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Stock Market & Financial Investment News

News Breaks
October 4, 2012
07:51 EDTCSTR, SBUXCoinstar turns to coffee, Bloomberg reports
Coinstar (CSTR), with its $1-a-day Redbox DVD kiosks, is now turning to the coffee market, installing dispensers to pump out inexpensive, fresh-brewed mochas and lattes at the corner store, using Starbucks (SBUX)’s Seattle’s Best brand, reports Bloomberg. The company is attempting to break into the $28.5B out-of- home coffee market by offering convenience and a low price. Next, it wants to expand the premium market by serving coffee where it isn’t now, including drug stores and big-box retailers. Reference Link
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August 15, 2014
06:39 EDTSBUXTim Hortons aims to lure customers via new coffee launch, Reuters says
Tim Hortons (THI) is looking to attract new customers and fight competitors, such as Starbucks (SBUX) and McDonald's (MCD), by revealing a new dark roast coffee blend throughout North America while possibly increasing prices to fend-off increasing expenses and rivals, according to Reuters, citing comments from Tim Hortons CEO Marc Caira. Caira said, "Looking at the coffee market, I would suggest that, given the degree of cost increases, that we are looking at prices going up sometime in 2015." Reference Link

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