Small Business
Starbucks to sell beer, wine in some metro Atlanta stores
The company said Monday it plans to begin serving beer and wine at four to six metro Atlanta locations later this year. The specific stores and when the products would be available have not been released.
The broadened menu, which also will include small plate dinners, is the Seattle-based retailer’s response to customers who have said they want the chain to offer more food and beverage choices in the evenings. The selected wines and beers will reflect customer tastes and preferences in each locality and will be refined over time, the company said.
“As our customers transition from work to home, many are looking for a warm and inviting place to unwind and connect with the people they care about,” Clarice Turner, senior vice president of operations in the United States, said in the announcement.
The expanded offerings began in 2010 in Seattle and have grown to five stores in the Washington city and one in Portland. The
BofA chairman says he supports CEO “100 percent” (Reuters)
Holliday made the comment at a conference in Abu Dhahi when asked about how much board support Moynihan has after a steep decline in the bank’s stock price. He declined to comment on whether the bank planned to sell more assets.
Asked about the state of the U.S. economy, Holliday said it was hard to judge but that “there have been some encouraging signs in the last few months.”
Moynihan, CEO sine January 2010, is under pressure to build capital to absorb mortgage-related losses and meet new international standards. He has been saddled with losses tied to the 2008 acquisition of Countrywide Financial under his predecessor, Ken Lewis.
Alcoa falls in 4Q, sees better 2012
Alcoa kicked off earnings season Monday by reporting a fourth quarter loss on lower prices. The aluminum producer forecast improving business conditions in 2012.
The company lost $191 million, or 18 cents per diluted share, on sales of $6 billion, vs. earnings of $258 million, or 24 cents per diluted share, and sales of $5.65 billion in the year-ago quarter. Aluminum shipments rose 8 percent during the quarter but were offset by a 5 percent drop in prices.
The loss reflected expenses related to a plan to idle 12 percent of its smelting capacity that Alcoa announced last week. Excluding those charges and other one-time items, the company lost 3 cents per share, in line with forecasts Wall Street analysts had slashed in recent weeks.
For the full year, profits more than doubled to $611 million, or 55 cents per diluted share, on sales of $24.95 billion, vs.
Google buys 2 more startups: Apture, Katango
SAN FRANCISCO (AP) — Google has acquired two more startups to help the Internet search leader upgrade some of its services.
The latest catches announced Thursday are Katango, which helps people manage their online social networks, and Apture, which makes tools that conduct searches about the topics within a Web page.
Financial terms weren’t disclosed.
Katango is a natural fit for Google’s Plus service, a 4-month-old social network that allows users to sort their friendships into different subsets that the company calls “Circles.”
Google believes Katango will make it easier for Plus’ more than 40 million users to organize their circles, based on a post by company executive Bradley Horowitz.
“Are you ready for some magic in your Circles?” Horowitz wrote about the Katango acquisition on his Google Plus account. “
Tampa firm to buy data center in ex-Macy’s building
An affiliate of Carter Validus Mission Critical REIT, a private real estate investment trust, has agreed to buy the interest in a 338,000-square-foot leased data center at 180 Peachtree, according to documents filed Nov. 18 with the U.S. Securities and Exchange Commission. Carter Validus is run by John Carter, vice chairman of Atlanta-based Carter & Associates, a commercial real estate firm.
Carter/Validus Operating Partnership has agreed to pay Peachtree Carnegie roughly $94.8 million, plus closing costs, for the data center and the parking deck, the documents said. Carter/Validus recently bought a data center near Dallas.
Peachtree Carnegie owns the top five floors of the building.
MF Global UK administrators mulls interim payments (Reuters)
“Final distributions to clients will not be made until all client risk positions have been liquidated or transferred and all claims against have been validated. However, we are likely to make interim distributions along the way,” KPMG said on Friday.
The pledge of early repayment offered some comfort to MF Global clients who have become increasingly frustrated with KPMG since MF Global collapsed on October31.
Commodities traders in Europe and the United States have complained that different exchanges and clearing houses charged with unraveling client positions have taken different approaches, with some closing positions while others have sought to transfer open positions to other brokers.
Still unclear is the whereabouts of about 600 million of customer funds unaccounted for since MF Global’s Chapter 11 filing, and whether MF Global might have improperly mixed customer funds with its own.
These matters are among those being investigated by federal prosecutors, the Securities and Exchange Commission and Commodity Futures Trading Commission.
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