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Stock Market & Financial Investment News

News Breaks
June 20, 2014
12:18 EDTSJM, KRFT, DNKN, 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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November 28, 2014
10:25 EDTSBUXStarbucks up 2% to $81.43 after Piper boosts target to $100
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09:44 EDTSJMJ.M. Smucker management to meet with JPMorgan
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07:08 EDTSBUXStarbucks price target raised to $100 from $90 at Piper Jaffray
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November 25, 2014
11:57 EDTDNKNDunkin' Brands management to meet with Jefferies
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11:16 EDTSJMJ.M. Smucker initiated with an Outperform at Tigress Financial
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November 20, 2014
11:58 EDTSBUX, DNKNKeurig Green Mountain sinks after Q1 outlook disappoints, CFO reports departure
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November 19, 2014
14:08 EDTKRFTEarnings Preview: Keurig Green Mountain sees FY14 EPS $3.71-$3.78
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07:05 EDTSJMJ.M. Smucker backs FY15 EPS ex-items $5.45-$5.65, consensus $5.55
The company expects FY15 net sales to decrease approximately 1%, as compared to 2014. Revenue consensus $5.56B. Based on the full year results for the first six months of 2015, the company's outlook implies a modest increase in net sales for the last six months of 2015 over the same period last year. The company noted higher net price realization, favorable mix, and the contribution from Sahale as the primary contributors. Volume declines and an unfavorable net price realization to cost relationship in the U.S. Retail Coffee segment are the primary contributors of the income per diluted share decline for the last six months of 2015, compared to the same period in 2014. Free cash flow for 2015 is expected to approximate $500M reflecting the anticipated decrease in net income and a higher level of working capital requirements.
07:03 EDTSJMJ.M. Smucker reports Q2 EPS ex-items $1.53, consensus $1.53
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November 18, 2014
15:21 EDTSJMNotable companies reporting before tomorrow's open
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November 14, 2014
11:35 EDTDNKNDunkin' Brands initiated with a Strong Buy at Tigress Financial
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06:16 EDTSBUXEU says Starbucks tax deal in Netherlands may be illegal state aid, WSJ says
The European Union said the tax deal struck by Starbucks (SBUX) in the Netherlands amounts to illegal state aid, reports the Wall Street Journal. European Commission regulators said it reached a preliminary view that the tax deal violated guidelines produced by the Organization for Economic Cooperation and Development. It said the tax deal "tolerates questionable adjustments which allow Starbucks Manufacturing BV to lower the resulting corporate income tax basis in the Netherlands." The EU is also investigating tax arrangements of Apple (AAPL) in Ireland and Amazon (AMZN) and Fiat S.p.A. (FIATY) in Luxembourg. Reference Link

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