Marketplace for Friday August 15, 2014
Starbucks changes some of its computer-driven scheduling policies, and we use it as a way to explain the growing phenomenon of using algorithms and big companies to schedule employes to manage labor costs — and the (negative) consequences for them — lost hours, flexibility, control. Plus, Coke is acquiring a 17 percent stake in Monster Beverage for just over $2 billion. The energy drink business is booming and the soda business — not so much. So Coke wants an energy jolt from Monster... but to get it, it's exchanging its own energy brands for Monster’s non-energy drinks. We use Coke to look at swaps. What they are, why they’re done and whether they work. Also, the 2014 United States Open Miniature Golf Tournament that begins in Erie, Pa., today. Prizes are small, but apparently there’s enough action that it can sustain a pro circuit, Queena Kim reports.