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Sometimes, the power of the petition apparently works: Whole Foods Market (NASDAQ: WFM) will be piloting a program with Imperfect Produce later this month at 11 California stores under which the chain will sell "ugly" produce. Though there's nothing wrong with these smaller, blemished or misshapen fruits and vegetables, consumers have become conditioned to only want perfect-looking foods.
Growth and income investors received more good news ahead of IBM's (NYSE: IBM) second-quarter earnings release, scheduled for July 18. The company announced Tuesday that engine manufacturing leader Pratt & Whitney, a wholly owned subsidiary of aerospace and building systems behemoth United Technologies (NYSE: UTX), has become its latest cloud solutions customer.
Many analysts and investors were not impressed with the deal Nokia (NYSE: NOK) negotiated with Samsung (NASDAQOTH: SSNLF) earlier this year to settle their licensing dispute. Following the arbitration, Nokia announced its technologies division would have an annual run rate of $888 million, boosted by its deal with Samsung.
Recently thwarted in its attempt to promote federal legislation that would have undermined the construction of a competing casino in a neighboring state, MGM Resorts International (NYSE: MGM) is now looking to regroup and find another way to prevent its new gambling house in Massachusetts from being debilitated.