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Time Warner Cable execs set to get $135M 'golden parachute' PDF  | Print |  E-mail
Written by Associated Press   
Thursday, 20 March 2014 15:34

LOS ANGELES (AP) — Departing Time Warner Cable Inc. executives are in line to receive "golden parachute" compensation totaling around $135 million as part of Comcast Corp.'s $45 billion acquisition of the cable operator.

Shareholders are being asked to vote on the packages in a non-binding advisory vote. The details were contained in a securities filing Comcast made Thursday.

Time Warner Cable Chief Executive Rob Marcus is in line to receive $79.9 million, Chief Financial Officer Arthur Minson Jr. is set to get $27.1 million, Chief Technology Officer Michael LaJoie would get $16.3 million and Chief Operating Officer Philip Meeks is to receive $11.7 million.

The amounts include cash, stock and benefits that the executives were to receive for the next two to three years and the final totals could change.


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
Starbucks to roll out beer, wine to more cafes PDF  | Print |  E-mail
Written by Associated Press   
Thursday, 20 March 2014 13:02

NEW YORK (AP) — Starbucks plans to turn more of its cafes into a destination for beer and wine in the evenings.

The coffee company says it is looking to expand alcohol sales to "thousands of select stores" over the next several years.

The chain first offered beer and wine at one of its Seattle cafes in 2010. It's now in about 26 cafes, with plans to reach 40 by the end of the year.

The cafes with alcohol also serve a variety of small dishes, such as flatbreads and bacon-wrapped dates.

It's part of the chain's push to boost sales after the morning rush hour. To attract more afternoon customers, for instance, the company recently introduced new sandwiches and salads.

There are about 11,000 Starbucks stores in the U.S.


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Last Updated on Thursday, 20 March 2014 13:43
 
Ikea recalls cot canopies for strangulation risk PDF  | Print |  E-mail
Written by Associated Press   
Thursday, 20 March 2014 13:45

STOCKHOLM (AP) — Swedish furniture retailer Ikea is recalling children's bed canopies because of a strangulation risk.

The company says that after receiving complaints from customers it has identified the risk of potential harm in canopies used to cover cots in the models: Legendarisk, Minnen bed canopy set, Barnslig Boll, Minnen Brodyr, Himmel, Fabler, Tissla and Klammig. About 2.7 million canopies have been sold in all Ikea markets since 1996.

Ikea said Thursday it was not aware of any reports of "permanent injury," but that customers had complained of canopy nets being pulled into cots and becoming entangled around infants' necks.

The furniture giant said it will fully refund customers for the canopy purchases when returned to the retailer.


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
Swiss Emmentaler named world's best cheese PDF  | Print |  E-mail
Written by Associated Press   
Thursday, 20 March 2014 08:56

MADISON, Wis. (AP) — A Swiss Emmentaler has won the title of 2014 World Championship Cheese in Wisconsin.

Cheesemaker Gerard Sinnesberger took top honors for his Original Schweizer Rohmilch Emmentaler, a large format, big wheel Swiss cheese.

Out of possible 100 points, the Emmentaler scored 97.85 in the final round of judging Wednesday. The cheese scored top honors out of 2,615 entries from 22 countries.

An Austrian entry, called Erzherzog Johann, was second. Another Swiss entry, Gruyere AOP, was third.

U.S. cheesemakers scored big in the competition, winning gold medals in 59 of the total 90 categories judged. Switzerland came in second with seven gold medals, while the Netherlands had five.

Among U.S. entries, Wisconsin dominated with 33 gold medals.

___

Online:

http://www.worldchampioncheese.org


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
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