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Stock Market & Financial Investment News

News Breaks
November 20, 2012
13:15 EDTTEA, SBUXTeavana refutes short seller allegations, says teas safe
Teavana Holdings (TEA) issued the following statement in response to allegations made by certain short sellers: "Teavana’s teas undergo rigorous third-party testing on each batch of teas based on international food safety standards including European Union regulations, which are widely considered to be the most stringent in the world. Consistent with that, the Company has established internal procedures and comprehensive third party testing to ensure all tea is safe and within those guidelines. Teavana refutes the report’s conclusions. The group that published the report is a short-seller and may benefit financially from the allegations in the report. Teavana’s teas are safe and of the highest quality." The Fly notes that Glaucus Research claimed in a note to investors earlier today that independent laboratory tests indicated Teavana's teas contain pesticides. Glaucus also alleged that Starbucks' (SBUX) agreement to purchase Teavana was threatened by the findings.
News For TEA;SBUX From The Last 14 Days
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October 16, 2014
15:11 EDTSBUXStarbucks confirms plans to roll out mobile ordering in U.S. in 2015
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08:06 EDTSBUXAlmunia says political pressure around Google case 'unprecented,' WSJ reports
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October 15, 2014
07:55 EDTSBUXStarbucks checks refute bear case, says Bernstein
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