Starbucks Raises Prices on Tall Coffees in U.S. Northeast, South and Southwest

Starbucks Corp. (SBUX), the world’s biggest coffee shop operator, raised prices on certain beverages in the U.S. Northeast, such as New York City, the South and Southwest to make up for higher costs. The changes are the result of “the cost of doing business,” which includes distribution, materials and commodities, said Jim Olson, a company spokesman, in an email. 

The New York City market has raised the price of tall brewed coffees and tall lattes increased by 10 cents, while the price for grande brewed coffees stayed the same. 

Mexican Stocks Rise along with Peso

Mexican stocks closed higher yesterday and the peso strengthened against the U.S. dollar in light trade due to the closer of several foreign markets for the New Year's holiday.

Volume was very light, with just under 18 million shares and the market's IPC index of leading issues finished up 0.7 percent at 37,335 points. 

Mexico Stocks: Cemex, Corp. Geo, Industrias Penoles Shares Gain

Via Bloomberg.com: The following companies are having unusual price changes in Mexico trading. The IPC index (MEXBOL) surged 4 percent to 35,942.77. Mexican stocks soared, snapping a four-day slide and following U.S. equities higher as euro-area leaders were said to boost efforts to end the debt crisis. German newspaper Welt am Sonntag reported German Chancellor Angela Merkel and French President Nicolas Sarkozy are discussing an agreement under which member states will commit to tighter budget discipline without waiting for treaty changes.