Archive for July, 2008

Starbucks And Smoothies!

Did you all hear that Starbucks is now going to offer smoothies.  I guess they need to do something new, because they’re losing customers fast.  Did you know that McDonald’s coffee beat out Starbucks in a 2007 taste test, which was conducted by Consumer Reports?  That’s right, McDonald’s has better coffee than Starbucks.  And I would have to say I agree.  I have been saying for years that Starbucks is so over rated.  I never really cared for there coffee.  Anyway, Starbucks is trying to become like a Dunkin’ Donuts, but with much higher prices.  I think I’m going to stay with my pot of coffee at home.

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Anheuser-Bush!

Will Anheuser-Bush sell to the Belgian brewing giant InBev? I have no idea if this will happen. I do know that Anheuser-Busch CEO August Busch IV and his father, August Busch III have no desire to sell the company their family started in the 19th century. The thing that really sucks is that Anheuser-Bush is a publicly traded company, and they may get out voted by other shareholders. If that happens the two Busch’s will just have to try to get the most for their family company. I guess we’ll have to just wait and see how this all plays out.

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Pentagon Reopens Bidding!

The Pentagon is reopening the bid for the Air Force. The Air Force wants 179 new aerial refueling tankers and is willing to pay around $35 billion. The 2 companies in the running are Boeing and Northrop Grumman Corp. The Air Force cares about 2 things only. Whoever’s plane can hold the most fuel and have other offload capacity’s. Boeing doesn’t feel they have a good chance getting the contract. They would be bases their plan off the 767 airliner, which is still to small compared to what Northrop Grumman Corp could build. But Boeing’s plan will do better on gas. So how do you choose? I would go with the plan better on fuel cost.

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Circuit City In Trouble!

Circuit City is in serious trouble and coming close to filing for Chapter 11-bankruptcy protection. Mainly because of Blockbuster’s decision not to move forward and buy the company. Blockbuster ‘s main reason for the pullout wasn’t clear. They did say, “based on market conditions and the completion of our initial due diligence process, we have determined that it is not in the best interest of Blockbuster’s shareholders to proceed with an acquisition of Circuit City.” This leaves the door wide open for some huge private equity firm. Right now Circuit City’s stock is just about $2.00 a share. Shareholders are losing a lot of money and would love a quick sale to come soon.

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