Nasdaq and the S&P 500 end the day up with Dow Jones ending down for the third straight day. General Motors (GM) is hoping to ease the pain of their widespread recall. The auto company is offering free loaners to worried customers impacted by the recall. They are also offering $500 off a new car to those who are more inclined to lease or purchase a new car. Are edible food containers the way of the future? Organic yogurt maker Stonyfield seems to think so. The company is releasing a small roll out of its organic frozen yogurt that will be packaged in an edible skin. The company strongly focuses on eliminating environmental waste and believes this is a step in the right direction. King, the company that created the widely popular app Candy Crush Saga, has set a price range for its IPO. King plans on offering 22 million shares between $21-$24 per share. The company believes that it could raise around $613 million in an IPO.
Word on the Street
- President Obama wants to expand overtime pay.
- Starbucks (SBUX) to allow customers to tip electronically.
- NJ bans auto manufacturers from directly selling to customers.
- Candy Crush creator, King prices its IPO.
- Sprint’s (S) owner wants a merger with T-Mobile (TMUS).
- IPO’s don’t always offer more transparency.
- General Motors (GM) shares tumble on federal probe of recall.