Starbucks to Make Announcement on Single-Serve Coffee

Starbucks (SBUX) said it will soon make a major announcement about a new product for the single-serve market.

The company is preparing for the expiration of its agreement with Kraft Foods (KFT), Reuters reported. Under the terms of the agreement, whi…

When Banks Outsource Foreclosures, Nothing Good Happens

A Louisiana bankruptcy case involving a single foreclosure best illustrates the problems with the banks’ outsourcing their mortgage default work to firms like LPS. The result of this money-saving maneuver by banks winds up cost…

Nokia CEO Elop’s Bold Moves: Wall Street Expects No Less

In four months, CEO Stephen Elop has slashed its workforce and turned the company in a new direction. On Friday, he launched his gutsiest strategy yet — dumping Nokia’s ailing Symbian mobile operating system and betting the ho…