On Tuesday, Shares of Starbucks Corporation (NASDAQ:SBUX), gained 0.47% to $51.42.
Starbucks Coffee Company (SBUX), declared that it has reached a letter of intent with leading music streaming service, Spotify®, to establish a multi-year relationship that will link its 7,000 company-operated stores in the U.S. and 10 Million My Starbucks Rewards® loyalty members with Spotify’s more than 60 Million global users to offer a first-of-its-kind music ecosystem. This interconnectivity will allow Starbucks MSR members unique access to Starbucks music on Spotify, the ability to influence in-store playlists in addition to opportunities for Starbucks MSR members to earn “Stars as Currency.”
Starbucks Corporation operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; Europe, Middle East, and Africa; China/Asia Pacific; and Channel Development. The company’s stores offer coffee and tea beverages, packaged roasted whole bean and ground coffees, single serve products, and juices and bottled water.
Shares of Yum! Brands, Inc. (NYSE:YUM), inclined 0.77% to $94.31, during its last trading session.
Yum! Brands, Inc. (YUM), declared the Company will present at the Bernstein Thirty-First Annual Planned Decisions Conference on Wednesday, May 27, 2015 in New York, NY at about 10:00 a.m. ET.
The event will be webcast live and can be accessed through the investor relations section of the Yum! Brands website at http://www.yum.com/investors. The webcast will be archived and accessible online for a 30-day period following the presentation.
YUM! Brands, Inc., together with its auxiliaries, operates quick service restaurants. It operates in five segments: YUM China, YUM India, the KFC Division, the Pizza Hut Division, and the Taco Bell Division.
At the end of Tuesday’s trade, Shares of Prudential Financial Inc (NYSE:PRU), lost -0.17% to $86.28.
Prudential Investments® has launched the Prudential Global Tactical Allocation Fund (PTALX), a fund that offers the potential for long-term risk-adjusted total return through targeted long and short exposures to diverse sources of return across global equities, global bonds, commodities, and currencies markets. Prudential Investments is the mutual fund business of Prudential Financial, Inc. (PRU).
The fund targets volatility of about 10% over a full market cycle, which is about two-thirds of the volatility of the S&P 500 Index over the past 15 years. The fund is designed to appeal to investors interested in an alternative strategy that may enhance their portfolio’s diversification. Investing in a dynamically managed portfolio with the ability to take long and short positions within and across asset classes may result in more stable returns across various market conditions. The fund actively invests in both traditional equity and bonds, in addition to alternative asset classes counting commodities and currencies—that offer broader investment opportunities and the potential for better risk-adjusted returns than more conventional asset allocation strategies.
Prudential Financial, Inc. provides insurance, investment administration, and other financial products and services to individual and institutional customers in the United States and internationally.
Finally, Atwood Oceanics, Inc. (NYSE:ATW), ended its last trade with -2.29% loss, and closed at $31.63, after Goldman Sachs downgraded the Houston-based company to “neutral” from “buy” and lowered the price target to $27 from $34.
Analysts cited a shift in their portfolio leverage further towards U.S. onshore.
They added that the company also faces noteworthy re-contracting risk in 2017, which is becoming hard to ignore.
Atwood Oceanics, Inc., an offshore drilling contractor, engages in the drilling and completion of exploratory and developmental oil and gas wells worldwide. As of November 10, 2014, it owned a fleet of 13 mobile offshore drilling units, in addition to 3 ultra-deepwater drill ships under construction. The company was founded in 1968 and is headquartered in Houston, Texas.
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