Tag Archives: Starbucks

Apple tops Fortune’s ‘most admired’ companies list

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CORRECTION: This post has been updated to remove an incorrect reference to TeamHealth of Knoxville appearing on Fortune’s 2014 ‘Most Admired’ companies list. The 2014 list did not include companies in TeamHealth’s industry sector

For the seventh consecutive year, Apple is No. 1 overall on Fortune’s list of the Top 50 World’s Most Admired Companies, followed by Internet retailer Amazon.com and Internet search engine Google.
Rounding out the top five are investment guru Warren Buffett’s firm, Berkshire-Hathaway, and coffee giant Starbucks.
Tennessee’s only representative among the Top 50 is FedEx Corp. The Memphis-based package delivery company is No. 8 overall and No. 2 in the delivery industry, behind Germany’s Deutsche Post.
The Top 50 list and industry sector rankings are based on a survey of executives, directors, and analysts who rate companies in their industry on a variety of criteria, including investment value and social responsibility.

Click here for Fortune’s complete list of World’s Most Admired Companies.

Green Mountain shares sizzle on Starbucks deal

Green Mountain Coffee Roasters shares are soaring today on
news of a renewed deal with coffee giant Starbucks.

Green Mountain Coffee

Green Mountain Coffee

Shares were up more than 24 percent at midday to $73.90.

Green Mountain has a sizable presence in Knox County with
about 900 employees and a roasting and distribution plant in Forks of the River
Industrial Park, according to the Knoxville Business Journal Book of Lists.

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Green Mountain merger target?

 

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

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.

 

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Green Mountain, Starbucks expand partnership

 

Green Mountain Coffee Roasters Inc., which has a significant manufacturing presence and 500 employees in Knox County, has dodged a Starbucks bullet.

Green Mountain Coffee

Green Mountain Coffee

Shares of Green Mountain are up more than 7 percent in morning trading on news of an expanded partnership with Starbucks Coffee Co.

Green Mountain had seen its share price drop sharply in recent weeks after Starbucks launched its Verismo single-serve coffee system in competition with Green Mountain’s Keurig Vue single-cup machines.

 

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Ruby Tuesday needs a good cup of coffee

 

Restaurant chain Ruby Tuesday Inc.’s stock price slumped to a 52-week low today – $8.54. The

Ruby Tuesday

Ruby Tuesday

high $15.57 – came back in January and the Maryville-based company has been shedding value ever since.

Maybe RT should cut a deal with Green Mountain Coffee Roasters Inc. Investors are in love with the ruby2.co%237728.jpgmaker of the Keurig Single-Cup Brewing system.

Shares of GMCR which has large distribution and roasting plant in Knox County, continued their upward march today, surging above $110.

 

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Green Mountain, Starbucks together — finally

Green Mountain Coffee Roasters, which has a large roasting and distribution plant in Knox County, has struck a much anticipated deal with Starbucks, the big dog in the retail coffee business.

Investors like the news. GMCR shares are soaring, up close to 30 percent by late morning. Trading volume was heavy.

The deal calls for the companies to make single-serve Starbucks coffee and Tazo tea available for Green Mountain’s Keurig single-cup brewing system.

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