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Stock Market & Financial Investment News

News Breaks
November 28, 2012
10:48 EDTTEA, SBUXTeavana down 1% after Glaucus reiterates Strong Sell rating
Short selling research firm Glaucus issued a second report on Teavana (TEA) this morning where the firm reiterated its Strong Sell rating on the stock. Glaucus Research explained in greater detail the independent laboratory tests it used to show that Teavana’s teas contain pesticides in amounts that exceed U.S. and EU regulatory limits. The firm argues Teavana deceived Starbucks (SBUX), the company's prospective acquirer. Teavana shares are down 1.2%, or 18c, to $14.70 in mid-morning trading. Reference Link
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August 15, 2014
06:39 EDTSBUXTim Hortons aims to lure customers via new coffee launch, Reuters says
Tim Hortons (THI) is looking to attract new customers and fight competitors, such as Starbucks (SBUX) and McDonald's (MCD), by revealing a new dark roast coffee blend throughout North America while possibly increasing prices to fend-off increasing expenses and rivals, according to Reuters, citing comments from Tim Hortons CEO Marc Caira. Caira said, "Looking at the coffee market, I would suggest that, given the degree of cost increases, that we are looking at prices going up sometime in 2015." Reference Link

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