Peet’s Coffee & Tea plans to open 16 stores in the Chicago area by the end of year, making this area one of the company’s biggest markets outside California.
Shares of Chicago-based Boeing Co. slipped Tuesday after two analysts downgraded their outlook for the aircraft maker’s stock. An “underperform” rating by The Buckingham Research Group is the first such rating for Boeing’s stock since 2009.
Netflix is giving its Internet video subscribers a more discreet way to recommend movies and TV shows to their Facebook friends after realizing most people don’t want share their viewing habits with large audiences.
McDonald’s Corp. plans to increase audits, including video monitoring, of its suppliers in China after a food scandal in July hurt its sales there.
OSI Group Inc. has contracted with a subsidiary of Golden State Foods to manage a vegetable and fruit plant in China.
Dutch brewer Heineken NV says it has sold its packaging business in Mexico to Crown Holdings Inc. of the U.S. for $1.23 billion to reduce debt.
Tyson Foods Inc. on Thursday completed its $8.5 billion takeover of Chicago-based Hillshire Brands Co. The combined company will have annual sales of more than $40 billion and own such brands as Tyson, Jimmy Dean, Ball Park and Hillshire Farm.