Starbucks Chief Executive Howard Schultz's decision to step down is unlikely to disrupt growth at the world's biggest coffee chain as his successor Kevin Johnson is well suited to take the helm, analysts said
PepsiCo Inc reported better-than-expected quarterly net revenue as higher sales of snacks and beverages in North America helped reduce the impact of a strong dollar.
McDonald's Corp reported better-than-expected quarterly same-restaurant sales as the launch of all-day breakfasts proved to be a hit with diners in the United States and demand continued to recover
Strong online sales and demand for furniture and women's apparel helped U.S. retail sales grow by a "solid" 7.9% this holiday season, according to MasterCard Advisors SpendingPulse.
Keurig Green Mountain Inc, the maker of K-Cup single-serve coffee pods, said it would be bought by an investor group led by Germany's JAB Holding Co (JAB) for about $13.9 billion, creating a global coffee giant.
Molson Coors Brewing Co reported a better-than-expected quarterly profit, helped by strong demand for its higher-margin brands, which include Blue Moon Belgian White and Leinenkugel's Summer Shandy
Kellogg Co, the maker of Corn Flakes and Cheez-It crackers, reported a bigger-than-expected drop in quarterly net sales on Tuesday as demand for its snacks and cereals remained weak in the United States.
Wal-Mart Stores Inc will raise minimum wages for more than 100,000 of its U.S. workers in some departments from July, the second time the world's largest retailer has announced a wage hike this year.
