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Stock Market & Financial Investment News

News Breaks
June 20, 2014
12:18 EDTDNKN, SJM, KRFT, SBUXStarbucks ups cost of packaged coffee, other products WSJ says
Starbucks is will increase prices for certain packaged coffee and other products in response to a spike in raw coffee expenses earlier this year that is now making its way to consumer wallets, according to The Wall Street Journal, citing comments from a company spokeswoman. J.M. Smucker (SJM) was the first large U.S, roaster to raise coffee prices when it announced a 9% price increase on its Folgers and Dunkin' Donuts (DNKN) packaged coffee. Kraft Foods (KRFT) followed their example a few days later with a 10% price increase on its Maxwell House and Yuban brands. Reference Link
News For SBUX;SJM;DNKN;KRFT From The Last 14 Days
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July 7, 2015
09:46 EDTSJMJ.M. Smucker upgraded to Neutral from Underperform at Hilliard Lyons
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July 6, 2015
14:26 EDTSBUXStarbucks to raise drink prices 5c-20c, AP says
Starbucks plans to raise prices on its drinks beginning Tuesday, reports the Associated Press, citing emailed statements from the company. The price hikes will range 5c-20c for most drinks, said the report. Reference Link
July 2, 2015
16:31 EDTKRFTKraft Heinz announces completion of merger
Kraft Heinz (KHC) announced the successful completion of the merger between Kraft (KRFT) and Heinz. As previously announced, Alex Behring will serve as chairman of the board, while Bernardo Hees will be CEO of the company. Effective as of the close of trading on July 2, Kraft Foods shares will cease trading on the NASDAQ. Kraft Heinz shares will begin trading on the NASDAQ under the trading symbol KHC on July 6. On July 31, Kraft Heinz will pay a cash dividend of 55c per share to all stockholders of record at the close of business on July 27. This dividend will be in lieu of the dividend declared on June 22 by Kraft to its shareholders of record as of July 27. The company said its immediate focus is on integrating the two businesses and establishing a new organizational structure, while delivering its financial objectives for 2015. The Heinz brand and business will remain headquartered in Pittsburgh and the Kraft brand and business will remain headquartered in the Chicago area.
July 1, 2015
10:00 EDTSBUXOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Autoliv (ALV) downgraded to Underperform from Outperform at Exane BNP Paribas... Baxter (BAX) downgraded to Neutral from Outperform at Credit Suisse... Carter's (CRI) downgraded to Buy from Conviction Buy at Goldman... Fiat Chrysler (FCAU) downgraded to Neutral from Outperform at Exane BNP Paribas... H&E Equipment (HEES) downgraded to Sector Weight from Overweight at KeyBanc... L'Oreal (LRLCY) downgraded to Sell from Neutral at Citi... Marchex (MCHX) downgraded to Equal Weight from Overweight at Stephens... NASDAQ (NDAQ) downgraded to Market Perform from Outperform at Keefe Bruyette... Starbucks (SBUX) downgraded to Buy from Conviction Buy at Goldman... Towers Watson (TW) downgraded to Hold from Buy at Deutsche Bank... Tuesday Morning (TUES) downgraded to Accumulate from Buy at Johnson Rice... United Rentals (URI) downgraded to Sector Weight from Overweight at KeyBanc.
09:25 EDTKRFTKraft Foods shareholders approve merger with H.J. Heinz
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08:08 EDTSJMJ.M. Smucker announces coffee price decreases
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06:12 EDTSBUXStarbucks downgraded to Buy from Conviction Buy at Goldman
Goldman removed Starbucks from the Conviction Buy List and maintained its Buy rating and $57 price target based on relative valuation versus the group.
June 30, 2015
07:39 EDTKRFTKraft Foods to host special shareholder meeting
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June 29, 2015
16:30 EDTKRFTKraft Heinz appoints Eduardo Pelleissone as SVP of Corporate, Government Affairs
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16:23 EDTKRFTKraft announces appointment of Matt Hill as Kraft Heinz Zone President of Europe
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16:19 EDTKRFTKraft Foods announces appointment of Paulo Basilio as CFO of Kraft Heinz
Effective upon the close of the merger transaction, Kraft Heinz appointed Paulo Basilio EVP and CFO. Basilio joined Heinz in June 2013 as CFO.
June 25, 2015
06:58 EDTSBUXPiper reiterates Starbucks as top pick, raises price target
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June 24, 2015
16:36 EDTKRFTKraft to pay $11.1M to CEO John Cahill to cover tax liability in merger
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09:35 EDTSBUXActive equity options trading on open
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09:01 EDTSBUXAerohive names Starbucks CIO Curt Garner to board of directors
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June 23, 2015
07:46 EDTSBUXPiper Jaffray to hold a field trip
Seattle Field Trip travels throughout Seattle visiting with Costco, Starbucks and Amazon on June 23-24.
07:27 EDTDNKNJefferies to hold a conference
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