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The Latest Breaking News from Starbucks Corp

Starbucks Offers $6 Million Stock Bonus To Execs — But Should You Buy Its Shares? Here's What Technical Analysis Shows

In order to accelerate its turnaround while managing costs, Starbucks Corp. (NASDAQ:SBUX) has offered stock grants worth $6 million to its executives. Meanwhile, the stock’s technical analysis paints a mixed picture for its momentum.

Benzinga

Supreme Court sides with Starbucks in labor case that could hinder government’s ability to intervene in some unionization disputes

The Supreme Court has ruled in favor of Starbucks in a case that could make it harder for a federal agency to enforce labor laws in disputes that can arise during organizing campaigns. On June 13, 2024, the court announced that eight of the nine justices had signed onto a…

The Conversation

Equity Isn't Venti for the Government

Tomorrow the Supreme Court will hear oral argument in Starbucks Corp. v. McKinney. Read more in this piece at ScotusBlog by Ronald Mann. The question concerns the standard for injunctions sought by the NLRB. Here is a note from the forthcoming edition of Ames, Chafee, and Re on Remedies, my…

Reason

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COP28 Is Here! These Are 3 ESG Companies to Bridge Investments With Environment Goals.

Looking to invest while making a positive impact on the environment? Here's 3 ESG companies to look at.

Barchart

Is Starbucks Too Dependent On China? 5 Analyst Takeaways On Mixed Q3 Print, Outlook

Shares of Starbucks Corp rose in early trading on Wednesday, after the company reported mixed fiscal third-quarter (Q3) results

Zenger

Beth Kowitt: It’s Schultz not Starbucks that seems to be lost

Former Starbucks Corp. CEO Howard Schultz kept his cool and stayed on message on Wednesday amid pointed questioning during a Senate committee hearing about the coffee giant’s alleged labor law violations. Even as Vermont Senator Bernie Sanders, who chairs the Senate Health, Education, Labor and Pensions Committee, described Starbucks as…

Tribune News Service

Starbucks faces new front in its labor disputes: White-collar workers

Dozens of white-collar Starbucks Corp. employees and managers have signed an open letter protesting the company’s return-to-office mandate and its alleged union-busting, opening a new front in the battle over the avowedly progressive coffee chain’s treatment of its staff.

Tribune News Service

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Starbucks refused union contract talks at 21 cafes, NLRB says

Starbucks Corp. has illegally refused to negotiate at 21 recently unionized cafes in Washington state and Oregon, US labor board prosecutors alleged in a complaint.

Tribune News Service

Starbucks baristas strike at 113 stores demanding talks

Starbucks Corp. baristas seeking union contracts with the coffee chain mounted daylong strikes Thursday at 113 cafes, saying management has refused to bargain in good faith.

Tribune News Service

Starbucks staffers plan 100-store strike, citing failure to bargain

Starbucks Corp. baristas seeking union contracts with the coffee chain plan to mount daylong strikes Thursday at more than 100 cafes, saying management has refused to bargain in good faith.

Tribune News Service

Starbucks ex-manager says he was told to punish pro-union employees

A former Starbucks Corp. store manager in New York said he was instructed to single out and discipline pro-union employees for unrelated reasons, such as wearing purple pants.

Tribune News Service

Starbucks Interim CEO Maps Out Rebound for Coffee Chain

Starbucks Corp. interim chief executive Howard Schultz outlined a wide-ranging revamp of the coffee chain on Tuesday, ranging from cafe upgrades to expanded employee benefits, which he said is necessary to put the company on track for a turnaround by 2024.

Bangkok Post

Starbucks Stock Shows Relative Strength To S&P 500: Here's What To Watch

Starbucks Corp. (NASDAQ: SBUX) shares spiked more than 3% on Wednesday in tandem with the S&P 500, which was trading up about 0.8%.

Benzinga

Workers at Ann Arbor Starbucks strike again following 'retaliation'

Workers at a Starbucks Corp. in Ann Arbor, Michigan, walked off the job again on Friday morning and plan to stay on strike through Sunday following what union organizers call retaliatory measures and a denial of union representation.

Tribune News Service

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Tribune News Service

Starbucks names Reckitt chief Laxman Narasimhan as next CEO

Starbucks Corp. tapped Laxman Narasimhan, chief executive officer of Reckitt Benckiser Group Plc, as its next CEO, choosing a consumer-industry veteran to chart a new path after the interim tenure of Howard Schultz.

Bangkok Post

Starbucks Rethinks Almost Everything, Including How to Make Frappuccinos

Behind a secure door at Starbucks Corp. headquarters lies a technology lab where the chain is plotting its renewal. That includes rethinking the onerous path its baristas must take to make a Frappuccino.

Tribune News Service

Starbucks must offer to rehire fired activists, judge rules

Starbucks Corp. has to offer reinstatement to seven fired pro-union employees in Memphis, Tennessee, and must not retaliate against employees who support union organizing, a federal judge ruled.

Reuters

Pro-Putin duo opens Stars Coffee as Russian successor to Starbucks

A restaurateur and rapper duo unveiled Stars Coffee on Thursday, reopening the chain of coffee shops in Russia formerly owned by Starbucks Corp, the latest major company rebranding after a months-long Western corporate exodus from the country.

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Tribune News Service

Starbucks says US labor officials aided union effort in elections

Starbucks Corp., facing a growing union push across its cafes, is appealing to the National Labor Relations Board, claiming that government employees interfered with and influenced election results in certain stores.

Tribune News Service

Starbucks likely to tap board director to fill top job as Schultz exit looms

Starbucks Corp.’s hunt for a new chief executive officer has no shortage of complications: The coffee giant’s crucial China business is sputtering and its US stores are grappling with unionization efforts, potential turnoffs for plum candidates. The company lacks natural internal successors after the departure last year of two C-suite…

Benzinga

Why This Starbucks Investor Continues To Buy Stock

Hightower Advisors' Stephanie Link said she would continue to add to her Starbucks Corp (NASDAQ: SBUX) position

Benzinga

Why Starbucks Shares Are Sliding

Starbucks Corp (NASDAQ: SBUX) shares are trading lower Thursday amid overall market weakness as stocks move lower following Wednesday's Fed rate hike announcement.

Benzinga

Starbucks Reopens China Stores: Bloomberg

Starbucks Corp (NASDAQ:SBUX) is reopening its stores in China after a resurgence in the COVID-19 cases prompted the closure of business activities in the country, Bloomberg reported. The coffeehouse chain has reopened 600 out of its 940 stores. The report added that the company plans to offer only online orders but will…

Benzinga

Starbucks Divests This Cold-Pressed Juice Brand - What's The Focus Now

Bolthouse Farms has signed a definitive agreement to acquire the Evolution Fresh brand and business from Starbucks Corp (NASDAQ:SBUX) for an undisclosed amount. Evolution Fresh is a producer of primarily organic, cold-pressed, premium juice products. Bolthouse Farms, a portfolio company of private equity firm Butterfly, aligns powerhouse juice brands to propel Evolution Fresh forward.…

Benzinga

Starbucks Closes Russia Business Permanently: WSJ

Starbucks Corp (NASDAQ:SBUX) is shutting down its business in Russia, the Wall Street Journal reported. The coffee giant has decided to permanently close operations in its 130 stores and would no longer have an operation in Russia. The company had suspended its licensee's Russian business on March 8. The report noted the company…

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