Austin, TX 12/5/2007 11:13:09 PM
Speak with other shareholders about: (NASDAQ: JMBA), (NYSE: PAS), (NYSE: BUD)
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Dec. 4, 2007 -- Shares of Jamba Inc. (NASDAQ: JMBA), the maker of Jamba Juice drinks, climbed Tuesday after the company said it signed an agreement to develop juices and smoothies with Nestle SA. Jamba said it will launch the ready-to-drink products, Smoothies and Juicies, during the second quarter of 2008, and shares rose 65 cents, or 19.2 percent, to $4.04 in afternoon trading. Merriman Curhan Ford & Co. analyst Robert D. Straus said Nestle will start by making and distributing six Jamba items, but the deal could expand from there. While terms were not disclosed, Straus said the agreement will allow shoppers to find Jamba products in groceries and other locations, which will encourage them to visit Jamba stores.
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Dec. 4, 2007 -- The senior vice president of the worldwide supply chain of soft drink bottler PepsiAmericas Inc. (NYSE: PAS) exercised options for and sold 25,000 shares of common stock, according to a Securities and Exchange Commission filing Monday. In a Form 4 filed with the SEC, Jay S. Hulbert reported he exercised options for the shares last Thursday for $18.92 apiece and then sold all of them on the same day for $33.83 to $34.10 each. Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.
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Dec. 4, 2007 -- Anheuser-Busch Cos. Inc. (NYSE: BUD) announced that Mark T. Bobak, 48, group vice president and chief legal officer of the corporation will resign to start his own firm. Gary L. Rutledge, 52, who currently serves as vice president of corporate labor relations and heads the company's litigation practice, will succeed Bobak in leading the company's legal, government affairs and labor relations areas. The moves will become effective upon Bobak's resignation at the end of the year.
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