This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Starbucks to Add Stores in Europe: Hot Trends

NEW YORK ( TheStreet) -- Popular searches on the Internet include Starbucks (SBUX - Get Report) as the coffee chain plans to bring more locations to Europe.

Starbucks announced that it will be partnering with Norway's Umoe Restaurant Group to add Starbucks stores in Sweden and Norway next year. Though the number of stores to be added is still unclear, the companies will focus on adding Starbucks locations to airports and train stations.

The move is being made to boost sales in Europe, where the company has been struggling to improve. Starbucks has also been trying television advertising and new recipes as a way to draw European customers, who are dealing with the ongoing economic crisis.

The company currently has eight stores in the Nordic region. About 8.5% of its annual revenue comes from the European region.






Olympus is trending as Sony (SNE - Get Report) is set to acquire a stake in the company for 50 billion yen ($643.5 million).

The purchase will make Sony the biggest shareholder of Olympus, with an 11.46% stake. In a statement, the two companies said they will embark on a joint venture to develop and manufacture endoscopes and other medical devices. They will create a joint company by the end of the year and will also cooperate in digital cameras.

The deal comes in the wake of an accounting scandal that forced Olympus to restate several years of earnings.

Olympus has control of roughly 70% of the medical endoscope market. Sony entered the medical market last year when it acquired medical diagnostics company Micronics. The company has been turning its focus away from television manufacturing, where it has struggled as of late.






The U.S. Postal Service is another popular search. The USPS is set to default on a $5.6 billion payment to pre-fund employee retirement benefits on Sept. 30. That will mark the second time the USPS has defaulted on a payment in two months.

The payment is required by Congress, an order that has been stipulated since 2006. The USPS has been seeking legislation that would allow it reduce the $5 billion payment it must make to pre-fund retiree health benefits every year. It also seeking legislation that would enable it to axe mail delivery on Saturday.






The chatter on Main Street (a.k.a. Google, Yahoo! and other search sites) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on the Web, and highlights the news that could make stocks move.

-- Written by Brittany Umar.

Brittany joined TheStreet.com TV in November 2006 after completing a degree in Journalism and Media Studies at Rutgers College. Previously, Brittany interned at the local ABC affiliate in New York City WABC-TV 7 where she helped research and produce On Your Side, a popular consumer advocacy segment.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
SNE $30.92 -0.83%
SBUX $51.97 0.31%
AAPL $130.28 -1.14%
FB $79.19 -1.19%
GOOG $532.48 -1.40%

Markets

DOW 18,010.68 -115.44 -0.64%
S&P 500 2,107.39 -13.40 -0.63%
NASDAQ 5,070.0260 -27.95 -0.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs