Consumer Business Recap: JetBlue CONNECTS to China, Kroger DISSES Green Mountain

Certain SUVs manufactured by Toyota (NYSE:TM) and Honda (NYSE:HMC) are now being looked into, for alleged safety breaches, including rusty undercarriages and headlights that suddenly stop working.

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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.

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