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TechCrunch reports that Coca-Cola has decided to shut down the program that the company used to nurture and fund startups, hoping to be able to take advantage of some of those entities' entrepreneurial energy. The Founders Program, as it was called, apparently did not work as well as hoped in terms of applying cool startup ideas to the larger corporation's culture.

The dozen or so companies that got funding from The Founders Program will continue to receive support from Coke, but just not through the now-shuttered division.


Bloomberg reports that "Starbucks Corp. is poised to overtake McDonald’s Corp. as the world’s most valuable restaurant company, and the coffee giant could ultimately have 50,000 locations -- more than any current chain. That’s the prediction of Nomura analyst Mark Kalinowski, who named Starbucks his top restaurant stock for 2017 in a report on Tuesday. He estimates that the company will increase its worldwide restaurant count by 8.4 percent this year and boost same-store sales by more than 5 percent."
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