Verizon & Vodafone End Venture; Beef over Fast Food

Verizon (VZ) and Vodafone (VOD) are in talks to end their partnership in Verizon Wireless. Word is Verizon would pay Vodafone well over $100-billion for its stake in the joint venture. Breaking news: The Commerce Department's latest estimate of GDP has exceeded expectations. The first estimate came in at 1.7%. Fast food workers are taking a beef to the picket lines. The workers are pushing to get chains like McDonald's (MCD), Wendy's (WEN) and Taco Bell (YUM) to raise their wages to $15 an hour, which is double the national minimum wage. STOCKS TO WATCH Campbell's (CPB) reported earnings this morning. The maker of soup and more posted earnings of 45-cents a share, up 4-cents from a year ago and 3-cents better than estimates. The company has been working to strengthen its core business while also expanding into higher-growth spaces. Guess (GES) has been up more than 18% since yesterday's closing bell. The company shattered estimates with its earnings report, posting profits of 52-cents a share, when analysts were looking for 36-cents. The climb we're seeing on this report, just about mirrors an 18% drop in Guess stock over the past month. The smaller competitor of Whole Foods says same store sales rose 3.4% in the quarter, and revenue rose 13% from a year earlier. Prior to this morning Fresh Market shares were up 13% year-to-date. Krispy Kreme (KKD) reports after the closing bell. Krispy Kreme is expected to post healthy gains over last year: earnings of 16-cents a share, up from 12-cents on revenue that's risen to $111-million. On Fina Fresh Market

 
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