Consumer Business Recap: JetBlue CONNECTS to China, Kroger DISSES Green Mountain
Don’t Miss: AT&T Dreams Up New Smartphone Using Human Bone.
Shares of Diamond Foods (NASDAQ:DMND) crater, following word that it could be delisted for announcing that it would miss Monday’s extended deadline for refiling its earnings reports, since it’s out of compliance with Nasdaq’s requirements. To make matters worse, the company believes that it will not be able to hold its annual meeting by July 31st, as is also required
JetBlue (NASDAQ:JBLU) and Air China (AIRYY.PK) are partnering, and will initially offer connections in New York and Los Angeles, assuming government approval. Also, the carriers will enter a codeshare agreement, through which they will sell seats on each others flights.
Green Mountain Coffee Roasters (NASDAQ:GMCR) shares move down following the news that Kroger intends to sell its own store-branded single-serve coffee cups that are compatible with Green Mountain’s Keurig brewers, which would compete significantly with those cups of GMCR. The development was expected, but the reality of it caught investors in a bad way.
Yet another lawsuit against Wal-Mart (NYSE:WMT) in connection with the Mexican bribery story: now from New York City’s pension funds. It appears that all these ‘damaged’ funds own a large amount of WMT shares.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.
Don’t Miss: Meet the New MacBook Air Now!