Starbucks Corp (SBUX.OQ)
22 Jun 2018
PANGALENGAN, Indonesia/NEW YORK, June 22 For decades, Indonesia has supplied coffee roasters worldwide with prized beans that give a distinctive taste to brews favored by connoisseurs. Most locals, however, preferred tea.
Starbucks Corp has reported a sudden slowdown in China growth just weeks after trumpeting rapid expansion in the country, citing a drop-off in unapproved third-party delivery services whose bulk orders had been clogging up its cafes. | Video
* Drop in third-party delivery services which place bulk orders
June 20 The Nasdaq hit a record on Wednesday as Facebook, Amazon, Netflix and Alphabet touched all-time highs, while the Dow Jones Industrial Average struggled to shrug off concerns over a rapid escalation in the U.S.-China trade spat.
June 20 A jump in technology and media stocks lifted the S&P 500 on Wednesday and pushed the Nasdaq to a record high, but the Dow remained under pressure from an escalation in the U.S.-China trade spat that has slammed global markets.
* Dow down 0.05 pct, S&P up 0.39 pct, Nasdaq gains 0.98 pct (Updates to early afternoon)
* Indexes up: Dow 0.24 pct, S&P 0.32 pct, Nasdaq 0.65 pct (Updates to open)
Starbucks Corp forecast on Tuesday slower sales growth than Wall Street expected this quarter and plans to close about 150 U.S. cafes next fiscal year to boost performance, sending its shares down 2 percent after hours.
June 19 Starbucks Corp forecast on Tuesday slower sales growth than Wall Street expected this quarter and plans to close about 150 U.S. cafes next fiscal year to boost performance, sending its shares down 2 percent after hours.
June 19 Starbucks Corp on Tuesday forecast global comparable store sales for the current quarter below Wall Street's estimates and said it anticipates lower net new store growth in the U.S. for fiscal 2019.
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