Is Green Mountain Coffee Roasters a merger target? If so, what does that mean for the company’s relatively new roasting and distribution plant in Knox County?
Green Mountain Coffee
The maker of the Keurig single cup brewer system has seen its share price plunge from nearly $116 a few months ago to less than $18 today. As its stock has spiraled lower, talk of a takeover has increased.
Green Mountain expanded to Knoxville in 2008, investing millions in a distribution and production plant in Forks of the River Industrial Park, where it employs several hundred workers.
Scripps Networks Interactive is strengthening its United Kingdom leadership team as part of its “ongoing international expansion initiative,” the Knoxville based company said Wednesday.
Jonathan Sichel, who joined Scripps when it acquired the Travel Channel in 2009, has been named managing director of operations in the United Kingdom, Europe, the Middle East and Africa, the company said.
Also is Nick Thorogood has been named senior vice president of content and marketing for the same area. Thorogood has been part of the Scripps international team since 2010.
The Street Ratings has changed its mind about Ruby Tuesday, downgrading the Maryville-based restaurant chain’s stock from buy to hold.
Despite Ruby Tuesday’s revenue growth and “and largely solid financial position with reasonable debt level,” The Street Ratings cited “deteriorating net income and disappointing return on equity” as reasons for the downgrade.
CNBC on Tuesday will reveal the results of its sixth annual look at “America’s Top States for Business.”
New this year is a Twitter Battle — featuring short videos from the states’ governors. All 50 guvs were invited to submit videos detailing what makes their state the best for business.
In less than two minutes Gov. Bill Haslam makes the case for Tennessee. He mentions, among other things, the state’s growing automobile manufacturing sector and a wide variety of consumer products made in Tennessee — M&Ms, solar panels, chemicals, Jack Daniels and more.
Haslam makes sure to note that Tennessee has “one of the lowest state tax burdens in the country.”