Business News

Coke Does Milk

ADP report says the private sector produced 208,000 jobs in November. The service sector and small businesses lead the strong jobs growth.     

Chief executives at the largest U.S. companies surveyed by the Business Roundtable said 40% of its members plan to hire more workers, up from 34% in the third quarter. Nearly three-quarters project their sales will keep growing in the next six months. (Associated Press)

With soda sales sagging, Coca-Cola is moving into the dairy business. There new “Fairlife” milk is being sold as a premiumized product that tastes better and will cost you twice as much as the milk your used to buying. The milk which is being produced in venture involving 92 family-owned farms will contain 50% more protein and 30% less sugar than regular milk. A filtering process will also make it lactose-free. (USA Today)

A 30-year fixed rate mortgage printed at 4.15% last week.  But that is doing little to boost borrowing on a home.  Refinancing volume is down 16% this year and new purchase mortgages are down 4% in volume for the year. (Mortgage Bankers Association)

The digital wave just keeps coming. Viewership of traditional TV dropped nearly 4% last quarter, as online video streaming jumped 60%, according to a new report from Nielsen. (Wall Street Journal)

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