Starbucks

Business
6:22 pm
Tue September 6, 2011

Update: Starbucks CEO calls for lower corporate tax rate

During his much publicized "town hall" meeting called to criticize Washington D.C. partisanship, Starbucks CEO Howard Schultz also called for a lower corporate tax rate.
Associated Press

Starbucks CEO Howard Schultz is calling for a lower corporate tax rate. Schultz made his comments during a town hall meeting Tuesday night hosted by the anti-partisanship group “No Labels”

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Conversation with America
7:00 am
Mon September 5, 2011

Put down coffee, pick up phone says Starbucks CEO

Howard Schultz, shown in this 2009 photo, wants you to make some phone calls.
Associated Press

Starbucks CEO Howard Schultz has been in a letter writing mood lately and that’s earned him lots of supporters to his political cause.

A few weeks ago, Schultz asked fellow CEOs to join him in freezing campaign contributions to politicians until they end what he calls their “hyper-partisan” behavior. Now he wants to talk to the rest of America.

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Campaign Finance
11:03 am
Tue August 16, 2011

Starbucks CEO Howard Schultz calls for a boycott on campaign contributions

Kin Cheung AP

Starbucks CEO Howard Schultz wants some change in Washington D.C. and the best way to get it, he says, is by boycotting donations to political campaigns. In an open letter sent to Starbucks on Monday, he urged other company heads to withholding campaign contribution until President Obama and Congress solve the nation’s financial woes.  

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Law and Justice
11:42 am
Thu April 28, 2011

Starbucks need not "out" job applicants with pot busts

re-ality Flickr

Starbucks Corporation isn't required to disclose the names of potential plaintiffs in a lawsuit accusing it of illegally requiring job applicants to reveal past marijuana convictions.

That's what a California appeals court ruled this week. The Seattle-based coffee giant was accused in a 2005 lawsuit of violating a mid-1970s California law that bars employers from asking job seekers about minor marijuana convictions that are more than two years old.

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Coffee Culture
5:39 pm
Wed March 23, 2011

Stock price surges as Starbucks annual meeting presents another starstruck affair

Starbucks baristas who the company calls "partners" dole out coffee and memoires at the 2011 Annual Meeting, outside Benaroya Hall in Seattle.
Bellamy Pailthorp photo KPLU

Starbucks stocks have surged. That's thanks in part to the German financial company Deutsche Bank, which has resumed its coverage of the Seattle coffee giant and is saying investors should buy the stock. 

It's just one sign of confidence in the rebound of the company, as its executives outlined its latest growth strategies.

An annual love affair with coffee and other addictive treats

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Business
6:06 pm
Thu March 10, 2011

Starbucks teams up with Green Mountain Coffee

Single-serve coffee is in vogue.  Seattle-based Starbucks says that's the motivation behind a long-awaited deal with Vermont's Green Mountain Coffee, which the companies signed today.  It's part of Starbuck's strategy for continued growth in the US and Canada. 

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Coffee
8:30 am
Wed March 9, 2011

Starbucks unveils logo, celebrates 40 years

Starbucks baristas and employees at corporate headquarters celebrate new logo with CEO Howard Schultz on March 8, 2011.
Starbucks

In 40 years it went from a tiny store near Pike Place Market to a global brand, recognized around the world.  Starbucks is celebrating its  anniversary with a new, simplified logo that doesn’t have the word "Starbucks" or "coffee" on it. 

On Tuesday, a band played and hundreds of employees gathered and cheered as the logo was unveiled at Starbucks headquarters in Seattle.  CEO Howard Schultz told the crowd there were many doubters in the beginning who didn’t think Starbucks could ever go beyond the West Coast. "But they were wrong," he said.

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Business
2:01 pm
Thu February 10, 2011

Groupon's coffee buzz: Starbucks' CEO joins board, invests in site

Howard Schultz is joining the board of Groupon, the web 'coupon' site, as well as making a financial investment. The Starbucks CEO is pictured last March in Seattle at the company's annual shareholders meeting.
AP

Howard Schultz announced his investment in the enormously popular consumer-discount site Groupon Thursday. At the same time, Groupon confirmed the Starbucks CEO's election to its board

TechFlash's John Cook reports Schultz' investment "is not connected to Starbucks":

...but having the leader of the world's leading specialty coffee retailer on the board certainly will add some interesting possibilities. Starbucks has been expanding its digital footprint aggressively in recent months, adding features such as mobile payments and free in-store wi-fi.

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Coffee Business
6:36 pm
Wed January 26, 2011

Starbucks sales and earnings up again, shares down on outlook

Another strong financial report is boosting Starbuck's morale, but not its stock price.
Photo by Gary Davis KPLU

Starbucks has done it again. The coffee giant says its global revenues reached a record: $3 billion in the first quarter. Profits were up 44 percent compared to a year ago, thanks in part to the chain's growing popularity with coffee drinkers around the world.

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Business Technology
8:04 am
Wed January 19, 2011

No cash, no card, no problem with Starbucks smartphone app

Customers across the country will soon be able to use smartphones to buy coffee and snacks at Starbucks.
Starbucks

Technology-savvy consumers could soon be able to leave their wallets behind when picking up a cup of Joe at Starbucks.  

The Seattle retailer is expected to announce Wednesday that customers will be able to use smartphones to pay for goodies at 6,800 stores the company operates in the United States and 1,000 that are in Target stores, according to Claire Cain Miller of the New York Times. 

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Business
5:19 pm
Fri November 5, 2010

Starbucks earnings double

Starbucks reported strong 4th quarter earnings, a nod the company has overcome some rocky times.
Photo by Gary Davis/KPLU

Just two years ago, Starbucks was laying off staff and closing hundreds of US stores in its efforts to slash costs and restore the chain to profitability. Now it's reporting record earnings for the fourth quarter, with profits up 86% compared to a year ago.

Starbucks says its turnaround has ushered in a new phase of growth. Sales in the US and abroad increased by 8% during the quarter.

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