Starbucks buys Teavana
Starbucks Corp. (SBUX, quote) announced yesterday it has come to an agreement to purchase tea retailer Teavana Holdings Inc. (TEA, quote) a loose-leaf tea store for approximately $620 million. An all cash deal.
SBUX
Morning Coffee Break
Welcome to Wednesday’s Morning Coffee Break – Yesterday’s rally of triple digits on the Dow Jones Industrial and over 14 points in the S&P 500 has put U.S. markets back in the green for the month of October, just 8 session before Friday’s 25th anniversary of the 1987 stock crash.
Selling Starbucks Premium
Those that just register to view the advance Starbucks option trade.
Starbucks – Verismo Brewing Machine
As we mentioned in the Morning Coffee Break Starbucks (SBUX, quote) will start selling its new Verismo single serve brew machine. The Verismo will be sold online this week for $199 and will available in stores starting next month.
Morning Coffee Break
Welcome to today’s Morning Coffee Break – U.S. futures are under pressure today as traders become fearful once again of global growth outlook after China reported its 11th consecutive disappointing Purchasing Managers Survey (PMI) of 46.3 for the month of August.
Breaking News (Starbucks)
Starbuck (SBUX, quote) earned 40 cents per share on revenues of $3.2 Billion.