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Stock Market & Financial Investment News

News Breaks
January 27, 2013
16:51 EDTSBUXStarbucks and U.K extend tax argument, Dow Jones reports
Starbucks (SBUX) and the U.K government are continuing their disagreement over corporate tax affairs after Starbucks reportedly warned it may hold off on investment in the country due to "unfair scrutiny" over its business operations, says Dow Jones. Reference Link
News For SBUX From The Last 14 Days
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April 23, 2014
11:36 EDTSBUXSodaStream surges after website says Starbucks close to buying stake
Shares of SodaStream (SODA) are jumping after Israeli website Globes reported that the company is in advanced talks to sell a 10% stake in itself to Starbucks (SBUX). Israel-based SodaStream markets at-home soda makers. WHAT'S NEW: Starbucks is in advanced talks about buying a 10% stake in SodaStream in a deal that would value the Israeli company at $1.1B, Globes reported today. That valuation would represent a 30% premium over the company's price as of earlier today, the Israeli website added. An official announcement of the deal will be made soon, Globes quoted unnamed sources close to the deal as saying. WHAT'S NOTABLE: Last week, another Israeli website, Hebrew language Calcalist, reported that SodaStream was in talks to sell a 10%-16% stake in itself to a strategic buyer at a company valuation of $1.1B. PepsiCo (PEP), Dr Pepper Snapple (DPS), and Starbucks may have held talks with SodaStream about the matter, Calcalist previously stated. PRICE ACTION: In late morning trading, SodaStream jumped $4.45, or 11%, to $44.88.
11:22 EDTSBUXSodaStream in advanced talks with Starbucks on 10% stake sale, Globes says
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11:21 EDTSBUXSodaStream in advanced talks with Starbucks on 10% stake sale, Globes says
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07:40 EDTSBUXStarbucks set to open Los Angeles La Boulange bakery, Reuters says
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April 21, 2014
06:44 EDTSBUXCompetitors gaining ground on McDonald's breakfast market, WSJ says
McDonald's (MCD) faces increased competition from Yum Brands' (YUM) new Taco Bell breakfast menu as well as Burger King (BKW), Dunkin' Brands (DD), Starbucks (SBUX), and White Castle's renewed efforts to gain ground in the breakfast market, reports the Wall Street Journal. Reference Link
April 16, 2014
12:47 EDTSBUXOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday as the earnings season picks up steam. Stocks began the session sharply higher, with the market attempting to extend the rally that began on Monday. The move upward comes in spite of the dayís housing data coming in below expectations. This afternoon, investors will be watching the Fedís Beige Book report in hopes it provides evidence that the economy is strengthening. ECONOMIC EVENTS: In the U.S., housing starts in March were up 2.8% from the prior month to a rate of 946K, versus expectations for an increase of 7%. Building permits were down 2.4% to a 990K rate, versus expectations for a decline of 0.4%. Industrial production rose 0.7% in March, which was ahead of the 0.5% forecast. The Fedís Beige Book report, which includes anecdotal reports on business conditions in the various Fed districts, is due out at 2:00 pm ET. In China, data showed its economy grew 7.4% in the first quarter from a year earlier, providing relief after recent signs that growth in the world's second largest economy has been slowing. COMPANY NEWS: Shares of Bank of America (BAC) were down over 2% near midday after the company reported a first quarter loss of 5c per share, which was influenced by $6B in legal charges. The $6B in litigation expense, which was related to a previously announced settlement with the Federal Housing Finance Agency and added reserves for other legacy mortgage-related matters, hurt the banks earnings by about 40c per share... Yahoo (YHOO) rose more than 6% after reporting first quarter profit and sales last night that beat expectations. A great deal of attention was also paid to the 66% year-over-year increase in revenue reported by Alibaba, the Chinese group of e-commerce sites in which Yahoo has a 24% stake. This morning, Wells Fargo upgraded its rating on Yahoo to Outperform from Market Perform and raised its price target range for shares to $45-$47 from $38-$40, while Jefferies assumed coverage of Yahoo and also raised its rating on the stock. MAJOR MOVERS: Among the notable gainers was SodaStream (SODA), which surged 9% after an Israeli website said that the company was in talks to sell a 10% or greater stake to a big name company such as PepsiCo (PEP), Dr Pepper Snapple (DPS), or Starbucks (SBUX). Also higher was drugmaker Zogenix (ZGNX), which gained nearly 10% after confirming that a judge prevented a ban on sales of the company's Zohydro pain medication in Massachusetts. Among the noteworthy losers was Agnico Eagle Mines (AEM), which fell 7.5% after agreeing to jointly acquire Osisko Mining in partnership with Yamana Gold (AUY). Yamana shares were also down 3%. Also lower following their earnings reports were ADTRAN (ADTN), which fell nearly 6%, and CSX (CSX), which dropped about 3%. INDEXES: Near midday, the Dow was up 124.14, or 0.76%, to 16,386.70, the Nasdaq was up 37.86, or 0.94%, to 4,072.02, and the S&P 500 was up 13.52, or 0.73%, to 1,856.50.
10:49 EDTSBUXSodaStream rallies following report of talks to sell stake to American company
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08:49 EDTSBUXSodaStream investment report 'unsubstantiated and unlikely,' says Stifel
Stifel said it views the report in Israel-based Calcalist that SodaStream (SODA) was in talks with a large partner like PepsiCo (PEP), Dr. Pepper (DPS), or Starbucks (SBUX) for a 10%-16% strategic stake as "unsubstantiated and unlikely." Stifel noted that the publication reported falsely in the past that PepsiCo was going to purchase SodaStream and the firm maintained its Sell rating on SodaStream shares. Note that SodaStream shares are up nearly 12% in pre-market trade following Calcalist's report.
06:38 EDTSBUXStarbucks to relocate EU headquarters to Britain, U.K. Times says
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April 15, 2014
06:52 EDTSBUXJuan Valdez profit sparks IPO goal as chain takes on Starbucks, Bloomberg says
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April 14, 2014
07:59 EDTSBUXStarbucks volatility increases from historic low levels into Q2 and outlook
Starbucks April call option implied volatility is at 24, May is at 27, June is at 24, July is at 22; compared to its 26-week average of 23 according to Track Data, suggesting large June near term price movement into the expected release of Q2 results after the market close on April 24.

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