On Tuesday, San Francisco Bay Area based specialty coffee roaster and retailer Peet's Coffee & Tea said that it will buy Stumptown Coffee Roasters, a Portland, Oregon, based company that specializes in cold brew coffee. This surely is good news for the coffee enthusiasts.
Till Tuesday, Macdonald's all over the US had a fixed time for its breakfast menus like Egg McMuffin, sausage biscuits and other breakfast foods and that was 4 a.m. to 10:30 a.m. But, that's not the case anymore. Now, they are available all day long. But what took the fast food chain so long to take the decision?
On Monday, the iconic and the largest "Made in the U.S.A" fashion brand of the country, American Apparel, filed for Chapter 11 bankruptcy protection. Deep in debts and surplus inventory along with millions of legal liability linked to its founder Dov Charney, the company had been struggling to stay afloat.
On Tuesday, the talks related to the largest-ever trade deal of the world concluded. The Trans-Pacific Partnership (TPP), deal was struck in Atlanta and was in the making for five years. However the impact of the deal on Australia still remains unknown.
DuPont Co., CEO, Ellen Kullman resigned abruptly and will be replaced on October 16. Edward Breen will be taking her place on an interim basis, decided by the board members.
On Monday, the American chemical company made the announcement about Kullman's retirement. With the news which after the regular trading closed, its shares spiked 6.1 percent.
Now evading big taxes will become more difficult for multinational companies as an international taskforce plans to publish major reforms in the tax system which will affect all businesses that operate overseas.