Thursday, July 19, 2007

Starbucks shares up on PepsiCo partnership rumor

(Reuters) - "Starbucks stocks and options are up on unconfirmed talk that Pepsi is looking to expand its footprint through a possible partnership with the company," said Paul Foster, options strategist at Web information site theflyonthewall.com.




Starbucks spokesman Brandon Borrman said the Seattle-based coffee shop chain has a long-standing relationship with Pepsi, "but we aren't in the process of making any changes to the relationship."


Read more at Reuters.com Hot Stocks News

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