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Green Mountain Coffee Roasters (NASDAQ:GMCR) announces a partnership with Luigi Lavazza SpA, the symbol of Italian coffee around the world, to launch the new Keurig Rivo Cappuccino and Latte System. The system “brews authentic espresso-based beverages and easily froths any type of fresh milk directly from the refrigerator,” thus delivering coffee-shop quality cappuccinos and lattes in a simple and convenient way, according to the press release. The premium at-home espresso brewer is priced at $229.99.
Comparable store sales at McDonald’s (NYSE:MCD) fell 1.8% during October, while US stores fell 2.2% due to heightened competition. Comparable sales in the Asia/Pacific, Middle East and Africa segment dropped 2.4% and in Europe fell 2.2%. This is the first drop in comparable sales for McDonald’s (NYSE:MCD) since 2003.
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According to a report on Bloomberg JPMorgan (NYSE:JPM) has reached an agreement in principle with the SEC to resolve claims arising from two investigations covering mortgage-backed bonds handled by itself, and Bear Stearns Co, which it acquired in 2008. JP Morgan also secured the approval of the Fed to reinstate its $3 billion share buyback which was suspended in May after the London trading loss.
Kellogg (NYSE:K) will reconfirm its full-year 2012 guidance which expects net sales growth of between 2%-3%, and EPS in the range $3.18-$3.30. The company will also announce an expected net sales growth of 7% and EPS growth between 5-7% during 2013.
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