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Peet's Coffee & Tea Sold for Nearly $1B

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  • Description

    FBN's Liz MacDonald breaks down afternoon market news

  • Duration 0:57
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I'm Liz MacDonald -- their Fox Business three fears -- the European debt crisis.

Continue to drive the markets lower the Dow has already posted its largest -- -- decline since June 21.

Still well off its session lows it's currently down about a 144.

Points -- on the upside.

Peet's Coffee & Tea is soaring on news that it's being taken private.

German private investment group -- is buying a copy chamber roughly one billion dollars the retailer has struggled with higher coffee being caused in recent months.

And JPMorgan Chase CEO Jamie Dimon is losing his stake in the bank by half a million shares the price -- just over seventeen million dollars.

Diamond Texas purchase the stock for himself his wife.

And it limited liability corporation JPMorgan shares have been hammered after reporting and multi billion dollar loss by its traders this spring the latest on the fox -- network.

Giving you the -- to process.