Reuters: Starbucks' Q1 lags forecasts, shares steady

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Starbucks' Q1 lags forecasts, shares steady
      

LOS ANGELES (Reuters) - Starbucks Corp's  quarterly profit lagged expectations after sales at established stores fell 9 percent globally, as the company said it will close 300 more outlets and slash nearly 7,000 jobs to try to save $500 million in fiscal 2009.<div class="feedflare">
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