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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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September 30, 2014
06:34 EDTSBUXStarbucks should be bought ahead of catalysts, says Piper Jaffray
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September 29, 2014
07:51 EDTSBUXDunkin' Brands CEO not worried about Tim Hortons-Burger King deal
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September 24, 2014
13:30 EDTSBUXStarbucks adds Russia locations as sanctions accumulate, Bloomberg says
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07:31 EDTSBUXStarbucks consolidation of Japan stake makes sense, says UBS
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September 23, 2014
17:17 EDTSBUXStarbucks sees Starbucks Japan acquisition accretive to FY15 non-GAAP results
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17:06 EDTSBUXStarbucks to purchase remaining 60.5% share of Starbucks Japan for $913.5M
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06:28 EDTSBUXStarbucks developing stout beer-flavored latte, Reuters says
Starbucks is in the process of testing a new "dark barrel latte" throughout a few of its locations in Ohio in Florida, according to Reuters, citing comments from a company spokeswoman. The spokeswoman said that the coffee chain isn't releasing any data yet on when exactly the beverage will be available. Reference Link

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