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During 3Q15, $MDLZ closed on the JV to combine its coffee business with D.E Master Blenders, to create a new company, Jacobs Douwe Egberts. As a result, the company received more than $5Bil of cash including the benefit of currency hedges and retained a 43.5% interest in the JV.
Still in yesterday’s $PZZA shock. I thought everyone had more pizza this football season!!
$TSLA stock downgraded to sell from hold by brokerage firm CFRA Research. However, the firm lifted the price target by $35 to $240.
$LB shares have plummeted after a disappointing quarter.