Peet's Coffee & Tea going private for $977.6 million

EMERYVILLE (AP) - Peet's Coffee & Tea is being taken private by a German conglomerate for approximately $977.6 million. Privately held Joh. A. Benckiser, which invests in consumer goods brands, will pay $73.50 per share, a 29 percent premium to Peet's closing stock price of $57.16 on Friday. The companies said Monday the deal was worth about ...

How Apple's phantom taxes helps hide billions in profit

Cisco to lay off 1,300 employees in latest cutback

SAN JOSE (AP) - Cisco Systems is preparing to lay off about 1,300 workers just a few months after the world's largest maker of computer networking equipment warned that growing economic uncertainty is making it tougher to close sales with its customers. The cuts announced Monday represent about 2 percent of Cisco System Inc.'s payroll of 65,000 workers. <p style="line-height: 18pt; background: ...

Netflix's 2Q results riding on subscriber growth

Simple questions with not so simple answers

US has fewest cattle in at least 4 decades

DirecTV, Viacom fight to draw in channel punch-out

Ford says plug-in van goes 20 miles on electricity

DETROIT (AP) - Ford says a plug-in electric version of its new C-Max small van will be able to go more than 20 miles on battery power alone, and have a range of 550 miles on a tank of gas. The C-Max Energi plug-in, due in showrooms this fall, is expected to get the equivalent of 95 miles per gallon of gasoline ...

Verizon's wireless glows as broadband growth hits wall

Google's earnings rise as clicks on ads soar

Microsoft reports first loss as public software company

Yahoo CEO Mayer's pay deal worth more than $59M

SAN JOSE (AP) - Yahoo is giving its new chief executive Marissa Mayer a compensation package worth more than $59 million over the next several years. Yahoo Inc. said in a regulatory filing Thursday that Mayer will receive an annual salary of $1 million. She's also eligible for a $2 million bonus, and $12 million in restricted stock and stock options that ...

Safeway profit drops amid growing competition

Walgreen, Express Scripts agree to prescriptions resuming in September

Chipotle shares hit as 2Q revenue falls short despite earnings jump

DENVER (AP) - Chipotle Mexican Grill Inc.'s earnings soared more than 61 percent in the second quarter but its shares plunged in Thursday after-hours trading after the popular restaurant chain's revenue growth missed expectations. The Denver-based company has been a market darling for some time as consumers have flocked to its growing chain of fast-casual restaurants for tacos, bowls and burritos. <p ...

Exxon 1Q earnings rise, production slips again

Zynga reports lower 1Q revenue, shares fall more than 10 percent

Google pays CEO a buck, 4 others get $124M

How a phony tweet and computer trades sank stocks by $134 billion

Microsoft to hold Xbox event on May 21 to showcase next console

Fed: Redesigned $100 bill will be ready by October