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Stock Market & Financial Investment News

News Breaks
November 20, 2012
13:15 EDTSBUX, TEATeavana 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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May 20, 2015
08:18 EDTSBUXKeurig Green Mountain downgraded at Argus on 2.0 brewer challenges
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May 18, 2015
17:07 EDTSBUXStarbucks establishes music partnership with Spotify
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09:00 EDTSBUXStarbucks management to meet with JPMorgan
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May 12, 2015
15:46 EDTSBUXExpert claims some Starbucks customers hacked, CNBC reports
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