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Analysts React To Starbucks' Brewing Q4 Success
Friday, November 2, 2018 - 10:54am | 723Starbucks Corp. (NASDAQ: SBUX) posted strong fourth-quarter results Thursday, reporting earnings per share of 62 cents per share, beating a 60-cent estimate. Starbucks also topped revenue estimates, raking in $6.3 billion against an expected $6.27 billion. The Analysts Bank of America Merrill...
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Coca-Cola Enters Hot Beverage Market With $5.1B Purchase Of British Chain Costa Coffee
Friday, August 31, 2018 - 11:23am | 559In an effort to further diversify from the soda industry, The Coca-Cola Co. (NYSE: KO) has announced new plans to keep up ina highly competitive market. Following the news of Starbucks Corp. (NASDAQ: SBUX)’s licensing deal with Nestle, as well as the merged Keurig Dr Pepper Inc. (NYSE:...
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Piper Jaffray Downgrades Starbucks On Comp Performance
Wednesday, August 22, 2018 - 1:13pm | 382Piper Jaffray analysts consider this move "in retrospect something we should have done previously." The valuation deliberately occurs at a time in which Starbucks Corp. (NASDAQ: SBUX) has demonstrated a suggested lack of comp performance. The Analyst Piper Jaffray analysts led by...
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Nestlé Deal To Accelerate Starbucks Buybacks, Expand Global Market
Monday, May 7, 2018 - 8:57am | 329Starbucks Corporation (NASDAQ: SBUX) announced Monday a “global coffee alliance” with Nestlé (OTC: NSRGY) to leverage the latter’s worldwide scale. Under the new partnership, Nestlé will sell Starbucks-packaged coffee and Teavana tea in regional markets and offer the...
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Wall Street's M&A Chatter From Nov. 20: Marvell Technology, Aetna, Bloomin' Brands, AT&T
Tuesday, November 21, 2017 - 1:53pm | 649The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday, Nov. 20, 2017: Marvell Technology to Acquire Cavium for $6B The Deal: Marvell Technology Group Ltd. (NASDAQ: MRVL) and Cavium, Inc. (NASDAQ: CAVM) announced an agreement Monday under which Marvell...
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What's Next For L'Oreal After The Death Of Billionaire Liliane Bettencourt?
Friday, September 22, 2017 - 1:20pm | 395Liliane Bettencourt, the world's richest woman and heiress to the conglomerate giant L'Oreal SA (ADR) (OTC: LRLCY), passed away Thursday at the age of 94. This raises the question of what will come next for the France-based L'Oreal; Bettencourt's family owns a 33 percent stake in L'Oreal while...
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9 Times Executives Were Poached
Saturday, September 3, 2016 - 10:49am | 537United Continental Holdings Inc (NYSE: UAL) has stepped in and snatched up former American Airlines Group Inc (NASDAQ: AAL) president Scott Kirby. Luring talent from the workforce of competitors is known as “poaching,” and it’s certainly nothing new on Wall Street, especially...
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IPO Outlook: Is The Market Hungry For Chicken Processor Wayne Farms?
Monday, June 22, 2015 - 2:02pm | 1371Wayne Farms Inc (NASDAQ: WNFM), the sixth largest producer and processor of broiler chickens, plans to raise over $300 million in its IPO this Thursday. The company is being spun off from parent Continental Grain. Wayne Farms expects to offer over 12.8 million shares between $18 and $21 per share...
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Fresenius SE, Permira Interested In Acquiring Danone's Medical Unit
Wednesday, November 19, 2014 - 4:13pm | 225German based health care group Fresenius SE and European buyout firm Permira have made a joint bid to acquire Danone's (OTC: DANOY) medical nutrition business for as much as 4.5 billion euro. The Wall Street Journal reported Wednesday afternoon that Danone will entertain other offers...
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#PreMarket Primer: Wednesday, July 2: Hopes For A United Iraq Fade
Wednesday, July 2, 2014 - 7:14am | 1070On Tuesday, the Iraqi government held its first session with its new parliament including representation from Sunnis and Kurds. However, both groups walked out of the meeting after the Shi’ite government did not announce Prime Minister Nouri al-Maliki’s replacement. Meanwhile,...
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Dow Flirts With 17,000, S&P 500 Inches Closer To 2,000 In First Trading Day Of The Third Quarter
Tuesday, July 1, 2014 - 4:48pm | 2089U.S. stocks were higher as the back-end of 2014 kicked off. The Dow came within less than two points of reaching the 17,000 mark as investors and traders found plenty of positives in a better-than-expected June auto sales and an expansion in U.S. manufacturing. The S&P 500 also traded at...
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Keurig, Nestle To Partner On First 2-In-1 K-Cup
Tuesday, July 1, 2014 - 9:20am | 199Shares of Keurig Green Mountain (NASDAQ: GMCR) are trending higher Tuesday after the company announced a partnership with Nestle. Nestle and Keurig will be creating the first ever 2-in-1 K-Cups featuring Coffee-mate’s ground coffee and creamer. According to Nestle, 27 percent of Keurig-...
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Feast Your Eyes - 7 Restaurant Chains To Watch In 2014
Thursday, January 9, 2014 - 1:43pm | 86Resturants are hard work, for owners, managers and staff. And they can be a risky business, with a failure rate of about 60 percent within the first three years. But there are also eating establishments whose popularity have turned them into major companies and household names, both in the U.S...
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Chocolate Crisis: Cocoa Demand Will Be Unsustainable By 2020
Thursday, October 10, 2013 - 1:23pm | 429Last week, the industry experts on cocoa gathered in London and came to a conclusion that the growing demand for cocoa will be unsustainable by 2020. Independent statements by chocolate giants such as Hershey (NYSE: HSY) and Mars also agree that by 2020, the “situation will be unsustainable.”...
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Aircastle, Kinder Morgan And Others Insiders Have Been Buying
Friday, August 16, 2013 - 1:53pm | 835Insiders may sell shares for any number of reasons, but conventional wisdom says that insiders really only buy shares of a company for one reason -- they believe the stock price will rise and they want to profit from it. Pullbacks and sell-offs provide a perfect opportunity for investors who have...