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Starbucks Corp. has partnered with Cologne-based food retailer Rewe, expanding its presence in Germany, the company said Monday. Starbucks will open stores in Rewe supermarkets in cities across the country in 2016. Starbucks currently has 159 cafes in Germany while Rewe has more than 3,000 markets there. Starbucks stock is up 48.8% for the year so far. The S&P is down 1.4% for the same period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Starbucks Corp. has partnered with Cologne-based food retailer Rewe, expanding its presence in Germany, the company said Monday. Starbucks will open stores in Rewe supermarkets in cities across the country in 2016. Starbucks currently has 159 cafes in Germany while Rewe has more than 3,000 markets there. Starbucks stock is up 48.8% for the year so far. The S&P is down 1.4% for the same period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Shares of Plug Power Inc. rallied Monday after the hydrogen fuel cell maker said its third-quarter revenue topped $30 million and reiterated its 2015 revenue target. “Plug Power maintains its 2015 forecast of total sales in excess of $100 million, comprising sales of more than 3,300 GenDrive units and construction of more than 15 GenFuel hydrogen storage and dispensing infrastructures,” said the company in a statement. Analysts surveyed by FactSet expect the company to report third-quarter losses of 5 cents a share and revenue of $30.7 million when it announces quarterly results on Nov. 10. For 2015, analysts forecast Plug Power to post losses of 22 cents a share on revenue of $99.9 million. Plug Power rallied 7.8% to $2.49 a share. The stock is down 17% year to date.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Weight Watchers International Inc.’s stock rocketed 90% in active morning trade, putting it on course to have the biggest one-day percentage advance in its 14-year history, after Oprah Winfrey took a 10% stake in the weight management services company. Volume of about 32 million was more than 30 times the full-day average, according to FactSet. The stock, which has more than tripled over the last three months, is on course to close at the highest level since Feb. 26. The stock is still down 48% year to date, compared with a 1.4% decline in the S&P 500, as the company has struggled to add and retain subscribers.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Time Inc. has acquired the millennial lifestyle brand HelloGiggles, which was co-founded by actress Zooey Deschanel in 2011, the comapny said in a statement. HelloGiggles is an online community focused on mobile and social media with 17 million unique monthly users. Since the middle of this year, People magazine and HelloGiggles have partnered on advertising packages. Another HelloGiggles co-founder, Sophia Rivka Rossi, will continue in her role as chief executive, reporting to Rich Battista, executive vice president of Time. The company will remain in its Los Angeles headquarters and operate as a separate business. Time Inc. is down 23.1% for the year so far. The S&P is down 1.5% for the same period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

WASHINGTON (MarketWatch) — A measure of home-builder confidence in October rose to the highest level since the end of the housing boom. The National Association of Home Builders/Wells Fargo housing market index rose 3 points to 64, the highest level since the same month of 2005. Economists polled by MarketWatch had expected a reading of 62, on a scale where any reading above 50 is considered good. The index measuring sales expectations in the next six months rose seven points to 75, and the component gauging current sales conditions increased three points to 70. The index on buyer traffic held steady at 47, NAHB said.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Target Corp. has partnered with Massachusetts Institute of Technology’s Media Lab and international design firm Ideo to explore urban farming, food transparency, and supply chain and health issues, the retailer said in a blog post. This month, the retailer will launch a research project with MIT Media Lab’s Laboratory for Social Machines on brand communications, social media and supply chain issues. Over the next few months, Target will launch a website with Ideo to pinpoint food trends and analyze how food will be grown, sold and consumed over the next 15 years. Then in January, the two organizations will launch Food + Future coLAB, using MIT Media Lab research to tackle food-related challenges. Finally, Target and MIT’s Open Agriculture will collaborate to examine urban farming. In April, the retailer named Anne Dament the senior vice president of merchandising, leading the repositioning of Target’s food business.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Nike Inc.’s stock climbed 1% in morning trade Monday, enough to make it the biggest percentage gainer among Dow Jones Industrial Average components , after the athletic apparel maker was upgraded at BB&T Capital. Analyst Corinna Freedman raised her rating to buy from hold, and set a new stock price target of $148, which is 13% above current levels. Freedman said Nike’s recent sales projection of $50 billion for fiscal 2020 represents an acceleration in sales and earnings growth beyond current projections for next year. “Further we are optimistic about the company’s new strategic initiatives including expansion of the Jordan and Converse brands, introduction of innovation in conjunction with the upcoming Rio Olympics, supply chain initiatives as well as its strong pipeline of new product launches,” Freedman wrote in a note to clients. The stock has run up 17% over the past three months, while the Dow has lost 5.2%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

U.S. stocks opened lower on Monday as investors digested disappointing earnings results form Morgan Stanley and weak data from China. A drop in oil prices weighed on energy shares. The S&P 500 opened 7 points, or 0.4%, lower at 2,025. The Dow Jones Industrial Average fell 57 points, or 0.3%, to 17,164. The Nasdaq Composite began the day down 12 points, or 0.3%, at 4,875.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Urban Outfitters Inc. was downgraded to hold from buy at Wunderlich and its price target was lowered to $30 from $49. The firm expressed concern about the company’s ability to keep up with the competition in the teen retail space based on styles and pricing. Wunderlich also believes Urban Outfitters’ recent “team-building” event in which the company asked salaried employees to work a weekend at a new distribution center for free as an indication of issues at the center, which could lead to problems during the holiday season. And warm weather is hurting fall sales of sweaters and outwear at Anthropolgie and Free People. Urban Outfitters stock is down 16.6% for the past three months. The S&P is down 4.4% for the same period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News