BC-Business News Digest
â¿¿ OIL PRICES â¿¿ Oil climbs nearly $1 to finish at $86.32 a barrel on new concerns about possible supply disruptions in the Middle East after Israel launched airstrikes in Gaza.
HIRING-COLLEGE GRADS, HFR
Modest good news for college students: An annual survey predicts employers will increase hiring of new 4-year college graduates about 5 percent in the coming year. Demand for graduates with associate's degrees is expected to increase more sharply â¿¿ by about 30 percent compared to last year's surveyâ¿¿ while MBA hiring appears headed for an unexpected decline. By Education Writer Justin Pope.Eds: The story may not be published, broadcast or posted online before 12:01 a.m. EST on Thursday. INDUSTRY STARBUCKS-TEAVANA SEATTLE â¿¿ Starbucks wants to make the tea shop as ubiquitous as its namesake cafes. The Seattle-based company says that it will pay $620 million in cash to buy Teavana Holdings Inc., which sells high-end loose leaf teas in 300 shopping mall locations. The plan is to expand Teavana's footprint beyond the mall with stand-alone shops, adding tea bars with specialty drinks. CALIFORNIA-GREENHOUSE GASES SAN FRANCISCO â¿¿California begins auctioning permits for greenhouse gas emissions, launching one of the world's most ambitious efforts to cut heat-trapping gases from industrial sources. By Jason Dearen. AP photos MENINGITIS OUTBREAK-CONGRESS WASHINGTON â¿¿ The head of the Food and Drug Administration asks Congress for more authority to police pharmacies like the one that triggered a deadly meningitis outbreak, even as lawmakers questioned why the agency didn't do more with its existing powers. By Health Writer Matthew Perrone. AP Photo. â¿¿ ALGAE BIOFUEL STATIONS â¿¿ Drivers in the San Francisco Bay Area are the first in the nation to fill up their gas tanks with an algae-based biofuel. â¿¿ WAL-MART-SUBSCRIPTION SERVICE â¿¿ Wal-Mart launches a food subscription service called Goodies.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts