Starbucks loses Pete Bocian to Hewlett Packard
Starbucks has confirmed that their Chief Financial Officer Pete Bocian is leaving the company to join personal computer maker Hewlett Packard.
Bocian would become the chief administrative officer of HP once he joins them next month.
Bocian had joined the coffee chain Starbucks in April 2007.
He was previously working at NCR [...]

Starbucks post losses for the first time since 1992
US based Starbucks has come out with their latest revenue report and the company has posted a loss for the first time since they went public.
The company said that they would now close down more stores than open in the next financial year.
This move was welcomed by [...]

Starbucks to cut around 12K jobs
Starbucks Corp has announced that they are planning to close down around 500 underperforming stores.
This would result in elimination of around 12,000 full and part-time positions.
Starbucks said that this restructuring process would result in them taking charges of more than $325 million.
Most of these stores would be closed by the [...]

Starbucks to expand in Europe with 150 new stores
Starbucks Corp is set to launch more stores in the European market for expansion.
Wall street journal reported that the company is planning to set up 150 new locations in the United Kingdom, France and Germany over the next three years.
These new stores would be established at airports [...]

AT&T offering free Wi-Fi access to Mobile Broadband Subscribers
US based telecom giant AT&T has announced that their Mobile Broadband Subscribers are now eligible to get free access to its Wi-Fi Home package of U.S. hotspots.
The members get access to as many as 17,000 hotspots in the USA. Most of these are located in McDonald’s and [...]

Starbucks removing 600 jobs as part of restructuring

Starbucks has revealed that they are now going to cut around 600 jobs from their operations as part of their restructuring exercise.
The company has already announced that they are going to focus on expanding internationally.
Starbucks also plan to close down loss making underperforming stores in the domestic market.
Company [...]

Bulgaria and Portugal Selected as New Territories for 2008 as the Region Lays Foundation for Continued Expansion
Starbucks (NASDAQ:SBUX) announced today it will increase its already strong presence in Europe by opening coffeehouses in Bulgaria and Portugal next year as part of its strategy to develop business clusters within Europe, the Middle East and Africa. [...]