Supreme Court rules for Starbucks in union case over terminated employees
Supreme Court on Thursday The lower court’s decision was overturned The court ordered Starbucks to reinstate seven Memphis employees who were fired during a unionization drive. The ruling makes it more difficult to immediately block lawsuits alleging unfair labor practices because they move through administrative procedures that sometimes take years. Justice Clarence Thomas wrote the […]
Supreme Court backs Starbucks over fired pro-union workers
The U.S. Supreme Court on Thursday ruled in favor of coffee chain Starbucks Co. in a challenge to a judicial order ordering the company to rehire seven Memphis employees who were fired for trying to unionize, a decision that could make it harder for courts to quickly halt labor practices that are challenged as unfair […]
Starbucks, Grubhub partner for coffee deliveries
Starbucks and Grubhub are partnering on a coffee delivery service in an effort to expand the coffee company’s business. Starbucks is launching a delivery service with Grubhub in Pennsylvania, Colorado and Illinois this month, with plans to expand to all 50 states by August. The company announced Thursday. Customers will be able to order and […]
Starbucks customers outraged over 40-minute waits for coffee
Starbucks customers are waiting up to 40 minutes for their coffee, and the chain claims that cuts have left baristas overworked and unable to handle the influx of orders through the chain’s mobile app, in stores and at drive-thrus. Job cuts and the opening of hundreds of new stores across the country have resulted in […]
Starbucks needs to refocus on coffee, former CEO Howard Schultz says
Former Starbucks CEO Howard Schultz urged his successors to get back to basics in the face of declining sales. Schulz mentioned in a LinkedIn post This means that leaders should spend their time in the store and focus on serving great coffee, rather than other business strategies. “Companies that have made major failures must reflect […]
Starbucks shares sink 12% after chain said it will underperform in 2024
Javanese giant Starbucks is starting to feel the pinch as inflation-battered caffeine addicts turn to lower-priced drinks like Bento Triple Soy Lattes. Starbucks CEO Laxman Narasimhan cited inflationary pressures faced by customers as a factor in the company’s lackluster quarterly results. “Many customers are becoming more demanding in this environment. Especially when it comes to […]
CVS, AMD, Super Micro, Amazon, Starbucks, Pfizer, Norwegian, Pinterest, DuPont, and More Movers – Barron's
Stocks traded mixed as Wall Street awaited the Federal Reserve’s interest rate decision on Wednesday. The central bank is widely expected to leave interest rates unchanged. CVS Health’s first-quarter adjusted earnings per share were $1.31, below analysts’ expectations of $1.69. The company also lowered its adjusted earnings forecast for this year to at least $7 […]
Stocks making the biggest moves premarket: Pfizer, CVS, Amazon, Starbucks and more – CNBC
Check out the companies that are trending in pre-market trading. Pfizer — Shares rose more than 2% after New York City-based Pfizer beat Wall Street’s first-quarter sales expectations and raised its full-year profit outlook. The company now expects adjusted earnings per share to be between $2.15 and $2.35 for the full year, up from its […]
NYC rule will slap sugar warning labels on food, drinks including Starbucks, Dunkin’ specialties
Oh, cute — “Nanny status” is back! Under new rules from the Adams administration, fast food chains and coffee shops in New York City will have to display warnings on menu boards and packaging. The city health department’s first-in-the-nation proclamation means that food and beverages with more than 50 grams of added sugar will now […]
Starbucks receives sympathetic Supreme Court reception in union case
Starbucks received a sympathetic reception Tuesday at the Supreme Court as it challenged a lower court ruling that reinstated seven employees amid a unionization drive. As the National Labor Relations Board (NLRB) processes complaints, judges are weighing how difficult it will be to block unfair labor practice claims, which could take years. Federal appeals courts […]