Independent lab tests indicate Teavana teas contain pesticides, says Glaucus Glaucus Research sent thirteen of Teavana's (TEA) most popular teas to an accredited lab in Germany for testing. The results indicate Teavana's teas contain pesticides in the amounts that exceed U.S. and EU regulatory limits. Glaucus believes Starbucks (SBUX) is buying a "massive liability" in Teavana given the Federal Trade Act and state consumer protection laws prohibit deceptive marketing and notes Teavana markets its teas as either "Organic" or "European Organic." The firm believes Starbucks has been deceived by Teavana's statements and will eventually walk away from the transaction. Glaucus rates Teavana a Strong Sell.
EU 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