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The Latest Breaking News from Howard Schultz

Starbucks baristas say no to union at two of three Chicago stores

The union representing Starbucks workers faced unusual losses in Chicago union elections Tuesday with baristas at two out of three stores voting against unionization.

Chicago Tribune

7 fired Starbucks workers celebrate union vote in Memphis

Seven employees of a Tennessee Starbucks who were fired after starting unionization efforts have claimed victory after their Memphis store voted to join a wave of U.S. locations of the coffee chain that have decided to organize

The Independent UK

Unionized Starbucks stores face hard work of bargaining

It’s become a common sight: jubilant Starbucks workers celebrating after successful votes to unionize at dozens of U.S. stores

The Independent UK

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Revealed: Starbucks fired over 20 US union leaders in recent months

Workers at the coffee chain have filed petitions for union elections at more than 250 stores, but chief Howard Schultz publicly opposes the movement

The Guardian - US

Starbucks chief’s £118million superyacht with pool and helipad docked at UK harbour

The yacht was spotted in Falmouth harbour on Wednesday morning, before it moved to Pendennis Shipyard later in the afternoon

Daily Mirror

Starbucks Baristas Are Unionizing, and Even Howard Schultz Can’t Make Them Stop

The return of the company’s longtime CEO hasn’t slowed the workers, who are inspiring activists at Amazon and showing the extent of labor’s new power.

Businessweek

Why This Investor Just Doubled Down On Starbucks Stock

Starbucks Corp (NASDAQ: SBUX) shares are making new 52-week lows on Tuesday, and one investor with high conviction in the name just keeps on buying.

Benzinga

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Starbucks' caffeinated anti-union efforts may leave a bitter taste – but are they legal?

Good news greeted Starbucks workers on May 3, 2022, in the shape of a promise of new pay increases. But there was a catch: Employees at unionized stores – or those planning to unionize – shouldn’t expect to see a dime of this hike.

The Conversation

Starbucks faces sweeping government complaint for anti-union campaign

Wide-ranging document represents dozens of allegations of unfair labour practices

The Independent UK

Starbucks rebukes meeting between Biden and labor union members

In a letter sent to the White House, the coffee company asked for its own meeting.

Axios

'I'm Just Going To Continue To Add': Why This Investor Is So Bullish On Starbucks Following Earnings

Starbucks Corp (NASDAQ: SBUX) shares have been trending lower since the start of the year, but the stock is catching some bids Wednesday after the company reported strong earnings results.

Benzinga

4 Starbucks Analysts On Q2 Earnings: Brewing China Concerns, Strong US Demand And More

Starbucks shares were rallying Wednesday after the coffee chain reported a second-quarter sales beat. The quarter was helped by strong growth and momentum in the North American segment. The big headwind facing the company is the impact of the China region, which analysts highlighted after the print.

Benzinga

‘Pure propaganda’: inside Starbucks’ anti-union tactics

In a state where labor culture isn’t strong, a Denver store’s union drive is notable. As soon as it was announced, high-ranking company figures began visiting

The Guardian - US

Starbucks says employees getting new benefits, but not at stores that are unionizing

On an investor call, Starbucks interim CEO Howard Schultz said the company was investing $1 billion to raise wages, enhance benefits and modernize stores. But unionized stores won't get some of that.

WEKU

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Tribune News Service

Starbucks results trail estimates on higher costs, China woes

Starbucks Corp.’s U.S. operations beat expectations in the coffee chain’s latest quarter, giving interim Chief Executive Officer Howard Schultz a welcome development even as he contends with high inflation and Chinese Covid measures that hurt performance there.

Benzinga

Why Stephanie Link Is Watching Starbucks And This Stock Down Nearly 30% YTD

Hightower Advisors' Stephanie Link believes we are still in the midst of a bull market. Accordingly, she has identified a couple of stocks well off their highs that she would like to buy on any further weakness.

Los Angeles Times

Why Starbucks has become a huge unionization target — and why the company is in a panic

On April 7, Madison Hall, a barista and union organizer at the Starbucks store on Long Beach's bustling 2nd Street commercial strip, was invited to a session the next day to "meet with and co-create with upper-level management," Hall says.

Salon

Starbucks CEO's union-busting efforts

"Starbucks is getting desperate as it loses this war in battle after battle," said the union

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Benzinga

Starbucks Appoints Former McDonalds Executive To Drive Technology Changes: Reuters

Starbucks Corp (NASDAQ:SBUX) has appointed Deb Hall Lefevre as Chief Technology Officer, effective May 2, Reuters reported. Lefevre was previously with McDonald's Corp (NYSE:MCD), where he oversaw all aspects of technology for its roughly 14,000 U.S. restaurants. The report noted the move comes as the returning CEO Howard Schultz is mulling changes to the company's…

Asharq Al-Awsat

Starbucks Eyes Changes to Mobile App, Drive-Thrus, Taps Ex-McDonald’s Exec

Starbucks has hired a former McDonald's executive to oversee technology as returning CEO Howard Schultz explores changes to the coffee chain's drive-thru, mobile order-and-pay and other systems. Deb Hall Lefevre will become Starbuck's chief technology officer on May 2, according to a spokesperson.

The Independent UK

Staff at Starbucks flagship store vote to unionize in major victory for nationwide campaign

Workers win biggest election yet with victory in coffee giant’s hometown

The Guardian - US

Union drive at Manhattan roastery shows spirit of Starbucks workers

Since the first successful drive in Buffalo, 18 US locations have unionized – including at the chichi New York ‘reserve’

Benzinga

Starbucks Plans Better Benefits For Some Workers In Bid To Discourage Unionization

Starbucks Corporation (NYSE: SBUX) is going all out to ward off store workers from unionizing, according to a Wall Street Journal report from Wednesday. This comes

StockNews.com

Is Starbucks a Buy After Dropping 30% in 2022?

Shares of coffee chain operator Starbucks (SBUX) have plummeted in 2022. This was in part due to the founder, Howard Schultz, suspending the billion-dollar share repurchase program, after being appointed as interim CEO. However, with robust global demand, will the stock be able to regain momentum soon? Read more to…

Benzinga

Morning Brief: Top Stories Dominating Financial Media on Wednesday, April 6

CNBC Global Government Debt Expected To Swell To $71 Trillion In 2022

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