tea

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.

Coffee Still Reigns as U.S. Java King

Despite the specialty-coffee craze for lattes, cappuccinos and other blended and frozen drinks, most consumers still get their caffeine fix from a regular cup of coffee, according to a new survey by Technomic.

When Will Coke Sell Its Bottlers? CEO Kent Explains

Coca-Cola's strong earnings drew only a tepid response from investors. One reason could be the company's go-slow approach to unloading global bottling operations that it has painstakingly rebuilt. But Muhtar Kent says he's not going to rush any sales.