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Stock Market & Financial Investment News

News Breaks
February 4, 2014
06:56 EDTSBUXStarbucks near-term earnings unaffected by coffee rise, says Deutsche Bank
Deutsche Bank notes that coffee futures have soared in recent weeks amid hot and dry weather in Brazil, the world’s largest producer and exporter of coffee. Deutsche expects no near-term impact to Starbucks' earnings since the company has already fully contracted its coffee needs for FY14, but notes higher coffee prices could hurt the company longer-term as contracts roll off. The firm keeps a Buy rating on Starbucks with an $88 price target.
News For SBUX From The Last 14 Days
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September 1, 2015
17:29 EDTSBUXGoogle cancelled location-tracking ad project, Fortune says
Earlier this year, Google (GOOG) cancelled a project that aimed to track Google Maps users and send notifications to their phones after entering the vicinity of certain retailers, allowing potential partners such as Starbucks (SBUX) or Walgreens (WBA) to automatically highlight loyalty programs or discounts when a customer entered the store, reports Fortune, citing people familiar with the project. The project, known as "Google Here," was shut down due to concerns of being overly invasive as well as doubts about whether retailers were interested in the project, said the report. Note that on June 8, Facebook (FB) expanded its test of business "beacons," allowing retail partners to "beam" information to customers via in-store devices. Reference Link
August 25, 2015
07:36 EDTSBUXStarbucks CEO tells workers to be nice to stock-stressed customers, Fusion says
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