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Nestle takes over sales of Starbucks in grocery aisle
Nestle is paying more than $7 billion to handle global retail sales of Starbucks' coffee and tea outside of its coffee shops.
The deal announced Monday comes with a huge price tag for Nestle, but it could pay off big for the Swiss company. Its Nescafe and Nespresso don't carry anywhere near the heft in America that Starbucks brand does, with its $2 billion in annual sales.
Microsoft starts program to use AI for disabilities
Microsoft is launching a $25 million initiative to use artificial intelligence to build better technology for people with disabilities.
CEO Satya Nadella announced the new "AI for Accessibility" effort as he kicked off Microsoft's annual conference for software developers.
The five-year accessibility initiative will include seed grants for startups, nonprofit organizations and academic researchers, as well as deeper investments and expertise from Microsoft researchers.
US consumer borrowing
up $11.6 billion in March
Americans increased their borrowing by $11.6 billion in March as a big increase in the category that covers auto and student loans offset the largest monthly drop in credit card borrowing in more than five years.
The Federal Reserve said the March increase in debt was below the $13.6 billion increase in February and was the smallest monthly gain since September.
Putin vows to boost Russian economy
Vladimir Putin has launched his fourth term with an ambitious call to vault Russia into the top five global economies by developing its technological products and agriculture and service exports.
Putin focused almost entirely on domestic issues in his speech.