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Green Mountain Coffee Roasters (Nasdaq: GMCR  ) is hoping that a pop star will get it back in Wall Street's good graces. The company behind the Keurig single-cup brewing system revealed that Coca-Cola (NYSE: KO  ) executive Brian Kelley will be its new CEO.

Back in September, Coke had tapped Kelley to head its North American refreshment business starting in January. Well, he decided to go with Green Mountain instead.

The Coca-Cola connection doesn't mean Green Mountain will move away from hot beverages, though the company already has the "Brew Over Ice" line of beverages that are brewed hot but cooled down by trickling into a cup of ice.

Kelley will help give the company credibility when it needs it, after seeing its stock get slammed over the past year. It would be a bonus if he's able to use his extensive list of contacts to expand Green Mountain's retail reach.

Briefly in the news
And now let's take a quick look at some of the other stories that shaped our week.

  • Nuance Communications (Nasdaq: NUAN  ) investors don't want to hear this, but the pioneer of voice-recognition technology fell short on the top line in its latest quarter. Nuance's revenue climbed an impressive 28% to $468.8 million, but the pros were targeting $498 million this time.
  • Baidu (Nasdaq: BIDU  ) raised nearly $1.5 billion in debt financing, even though the company already has more than $3.3 billion in cash and marketable securities on its balance sheet. Maybe China's leading search engine will eye a few acquisitions with its newfound funds.
  • Research In Motion (Nasdaq: RIMM  ) traded in the double digits for the first time since June, triggered by an analyst who doubled his price target on the shares from $5 to $10. BlackBerry 10, don't fail RIM now.

Moving on
There's also a premium report on Baidu, with an extensive look at China's dot-com darling. The premium research comes with a year's worth of updates. Click here to check it out.

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Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On November 24, 2012, at 8:30 AM, Arthur1111 wrote:

    RIMM shares were already flirting with the double digits before Peter Misek of Jefferies raise his rating from underperform to hold on Tuesday. He also raised the price target from $5 to $10. But, no one cares what he says. In fact the stock lost momentum with this news. He was just covering himself.

    RIMM shares surged on The National Bank Financial price increase (from $12 to $15). That is more respectful source than Misek's nonsense.

    When you write on a company try to get the facts straight. I am not impressed with the countless useless articles you write on RIMM.

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