July 31, 2008
Starbucks posts first loss, backs ‘09 profit target (Reuters)
anchorman wrote this mid-morning:
Reuters - Starbucks Corp posted its
first quarterly loss as a public company on Wednesday and said
its U.S. coffee chain would shrink in the year ahead, but
investors stunned by months of uncertainty sent shares up 4
percent as it stuck by its profit target for 2009.
Filed under: World News