Business Beat for Monday, Oct. 27, 2014

SHARE Business Beat for Monday, Oct. 27, 2014

Dunkin’ Donuts plans ‘Croissant Donut’ — not a ‘Cronut’

Dunkin’ Donuts plans to roll out a croissant-doughnut hybrid in the U.S. next week, but the company says please don’t call it a “Cronut.”

Shake Shack to open here Nov. 4

The long wait is over. Shake Shack says it will open Nov. 4 at Ohio and Rush streets. [Entertainment]

CVS, Rite-Aid turn off Apple Pay in mobile payment battle

CVS and Rite-Aid are part of a consortium of retailers, led by Wal-Mart, that’s developed a competing system, Forbes reports.

Parent company of Divvy Bikes, Alta Bike Shares, sold: report

Capital New York reports that REQX Ventures has bought the Divvy parent, also acquiring CitiBike in New York and other fleets in the deal.

Stocks end mixed as oil, Europe weigh on investors

U.S. stocks ended mixed Monday as the price of oil slips and more disappointing news on the global economy emerges.

Nike opens women’s store-within-a-store at Macy’s

A Nike Training Club shop has opened at Macy’s on State Street and is coming to Macy’s at Oakbrook Center, Crain’s reports.

United begins direct South Bend-Newark flights

Northern Indiana officials are celebrating the start of direct air service between South Bend International Airport and Newark Liberty International Airport in New Jersey.

User growth hits Twitter stock after-hours

Twitter’s 3rd quarter revenue outpaced expectations, but investors concerned about user growth and holiday-quarter sales clipped the company’s stock.

Toyota tops Consumer Reports reliability rankings

The company’s Toyota and Lexus brands top the survey, and its Scion brand is in the Top 10.

ALSO: Toyota at top in global vehicle sales over VW, GM

The SUV goes from All-American to global star

Once a hulking symbol of American excess, sport utility vehicles are quickly becoming the world’s favorite way to get around.

Baby wipes recalled due to potential bacteria

Nutek Disposables has issued a nationwide voluntary product recall of baby wipes because some packages may contain bacteria.

Honeywell probes chemical leak at downstate plant

Honeywell says there’s no evidence that a weekend leak of a compound used in uranium enrichment at its southern Illinois plant escaped that building.

Sam’s Club trying to woo small-business owners

Sam’s Club is trying to attract small-business owners by offering health care, payroll and legal services, Entrepreneur reports.

Chiquita OKs $681M deal with 2 Brazilian bidders

Chiquita has agreed to sell itself to two Brazilian companies for about $681 million, just days after shareholders rejected a merger with Fyffes.

Merck 3Q adjusted profit tops analysts’ estimates

Merck’s income fell mostly because of large costs tied to acquisitions and divestitures. But the drugmaker’s adjusted earnings topped expectations.

Valeant: We’ll lift offer for Botox maker

The Canadian drugmaker Valeant said it would be willing to raise its takeover bid for Allergan by almost 12 percent.

The Latest
Reyes legged out his second triple in five games Friday against the Brewers. Reyes’ hustle enabled him to score on an infield hit by Ian Happ to cap a three-run first.
“I think he turns the page quickly,” manager David Ross said of Morel. “I think he wants to be great and perfect, like they all do. I think he’s got this kid-type energy when he plays, it’s on to the next thing.
Triston McKenzie strikes out 14, Guardians score 4 in seventh in 5-2 win
The shooting happened about 6 p.m. in the 3300 block of West Flournoy Street.