Starbucks was able to engineer a top- and bottom-line beat in its latest quarter report thanks to the moves that tech veteran and CEO Kevin Johnson made to line up customers up for coffee, CNBC’s Jim Cramer said Monday. The ubiquitous coffee chain saw it stock price surge to surge to near $100 after raising its
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Microsoft CEO Satya Nadella speaking at the Code Conference in Rancho Palos Verdes on May 27, 2014. Rancho Palos Verdes Microsoft said Monday that it has acquired BlueTalon, a start-up whose software can prevent people from accessing certain high-value data that companies keep. Terms of the deal weren’t disclosed. Over time, the acquisition could help
U.S. stock index futures were slightly lower Monday morning, as market participants braced for a likely cut in interest rates for the first time in more than a decade. At around 03:15 a.m. ET, Dow futures dipped 28 points, indicating a negative open of more than 43 points. Futures on the S&P and Nasdaq were
A man walks past Pfizer’s world headquarters in New York. Andrew Kelly | Reuters Pfizer, the world’s largest drugmaker, plans to divest its off-patent drug business and combine it with generic-drug maker Mylan, according to a person familiar with the matter. The deal, expected to be announced Monday, will result in Pfizer shareholders owning most
A new walkway runs between Buildings 40 and 41 at Microsoft’s campus in Redmond, Washington. Microsoft For Microsoft to maintain its trillion-dollar valuation, keeping employees happy is crucial. That’s especially true around Seattle, home to Amazon, big Google and Apple operations and a burgeoning start-up scene. With talent in such high demand, Microsoft is in