Starbucks also said its Chief Executive Howard Schultz will be paid just $10,000 in base salary for fiscal 2009, including health insurance and other benefits. His salary was $1.2 million in 2008. Schultz still could take home more compensation in the form of stock options. In the last fiscal year, ...

Starbucks also said its Chief Executive Howard Schultz will be paid just $10,000 in base salary for fiscal 2009, including health insurance and other benefits. His salary was $1.2 million in 2008. Schultz still could take home more compensation in the form of stock options. In the last fiscal year, ...

Wall Street had largely expected Starbucks to report dismal performance for the quarter, which ended Dec. 28, because it had warned last month that slow sales likely would cause it to miss analysts' estimates. Heeding the company's warning, analysts lowered their average expectation from 22 cents pe...

NEW YORK ?C Starbucks Corp. said nearly 7,000 employees may lose their jobs due to a new round of store closures and cost cuts as it reported Wednesday that its profit dropped 69 percent in its fiscal first quarter. The company plans to close 300 underperforming stores around the world by the end of...

NEW YORK ?C Starbucks Corp. said nearly 7,000 employees may lose their jobs due to a new round of store closures and cost cuts as it reported Wednesday that its profit dropped 69 percent in its fiscal first quarter. The company plans to close 300 underperforming stores around the world by the end of...

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