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News Breaks | | | | November 20, 2012 | | 10:59 EDT |  | TEA, SBUX | Teavana slides after short-seller says Starbucks may walk from deal
Specialty tea retailer Teavana (TEA), which has recently agreed to be acquired for $620M or $15.50 per share by Starbucks (SBUX), is sliding after a firm with a disclosed short position said the deal could be jeopardized by allegations of consumer fraud at Teavana. Glaucus Research Group claimed in a note to investors earlier today that independent laboratory tests it had commissioned indicated that Teavana's teas contain pesticides in amounts that exceed regulatory limits set by the U.S. and European Union. According to Glaucus, Teavana's marketing practices violate federal and state laws against deceptive marketing and the firm believes Starbucks is likely to walk away from the agreed upon deal once the "inevitable" lawsuits against Teavana begin. Glaucus disclosed in its note, "We are short sellers. We are biased...[But] just because we are biased does not mean that we are wrong." In mid-morning trading, shares of Teavana slid 53c, or 3.43%, to $14.90. | |
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News For TEA;SBUX From The Last 14 Days Check below for free stories on TEA;SBUX the last two weeks. |
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| May 21, 2013 | | 14:50 EDT |  | SBUX | Wal-Mart among 19 large retailers to opt out of swipe fee deal, DJ reports
A group of 19 large retailers led by Wal-Mart (WMT) are opting out of a pending settlement with Visa (V) and MasterCard (MA) over swipe fees, reported Dow Jones, citing a statement from the companies. The group of merchants also includes Costco (COST), Starbucks (SBUX), Gap (GPS), Lowe's (LOW) and Nike (NKE), among others, and their announcement comes a week before a court deadline to object to and opt out of the proposed settlement, the report noted. Reference Link | | | May 13, 2013 | | 08:53 EDT |  | SBUX | Boingo Wireless price target raised to $10 from $7.50 at DA Davidson
DA Davidson increased its price target on Boingo Wireless (WIFI) as the firm expects the company to rebound in coming quarters, partly due to its new deals with Endeka and Starbucks (SBUX). The firm keeps a Buy rating on Boingo. | | | May 9, 2013 | | 12:35 EDT |  | SBUX | On The Fly: Midday Wrap
 Subscribe for More Information | | | 12:12 EDT | | SBUX | Green Mountain rallies after earnings beat, renewed Starbucks deal
Subscribe for More Information | | | 08:07 EDT | | SBUX | Green Mountain results mixed, Starbucks deal may have downside, says Stifel
Subscribe for More Information | | | 07:06 EDT | | SBUX | Starbucks channel volume to reaccelerate, says Bernstein
Subscribe for More Information | | | May 8, 2013 | | 19:06 EDT | | SBUX | On The Fly: After Hours Movers
Subscribe for More Information | | | 16:05 EDT | | SBUX | Green Mountain, Starbucks enter into long-term strategic partnership
Starbucks (SBUX) and Green Mountain (GMCR) said they have signed an agreement that provides for the expansion of their partnership for the manufacturing, marketing, distribution, and sale of Starbucks- and Tazo-branded single serve packs for use in GMCR’s Keurig single serve brewing systems globally. Starbucks and GMCR first entered into partnership in March 2011. Under the new agreement, Starbucks will add brands and varietals to the already robust Starbucks® K-Cup® and Vue® pack portfolio of offerings for Keurig single cup brewers, ultimately tripling the number of Starbucks products and adding brands offered on the Keurig platform. Financial terms of the agreement were not disclosed. | | | 16:03 EDT | | SBUX | Green Mountain, Starbucks enter into long-term strategic partnership
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