Whole Foods Market Inc. started selling organic private-label coffee pods that fit into Green Mountain Coffee Roasters Inc.’s Keurig machines, providing more competition for the single-serve coffee company’s K-Cups.
Starbucks Corp.’s juice unit Evolution Fresh will quadruple capacity with the opening of a new factory as the coffee company seeks to increase its share of the $1.6 billion super-premium fruit drink industry.
U.S. stocks rose, sending the Standard & Poor’s 500 Index to a five-week high and within 1 percent of a record, after Lawrence Summers withdrew his bid to be Federal Reserve chairman and tensions over dealing with Syria’s chemical weapons eased.
Trader Joe’s Co., the closely held grocery store chain, will end health benefits for part-time workers next year, directing them instead to new insurance marketplaces as companies revamp medical coverage to fit the U.S. Affordable Care Act.
Stock splits are losing their allure with American executives amid one of the broadest rallies ever, sending the number of shares trading above $100 to a record and showing the rising dominance of institutions in equity markets.
U.S. stocks rose, after the Dow Jones Industrial Average climbed above 15,000 for the first time yesterday, as earnings forecasts from Whole Foods Market Inc. and Electronic Arts Inc. beat analyst estimates.