Consumer Business Review: Crumbs LOVES Starbucks, Eastman Kodak’s HUGE Disappointment
Here are Tuesday’s top stories:
Ford Motor Company (NYSE:F) will launch its C-Max Energi plug-in hybrid in 19 domestic markets this autumn, prior to a national intro scheduled for early next year. The company reports that the vehicle has a total driving range of 550 miles using both its electric motor and gas engine, which should allow it a selling advantage over Toyota Motor Corporation’s (NYSE:TM) Prius plug-in hybrid.
Don’t Miss: JC Penney Second Quarter Earnings Sneak Peek.
Shares of microcap Crumbs Bake Shops, Inc. (NASDAQ:CRMB) gain two-thirds of their value Tuesday on the news that it will start selling Starbucks Corrporation (NASDAQ:SBUX) coffee in stores. Investor might be thinking that Starbucks might reach a deal with the bakery chain to use its food items to expand its own menu.
Shares of Eastman Kodak Co. (EKDKQ.PK) lose more than a third of their value as the realization that opening offers for a highly-anticipated divestiture of patents came in extremely low sets in. The firm’s scheme to emerge from bankruptcy as a viable printer maker might fail if the auction doesn’t come to fruition rapidly.
Don’t Miss: Apple, Google Make Kodak STINGY Offers.
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