Texas Instruments job cuts

Wall Street Watch: It's Tea Time for Starbucks

Starbucks announced on Wednesday that it will pay $620 million to acquire Teavana, the upscale mall chain that sells dozens of varieties of loose teas and artisanal tea-making equipment. They do also sell brewed tea beverages, but that's only sliver of its business. For Starbucks, this is a retail play, pure and simple.