Mark Astrachan News
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Avon Products Inc. rose to the highest price in a year after first-quarter profit topped analysts’ estimates as Chief Executive Officer Sheri McCoy’s cost-reduction plan starts to produce results.
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Green Mountain Coffee Roasters Inc. fell after Stifel Nicolaus & Co. said demand is weakening for the company’s Keurig single-serve coffee machines.
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U.S. stocks fell, sending the Standard & Poor’s 500 Index to the lowest level in a month, as Alcoa Inc.’s forecast fueled concern over corporate earnings and global economic growth.
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Green Mountain Coffee Roasters Inc.’s fourth-quarter sales, which trailed analysts’ estimates and sent the shares plunging, were hurt by wholesale orders and don’t indicate accounting issues like those hedge fund manager David Einhorn has outlined, its top executive said.
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Avon Products Inc., the door-to-door cosmetics seller that rebuffed a takeover offer from Coty Inc. this year, reported a 70 percent decline in second-quarter profit amid a sales slump in Europe and China.
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Single-serve coffee has never been more affordable.
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Monster Beverage Corp.’s escalating profit from energy drinks pumped full of caffeine and nitrous oxide may tempt acquirers to chase what would be the most expensive takeover in the industry’s history.
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With Green Mountain Coffee Roasters Inc. poised to report its slowest quarterly sales growth since 2005, Chief Executive Officer Lawrence J. Blanford faces pressure to prove the company is a sustainable business.
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Avon Products Inc., the world’s largest door-to-door cosmetics seller, fell the most since 1999 after saying U.S. regulators began a formal probe of its foreign operations and are investigating its dealings with analysts.
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Even after losing more than half its value, Green Mountain Coffee Roasters Inc. is still almost twice as expensive for potential acquirers as the median company in the Standard & Poor’s 500 Index.
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