Business News: Presbyterian Church Pulls Millions in Investments

(CNN)- It's a separation of church and wallet.  The Presbyterian Church announced that it is pulling millions of dollars' worth of investments from three American companies linked to the tensions in the Middle East .  During Friday's annual meeting in Detroit, church officials voted in favor of divesting 21 million from Caterpillar, Hewlett-Packard and Motorola solutions. But as moderator Heath Rada stresses, this move is not a reflection against the Jews.  However some organizations, including the American Jewish Committee, disagree.

(CBS)-  More problems for RadioShack.  Shares in the struggling company are trading below a dollar a share for the first time in its history.  The New York Stock Exchange could stop listing the stock if it remains below a dollar, for 30 consecutive trading days.

(CNN)-  Your Starbucks latte could cost you more starting tomorrow.  The coffee giant is raising its prices.  On average, a Starbucks drink will cost between 5 and 20 cents more.  The company estimates that only about 20 percent of orders will be affected.  The price change will be different in different areas of the country.  Starbucks is also raising the price of its packaged coffee sold in grocery stores by about 8 percent, beginning July 21.


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