an acquisition and took a huge hit to its latest quarterly earnings.
After a mostly positive morning, the Dow Jones industrial futures fell 18 points to 12,720. The
By MAE ANDERSONAP Retail Writer
NEW YORK (AP) - Struggling Best Buy Co. reported another dismal quarter on Tuesday, recording a third quarter loss and continued sales slump just as the crucial holiday season revs up.
Adjusted for restructuring charges, it earned 3 cents per share, well below
NEW YORK (AP) - Activist investor Carl Icahn bumped up his stake in Chesapeake Energy, a company where he has already pushed for sweeping changes in governance.
Shares rose 1.6 percent Tuesday before the opening bell.
A regulatory filing shows Icahn now owns 8.98 percent, compared with a 7.6
By ROBERT BARRAssociated Press
LONDON (AP) - A rogue trader who lost $2.2 billion in bad deals at Swiss bank UBS was sentenced to 7 years in prison Tuesday after being convicted in what prosecutors called the biggest fraud case in U.K. banking history.
Ghanaian-born Kweku Adoboli, 32, exceeded
GENEVA (AP) - Shareholders in Glencore International PLC, one of the world's biggest commodity traders, have voted to approve a merger with Anglo-Swiss mining company Xstrata PLC.
The company says the deal won approval from 99 percent of Glencore's investors. Xstrata shareholders will vote
DEARBORN, Mich. (AP) - GE is buying 2,000 plug-in hybrid cars from Ford for its corporate fleet.
Ford and GE announced the purchase of the C-Max Energi hybrid Tuesday.
GE has set a goal of converting half its fleet to alternative energy vehicles. With the Ford purchase, GE now has 5,000 alternative
By MAGGIE MICHAELAssociated Press
CAIRO (AP) - Egyptian authorities arrested more than 300 children during protests in Cairo over the past year, beating and torturing some and trying many as adults, a leading international rights group said Tuesday.
Human Rights Watch said in a report that the