Yum perks up
Restaurant chains such as Yum Brands and Burger King are perking up their coffee menus, adding specialty cafe drinks to tap into the growing trend.
Jumping ship
Hedge fund billionaire Steven A. Cohen is feeling the pinch from the government’s insider trading probe as investors in his SAC Capital Advisors asked to withdraw $1.68 billion by year’s end.
Burger bump
Burger King, the third-largest US hamburger chain, yesterday posted higher-than-expected quarterly profit, helped by cost cuts. Shares jumped 4.7 percent to $17.36.
Hackers hit FB
Facebook, operator of the world’s largest social network with more than 1 billion members, said it was targeted in a “sophisticated attack” last month by hackers.
Best Buy rises
Shares of Best Buy advanced 7.4 percent to $16.87, following reports that founder Richard Schulze may abandon his buyout bid for the company due to an inability to secure financing.