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It was a big week for fans of coffee news, especially for Starbucks (Nasdaq: SBUX ) watchers.
First we had Redbox parent Coinstar (Nasdaq: CSTR ) announcing its entry into the java market. It will roll out 500 machines later this year that make coffee, vanilla lattes, mochas, and other bean-based drinks.
Starbucks also announced a $100 million acquisition of a bakery brand to help beef up the food offerings at its iconic coffee shops.
Then, just when you thought that Starbucks was done with making headlines, it revealed that it will begin selling K-Cup portion packs at its stores in the week ahead.
Green Mountain Coffee Roasters (Nasdaq: GMCR ) -- the company behind the Keurig and K-Cup movements -- also made some news. Green Mountain is in talks with pharmaceutical companies to develop brewed drinks packed with vitamins and wellness minerals.
Investors turned their backs on coffee stocks after seeing bean prices fall, but the industry's as caffeinated as ever it seems.
Briefly in the news
And now let's take a quick look at some of the other stories that shaped our week.
- Bloomberg reports that Ancestry.com (Nasdaq: ACOM ) may be trying to find a suitor. I wonder whether it may be related to the possible buyer. I'll have to hit up Ancestry.com to find out.
- Reports out of China reveal that Baidu (Nasdaq: BIDU ) is about to cash in on its wildly popular message-board hub by inserting ads. Marketing on forums will never be as lucrative as paid search, but it's all incremental.
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