Yahoo & Yelp
Yahoo is reportedly teaming up with Yelp to step up its search engine. At an employee meeting Friday, Yahoo CEO Marissa Mayer reportedly unveiled plans to incorporate Yelp’s reviews of local businesses into Yahoo’s search results. The move could help Yahoo compete with market leaders like Google and Bing. Shares of Yelp rose almost two percent to $91.11. Shares of Yahoo were also up 1.5 percent to $37.76.
Toy maker, Hasbro, reported a weak holiday quarter as its boy’s category dragged down sales. But investors shrugged that off since the boy’s unit should turnaround this year with new movies coming out like Spider-Man and Transformers. The company also upped its dividend. Shares jumped, up 4.5% to $52.36.
Green Mountain Coffee Roasters & Krispy Kreme
Green Mountain Coffee reached a sweet deal with Krispy Kreme. The Keurig maker is teaming up with the doughnut company to launch a k-cup coffee line by the end of the year. This come less than a week after news that Coca-Cola bought a ten percent stake in Green Mountain and the two companies are making a cold drink machine together. Shares of Green Mountain rose three percent to $110.92. Shares of Krispy Kreme also rose three percent to $17.96.
Shares of Caesar’s Entertainment took a hit on reports it’s working on a financial restructuring plan. The casino operator is apparently dealing with a hefty debt load, declining revenue and low liquidity. Caesar’s has struggled to recover since the recession and hasn’t posted a profit since 2009. The stock fell more than 3.5% to $21.81.