U.S. PPI July reading inches up, Coca-Cola (KO) to take large stake in Monster (MNST) and Berkshire Hathaway invests in Charter (CHTR)

Markets were heading slightly higher on Friday after U.S. producer prices were up mildly in July. The Labor Department said that the drop in energy and goods offset rising food prices. The PPI reading came in 0.1% higher last month after a 0.4% rise in June. The gain was on par with analyst’s expectations. In the past 12-months, there has been a rise of 1.7% in producer prices. Shares of Monster Beverage Corporation (MNST) were skyrocketing after Coca-Cola (KO) announced that they would be paying $2.2 billion for a large stake in the company. The cash payment will give Cola a 16.7% stake in the Monster. Coke will then be able to have two members…

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Citigroup (C) fined $7 billion, Volkswagen to build new SUV and Aecom (ACM) to buy URS Corp. (URS)

Markets were heading higher on Monday as news was released that Citigroup (C) has agreed to pay $7 billion in a step to settle a U.S. investigation against them. This settlement will go on record as the largest penalty delivered by the U.S. Justice Department. The probe was diving into whether or not the company sold faulty mortgage-backed securities during the financial crisis. The total nearly doubled what many analysts were predicting. Citigroup said that they would be paying $4.5 billion in cash and give $2.5 billion in help to low-income tenants and those struggling with their homes. U.S. Attorney General, Eric Holder, said, “The penalty is appropriate, given the strength of the evidence of…

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June Fed minutes due out, Alcoa (AA) on the rise and Citigroup (C) may have to pay $7 billion to resolve probe.

Markets were heading higher on Wednesday morning ahead of the Federal Reserve minutes due out later today. The data will be released at 2:00 p.m. ET and give an insight as to what was discussed during the June 17th and 18th Fed meeting. Some analysts are anticipating insight for a possible start on short-term interest rate hikes. Interest rates have remained relatively low since early 2009 and have been a driving force in stock prices. Federal Chairwoman, Janet Yellen, will hold a news conference directly following. She said that there has not been a unanimous decision as to what to do about interest rates. “We’ve made quite a lot of progress in our discussion, but…

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