A gallon of regular gas climbed to $3.503 on Sunday -- nearly 38 cents higher than a month ago and up 15 cents in a week, renewing talk of a double-dip recession.
Since 1998, Starbucks has contracted with Kraft Foods to distribute its bagged coffee through grocery stores. In letters released to The Wall Street Journal and Reuters, Kraft fired yet another salvo in its bid to hold together this deal, which Starbucks now wants to undo.
Starbucks wants to end its distribution relationship with Kraft Foods, but Kraft says the relationship is "perpetual."
Calling all investors: You'll want to pay close attention in the days ahead. The mid-term elections, FOMC meeting, retail sales figures, an update on the labor market and more earnings from Toyota, Starbucks and more could set the stage for quite an interesting week on Wall Street.
A new television advertisement is suggesting that McDonald's food is so bad for people's health that it can lead to premature death. The ad, paid for by the Physicians Committee for Responsible Medicine, will begin to air in the Washington, D.C., area this week.
Starbucks posted on-target earnings, with same-store sales growing 9% from a year ago, thanks to 6% more traffic and a 3% increase in the average bill.
There's a lot to be said for reliable dividend paying stocks in any market and if they can offer a smidgen of safety in uncertain equity waters, well, so much the better. In this video, Dan Burrows and Nikhil Hutheesing give their "thumbs-up, thumbs-down" views on Starbucks, Intel and Del Monte.
No, Seattle-based Starbucks won't be adopting a comprehensive recycling plan -- only 11% of shareholders voted for that. The global coffee shop chain, which has been spending much of its marketing money on promoting its "Shared Planet" initiatives lately, believes it's doing enough.
Starbucks reported higher-than-expected earnings of $217.3 million, or 28 cents a share, on revenue of $2.13 billion for its fiscal second quarter of 2010, after luring more customers to its coffee shops even while raising the price of coffee drinks in January.