NEW YORK (CNN) -- CNN Money's Maribel Aber has your top business and financial news on this Wednesday, July 3.
Paula Deen fallout: A mess for suppliers?
As Paula Deen's home-goods empire unravels, companies making or distributing her products -- everything from pots and pans to dishes and scented candles -- may be left with a messy situation of their own. Several large stores, including the world's largest retailer Wal-Mart (WMT, Fortune 500), announced last week that they would stop selling Paula Deen products. Target (TGT, Fortune 500), Home Depot (HD, Fortune 500), Sears (SHLD, Fortune 500), J.C. Penney (JCP, Fortune 500) and QVC also said they would discontinue her merchandise.
Starbucks quietly testing handcrafted soft drinks
The Starbucks siren is dipping her tail into soda. The coffee kingpin, which has been carefully but methodically evolving beyond coffee over the past several years, is quietly testing handcrafted soft-drink products - spiced root beer, ginger ale and a lemon ale - in some stores in the Atlanta and Austin markets.
UCA team headed to Russia for Microsoft Imagine Cup finals
An ongoing research project at the University of Central Arkansas could turn into a big deal on the international business stage later this month. Bears Unlimited, a team of four UCA computer science students, will compete in the world finals of the 12th annual Microsoft Imagine Cup next week in St. Petersburg, Russia. The team, which consists of UCA seniors John White, Ben Tackett, Kyle Eichelberger and graduate student Michelle Enfinger, developed a sensor-filled glove for use in hand, wrist and forearm therapy.
E-mail is crushing Facebook, Twitter for selling stuff online
In 2013, no company can expect to be taken seriously if it's not on Facebook or Twitter. An endless stream (no pun intended) of advice from marketing consultants warns businesses that they need to "get" social or risk becoming like companies a century ago that didn't think they needed telephones. Despite the hype that inevitably clings to the newfangled, however, it's relatively antique tech that appears to be far more important for selling stuff online.