Editor Brian Harrod Provides Comprehensive up-to-date news coverage, with aggregated news from sources all over the world from the Roundup Newswires Network
Starbucks says it will hire 10,000 refugees over the next five years, a response to President Donald Trump's indefinite suspension of Syrian refugees and temporary travel bans that apply to six other Muslim-majority nations. Howard Schultz, the coffee retailer's chairman and CEO, said in a letter to employees Sunday that the hiring would apply to stores worldwide and the effort would start in the United States where the focus would be on hiring immigrants "who have served with U.S. troops as interpreters and support personnel."
That type of brand awareness helps explain why shares of both companies have whipped the market since the turn of the millennium. While Pepsi's tripling of the market over that time frame is nothing to take for granted, Starbucks' performance has been even more impressive, providing an almost 20-fold return from an early 2000 investment! But does that make the stock a better buy today? Not necessarily - the market is a forward-looking entity.
Middle-Market Woes Inspire Starbucks's Bet on Luxury Coffee - As core clientele loses spending power, chain readies push into realm of $12-a-cup java - About 25 years ago, Starbucks Corp. decided to become a public company on the bold idea that customers across the country would pay more than $1 for a cup of coffee.
Justin McCartney of Hampton, Va., holds up a cup with the words "Come Together" written on it outside a Starbucks cafe in Washington, Thursday, Dec. 27, 2012. Starbucks is using its coffee cups to jump into the political fray in Washington.
Schultz is one of the country's most politically outspoken chief executives, but until now he had not taken sides in the 2016 race between Democrat Clinton and Republican nominee Donald Trump. "Hopefully Hillary Clinton will be elected president," Schultz told Poppy Harlow in a Facebook Live interview ahead of the first-ever CNNMoney American Opportunity conference in New York.
Several tornadoes plowed through central Indiana on Wednesday, demolishing numerous homes and a Starbucks cafe in the town of Kokomo and cutting off power to thousands of Indianapolis-area residents, but no serious injuries were reported. Governor and Republican vice presidential nominee Mike Pence, who cut short a campaign trip for running mate Donald Trump and returned to Indiana, said eight funnel clouds were confirmed and three touched down during a "very tough day of weather."
U.S. Sen. Kelly Ayotte, R-N.H., visited the coffee shop to learn more about an initiative started by the Seattle-based beverage giant aimed at hiring military veterans and their spouses. ... Subscribe or log in to read more few early Friday afternoon customers of the Starbucks on Gusabel Avenue were greeted with the sight of a green-apron-wearing, smiling member of the U.S. Senate mixing frappaccinos behind the counter.