Business News

Mr. Market is off his Medication

Stocks are volatile this morning, after they traded in about a 2% range yesterday starting way up and ending with a 1% loss as investors looked ahead to next week's Fed meeting. (CNBC)

The Wests newest grocer, Haggen is filing for Chapter 11 bankruptcy.  The company has more than a dozen creditors, the largest of which is United Grocer, which is owed nearly $15 million. Haggen says it has been forced to dump hundreds of employees and shutter nearly a fifth of the stores it had purchased from Albertsons and Safeway in deal that expanded the company by 146 stores last December. (AP)

Someone is not worried about China. Dell will invest $125 billion in China over the next five years, says chief executive Michael Dell, as the computer-maker continues to expand in the world's second-largest economy. (Reuters)

All we can say is it is about time. The Justice Department has issued new policies to prioritize the prosecution of individual employees, not just their companies when it comes to financial crimes like insider trading and fixing of markets. (NY Times)

Mondelez  is boosting spending from 8% to 10% of total revenue on their tasty brands like Oreos, Cadbury, and Honey Maid. In response to the “healthy eating craze” the food giant is aiming for 50% percent of its snacks to be in the "well-being" category by 2020. (Yahoo Finance)


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