Top Consumer Shares:
Consumer shares were higher ahead of the opening bell Friday.
In consumer stocks news, shares of Starbucks ( SBUX ) were 1.4% higher at $59.19 pre-market Friday after the coffee chain announced it will raise the average wages for U.K. workers to just under GBP 8 pounds ($12.18) an hour starting in November and provide them with interest-free loans for housing or rent deposits.
Shares in the company have traded between $35.39 and $59.32 over the past 52 weeks.
Payment solutions company Paypal ( PYPL ) is recommending that its shareholders reject the mini tender offer from TRC Capital to buy 3 million shares in the firm at $32.80 apiece, being 4.6% below the closing price of Paypal on September 9.
Shares in the company were 3.0% higher at $34.91 pre-bell. Over the past 52 weeks, the company has traded between $30 and $42.55.
And, Staples ( SPLS ) Friday issued a response to news that the European Commission will embark on a Phase II review of Staples' Office Depot ( ODP ) acquisition, which if consummated would be a merger of office-product retailing giants.
The company's shares remained unchanged at $12.69 pre-bell. Over the past 52 weeks, the company has traded between $11.39 and $19.40.
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