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Stock Market & Financial Investment News

News Breaks
January 30, 2014
07:19 EDTSBUXStarbucks leadership changes positive, says Wells Fargo
After Starbucks announced that its CEO, Howard Schultz, would expand his focus on innovation and next generation retailing and payment initiatives, and that CFO Troy Alstead would be promoted to a newly created COO position, Wells Fargo is pleased by Alstead's promotion, and thinks the company could leverage some of its technology and loyalty programs outside of Starbucks. The firm thinks the company is on the verge of a new, positive turning point but keeps a Market Perform rating on the shares.
News For SBUX From The Last 14 Days
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November 20, 2014
11:58 EDTSBUXKeurig Green Mountain sinks after Q1 outlook disappoints, CFO reports departure
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November 14, 2014
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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