Reuters Starbucks shares tumble on fears of slowing US growthReuters(Reuters) – Starbucks Corp's (SBUX.O) shares were on track for their worst one-day decline in five years on Friday as the coffee chain's latest quarterly report triggered concerns of a slowdown in sales in the United States, its biggest market. While …Starbucks: Decaffeinated EarningsSeeking AlphaStarbucks shares […]
Washington Post Foxconn deals requires Wisconsin to act soon on tax breaksWashington PostMILWAUKEE — A Rust Belt state that built a manufacturing legacy through assembly-line jobs will have to quickly transition to a more highly skilled workforce now that Foxconn has selected Wisconsin as the site of its coveted U.S. electronics plant …Wisconsin's Lavish Lure […]
New York Daily News Amazon Plows Ahead With High Sales and Spending; Profit PlungesNew York Times(Reuters) – Amazon.com Inc on Thursday reported a jump in retail sales along with a profit slump, as its rapid, costly expansion into new shopping categories and countries showed no sign of slowing. The world's largest online retailer posted second […]
Reuters Wells Fargo to refund $80 million to customers hit by car loan insuranceReutersFILE PHOTO – A man walks by a bank machine at the Wells Fargo & Co. bank in downtown Denver, Colorado, U.S. on April 13, 2016.Rick Wilking/File Photo. (Reuters) – Wells Fargo and Co said it would reimburse about $80 million to […]
Recode Meg Whitman says she will not be Uber CEO (again)RecodeMeg Whitman will not be CEO of Uber, she said more definitely tonight via, you guessed it, Twitter. Earlier this week, the Hewlett Packard Enterprise CEO released a statement that said she was committed to staying there. But the noise around Whitman …Meg Whitman Says […]
MarketWatch Intel earnings have message for AMD and Nvidia: 'Bring it on'MarketWatchFor all the talk about Intel Corp. facing an onslaught of new competition, the chip giant just answered back with record financial results that carried a message: “Bring it on.” Intel INTC, +0.63% Chief Executive Brian Krzanich delivered that message …Intel Earnings Beat Street, […]
New York Times SpaceX Is Now One of the World's Most Valuable Privately Held CompaniesNew York TimesA SpaceX Falcon 9 rocket lifted off from Kennedy Space Center in Cape Canaveral, Fla., on July 5. Credit Craig Bailey/Florida Today, via Associated Press. SAN FRANCISCO — SpaceX, the rocket maker founded by billionaire Elon Musk, has raised […]
Forbes Starbucks Shutters All 379 Teavana StoresForbesToday's announcement that Starbucks would close its Teavana outlets (379 stores, 3,300 employees) marks the second time this year that the Mermaid has announced a course correction. Back in February, Starbucks finally gave up on its five-year-old …Starbucks to own 100% of its China stores after buyout dealBBC NewsStarbucks puts […]
NPR Prime Spot On The Billionaire List: Jeff Bezos Was (Briefly) World's Richest ManNPRAmazon founder and CEO Jeff Bezos became an even richer man on Thursday morning, when a sudden surge in Amazon stock made him $1.5 billion overnight. His fortune grew to over $90 billion. For several hours, Bezos was the richest person on […]
Washington Post Speaker Ryan admits defeat, giving up on border adjustment taxWashington PostHouse Speaker Paul D. Ryan (R-Wis.) has agreed to jettison one of the most controversial aspects of his tax overhaul plan, clearing the way for the White House to move forward on its plans for sweeping tax cuts later this year. After months […]