Business News


Greece is moving markets again as a strong Wall Street rally faded yesterday on the ECB's decision to cancel its acceptance of Greek bonds as collateral for loans. More today as talks between Greece and its neighbors take place today, as the Greek and German finance ministers meet for the first time. (CNBC)

The number of planned layoffs by U.S. employers rose to a nearly two-year high in January as the energy industry slashed jobs in the face of falling oil prices. Employers planned to let go 53,041 jobs up 63% from last month. About 40% of layoffs were directly related to oil prices. (Challenger, Gray & Christmas)

The global icon of American cuisine, beef is about to fall another spot on the meat scale. For the past two decades, chicken has outranked beef as the most produced meat, and now pork is about to surpass it as well. Hog herds have rebounded and pork output in 2015 will jump 4.6% to an all-time record. Beef production is headed for a 22-year low. (Bloomberg)

Could this be the British chocolate equivalent of the New Coke blunder? Mondelez International will no longer use Cadburys signature Dairy Milk chocolate in its recipe for Cadbury Creme Eggs that has been used since the eggs were first “hatched” in 1971. Adding insult to injury, Mondelez is reducing the number of Creme Eggs sold in a package from six to five, while keeping approximately the same price. (Market Watch)

 
 

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