Opel Sells Facilities to GM, Starbucks Becomes Vintner: Consumer Business Recap
General Motors Company’s (NYSE:GM) embattled Opel unit will sell six European facilities to its American parent in return for extended funding, says the Frankfurter Allgemeine Zeitung. The divestitures include an engine factory in Hungary, a development center in Turino, and a facility in Gliwice, Poland.
EBay (NASDAQ:EBAY) partners with Macy’s (NYSE:M) and Toys ‘R’ Us to bring in revenue from shoppers who are not only online during the shopping season. The former develops mobile tech that assists the shoppers locate and navigate stores and also employ discounts. The app is able to sense when customers come into a store and then sends a mobile coupon and also supplies directions to the correct department so as to make a purchase.
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The railroad operator CSX Corporation (NYSE:CSX) will receive almost $430,000 plus attorneys fees due to a West Virginia federal jury finding two members of a Pittsburgh law firm liable of civil racketeering for conspiring with a radiologist to fabricate evidence in asbestos lawsuits the company. Upon completion of the trial, the penalty could be tripled under the Racketeer Influenced and Corrupt Practices Act.
Starbucks Corporation (NASDAQ:SBUX) pushes its menu beyond the regular cup of coffee and snacks, debuting an “evenings” menu highlighting wine and appetizer items. After 4 p.m., the “Starbucks Evenings” drink menu makes wines such as prosecco, malbec, and pinot grigio available. Presently, the menu will not be extended to all its stores, but will appear in the Atlanta, Seattle, Los Angeles and Portland areas with the Herald Square store offering the wines. A company spokesperson said that, “Wine and beer offerings have also been tested in select stores in Japan and are currently being tested in Spain on a limited basis.”
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