Starbucks' Q1 lags forecasts, shares steady (Reuters)

[riky]

Starbucks' Q1 lags forecasts, shares steady
    (Reuters)

 

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.


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