Whole Foods Market (WFM) Sued Over Sugar Content in House-Brand Yogurt Aug 29, 2014 04:01PM

Whole Foods Market (NASDAQ: WFM) is facing a lawsuit over how much sugar it said was in its yogurt.

The NYPost reported Friday that a suit was filed against Whole Foods, saying the company drastically understated the sugar content in its store brand yogurt.

The class action lawsuit was filed Friday in Manhattan Federal Court.

The suit contends that Whole Foods 365 Everyday Value Plain Greek Yogurt lists its sugar content at 2 grams per 170-gram serving, while the product actually has 11.4 grams per serving.

Defendant’s act in vastly understating the sugar content…is not harmless trivia ... For many members of the class, sugar content is an important component of their diet, the suit stated.

There are 100 customers on the suit. Plaintiffs are seeking $5 million in damages.


Freeport-McMoRan's (FCX) $2B Candelaria Mine Sale Hits Tax Snag Aug 29, 2014 03:37PM

Freeport-McMoRan Copper & Gold's (NYSE: FCX) move to unload its large mine in Chile has hit a snag.

The WSJ said Friday that local authorities are holding up the sale on a tax issue.

Freeport is looking to sell its Candelaria copper mine in a $2 billion deal with Lundin Mining.

Spokespeople from both companies declined to comment on the news.

Shares of Freeport are up 0.5 percent.


T-Mobile (TMUS) Plans Sept. 10th Event Aug 29, 2014 02:17PM

T-Mobile (NYSE: TMUS) is adding to the tech event calendar for September.

Earlier today, T-Mobile announced plans to hold an event on September 10th, dubbing it Uncarrier 7.0. Tagline on the event is: This time it's personal.

The event will take place one day following Apple's (Nasdaq: AAPL) September 9th event and a week after Samsung's Unpacked event.

T-Mobile's event will be held in San Francisco and will kick off at 1 p.m. PT.

While it isn't exactly clear what will happen at the event, T-Mobile has been successful recently in separating itself from larger rivals with pricing and plan selection.

Shares of T-Mobile are up 0.5 percent.


Options Abound for Syngenta (SYT) as Monsanto (MON) Deal Doesn't Pan Out (DOW) (DD) Aug 29, 2014 11:49AM

Syngenta (NYSE: SYT) shares are lower following positive commentary over its M&A prospects.

Bloomberg noted Thursday night that no deal between Syngenta and Monsanto (NYSE: MON) wouldn't be the end of the world for Syngenta. The two held talks earlier this year, but a deal isn't expected to pan out, according to people familiar with the matter.

However, Syngenta might make a move on Dow Chemical's (NYSE: DOW) agricultural business. Dow has said it was open to divesting the unit in the past. Dow could also move to acquire Syngenta and use the deal to relocate overseas for various tax advantages.

Another option would be a merger between Syngenta and DuPont (NYSE: DD).

Wintergreen Advisers CEO, David Winters, recently commented to Bloomberg, There are a lot of ways to win here ... They’ve tipped their hand that they’re willing to do something. Who they end up doing the dance with and mating with, we’ll see but they’re clearly at the dance.

Shares of Syngenta are down 0.6 percent Friday.


McDonald's (MCD) Temporarily Closes 12 Locations in Russia Following Surprise Inspection Aug 29, 2014 08:44AM

McDonald's (NYSE: MCD) is on watch following reports that several of its locations have been temporarily closed in Russia.

News out Friday has 12 McDonald's locations in Russia closed following an unscheduled mass inspection by the country's food safety regulator, Rospotrebnadzor.

Three locations were closed in Moscow, one in Stavropol, and one in Yekaterinburg, among other locations.

Russia currently has 433 McDonald's locations.

News comes as tensions between Russia and Ukraine continue to mount. Earlier this year, McDonald's closed three locations in Crimea following Russia's move to annex the region.

It wasn't made immediately clear when, if at all, the restaurants will reopen or what procedures have to be completed in order for the locations to restart operations.

Notably, McDonald's was a key sponsor of the 2014 Winter Olympics held in Sochi.

Shares of McDonald's are flat in early trading.


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