Energy drinks are among the fastest growing drinks in the nonalcoholic beverage industry, in part thanks to their young, fast-paced, edgy brand images. US energy drink sales have grown an [...]
BHP Billiton’s US shale assets may end in writedown
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May 14, 2012, 2:19 PM
0May 14, 2012, 2:19 PM
Falling gas prices may cause Anglo-Australian miner BHP Billiton‘s $20 billion bet on shale assets in the US to end in a multibillion dollar writedown, according to some analysts. The [...]
Coty adds Buffett power to sweetened Avon bid
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May 11, 2012, 12:24 PM
0May 11, 2012, 12:24 PM
In hot pursuit of Avon, Coty yesterday sweetened its takeover bid for the struggling cosmetics giant and threw in Warren Buffett for good measure. Coty’s new $24.75-per-share offer tops its original bid [...]
Red solo cup maker sold for $1 billion
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May 10, 2012, 1:42 PM
1May 10, 2012, 1:42 PM
Solo Cup Company, the makers of the iconic red solo cup made immortal by Toby Keith’s catchy ode last year, has been sold to Dart Container in a transaction valued at $1 [...]
Series of squalls cloud SouthGobi Resources’ future in Mongolia
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May 9, 2012, 4:51 PM
3May 9, 2012, 4:51 PM
A desert storm may be brewing for SouthGobi Resources, as the Canada-based coal miner has been pelted by recent events that could cloud its future in Mongolia. Most recently, news [...]
Hungry for food, Bed Bath & Beyond buys Cost Plus
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May 9, 2012, 12:44 PM
0May 9, 2012, 12:44 PM
Adding to its “beyond” department, home goods retailer Bed Bath & Beyond (BBB) announced today that it is acquiring its smaller competitor Cost Plus for about $495 million in cash. The [...]
For $47 million Mattress Firm lays Mattress Giant to rest
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May 4, 2012, 1:31 PM
0May 4, 2012, 1:31 PM
This week’s transaction within the specialty retailing market is really a tale of two Texas mattress makers. One competitor ends the fight heralding triumphantly while the other walks off into [...]
Multifamily investor UDR to focus on urban markets
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May 3, 2012, 4:27 PM
0May 3, 2012, 4:27 PM
In the early 2000s, REITs were all about diversification and expansion, growing beyond their core capabilities to enter other property sectors. Nowadays it’s all about streamlining and going back to [...]
US Interior Department selects Google over Microsoft
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May 3, 2012, 4:03 PM
0May 3, 2012, 4:03 PM
The US Department of the Interior announced this week that it has chosen Google to provide the agency with hosted email and online collaboration tools. The seven-year, $35 million contract [...]
Chinese company takes bite out of UK cereal maker Weetabix
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May 3, 2012, 12:08 PM
4May 3, 2012, 12:08 PM
Talk around UK breakfast tables this morning had to be centered around the news that a Chinese company is taking a big bite out of Weetabix. Bright Food, a government-owned [...]
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