It was a big week for fans of coffee news, especially for Starbucks
First we had Redbox parent Coinstar
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
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
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. (Nasdaq: ACOM)
- Reports out of China reveal that Baidu
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. (Nasdaq: BIDU)
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The Motley Fool owns shares of Starbucks, Baidu, and Ancestry.com. Motley Fool newsletter services have recommended buying shares of Ancestry.com, Baidu, Starbucks, and Green Mountain Coffee Roasters, writing covered calls on Starbucks, and creating a lurking gator position in Green Mountain Coffee Roasters. The Motley Fool has a disclosure policy. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.
Longtime Fool contributor Rick Munarriz calls them as he sees them. He owns shares of Green Mountain and is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early.