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AlShaya Starbucks franchise stake sale talks on hold, sources say

AlShaya Starbucks franchise stake sale talks on hold, sources say By Hadeel Al Sayegh and Amy-Jo Crowley DUBAI/LONDON, Sept 19 (Reuters) - The sale of a stake in the Middle East, North Africa and central Asia Starbucks SBUX.O franchise operated by Kuwait's AlShaya Group is on hold, two people with knowledge of the process said. Boycotts and geopolitical unrest in the region continue to impact the franchise, hindering bidders' ability to value the business, and AlShaya is not in a rush to sell, o
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In Starbucks case, US judges 'flummoxed' over NLRB's enforcement powers

In Starbucks case, US judges 'flummoxed' over NLRB's enforcement powers By Daniel Wiessner Sept 18 (Reuters) - A panel of U.S. appeals court judges on Wednesday seemed to struggle to pinpoint the outer limits of the National Labor Relations Board's powers to remedy illegal labor practices, grappling with the issue in a case involving Starbucks. A three-judge 3rd U.S.
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U.S. STOCKS United States Steel, Ambac Financial, Apple

BUZZ-U.S. STOCKS ON THE MOVE-United States Steel, Ambac Financial, Apple Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street's main indexes slipped in volatile trading on Wednesday ahead of the Federal Reserve's highly anticipated first interest rate cut in more than four years, with jitters over the magnitude of the reduction dominating mood.
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BofA raises Starbucks PT on licensing potential in China

BUZZ-BofA raises Starbucks PT on licensing potential in China ** Brokerage BofA raises PT on coffee chain Starbucks SBUX.O to $118 from $112 ** BofA says China business turning more volatile with less profitability and sluggish sales growth ** Believes new CEO Brian Niccol could be more receptive to licensing stores in China given his experience in Yum Brands' highly franchised model and Chipotle's more selective licensing approach ** PT hike reflects our greater confidence in SBUX execution - B
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Trump's media stock falls before insider trading restrictions lift

UPDATE 1-Trump's media stock falls before insider trading restrictions lift Adds file photo available, no other changes By Noel Randewich Sept 17 (Reuters) - Shares of Donald Trump's media company fell for a second session on Tuesday ahead of the end of restrictions on share sales by the former U.S. president and other insiders. Trump Media & Technology Group, which is 57% owned by the Republican presidential candidate, fell 3.6%, bringing its loss this week to 7%.
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Trump's media stock falls before insider trading restrictions lift

Trump's media stock falls before insider trading restrictions lift By Noel Randewich Sept 17 (Reuters) - Shares of Donald Trump's media company fell for a second session on Tuesday ahead of the end of restrictions on share sales by the former U.S. president and other insiders. Trump Media & Technology Group, which is 57% owned by the Republican presidential candidate, fell 3.6%, bringing its loss this week to 7%.
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Wall Street Journal - Sept 17

PRESS DIGEST - Wall Street Journal - Sept 17 Sept 17 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Boeing BA.N said it would freeze hiring and delay pay hikes for its salaried workforce as the jet maker struggles with the financial fallout from a strike launched Friday by its largest union.
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Starbucks North America head retires after five months in the role

Starbucks North America head retires after five months in the role Sept 16 (Reuters) - Starbucks SBUX.O said on Monday that its North America CEO, Michael Conway, had decided to retire after about 11 years at the coffee chain. The move comes amid newly-appointed Chief Executive Officer Brian Niccol's turnaround plan focusing on Starbucks' operations in the U.S.
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Starbucks Says On Sept 12, Michael Conway, Chief Executive Officer, North America Informed Intention To Retire Effective November 30

BRIEF-Starbucks Says On Sept 12, Michael Conway, Chief Executive Officer, North America Informed Intention To Retire Effective November 30 Sept 16 (Reuters) - Starbucks Corp SBUX.O : STARBUCKS - ON SEPT 12, MICHAEL CONWAY, CHIEF EXECUTIVE OFFICER, NORTH AMERICA INFORMED INTENTION TO RETIRE EFFECTIVE NOVEMBER 30 Source text for Eikon: [ID:n000082922
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Trump says he is not selling his shares of media company

UPDATE 5-Trump says he is not selling his shares of media company Adds detail and comments from Trump about trading halts By Alexandra Ulmer RANCHO PALOS VERDES, California, Sept 13 (Reuters) - Republican presidential candidate Donald Trump said on Friday he will not sell his shares in the company that owns his Truth Social platform when limits on selling are lifted in the coming days, driving up the stock after a recent selloff.
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Coffee prices soar as weather woes cloud global production outlook

SOFTS-Coffee prices soar as weather woes cloud global production outlook Updates prices By Marcelo Teixeira NEW YORK, Sept 13 (Reuters) - Coffee prices hit multiyear highs on Friday at the Intercontinental Exchange, reacting to a worrisome outlook for global production due to unfavorable weather conditions, experts and market players said. Robusta LRCc2 coffee, the type widely used to make instant coffee and ready-to-drink coffee beverages, rose to the highest price since the contract started tr
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Starbucks rises as investors cheer new CEO Niccol's plans for coffee chain

BUZZ-Starbucks rises as investors cheer new CEO Niccol's plans for coffee chain ** Shares in Starbucks SBUX.O gain 4.2% to $97.34 in afternoon trading ** On Tuesday, CEO Brian Niccol laid out his plans for the coffee chain in an open letter after his first day at the helm ** Focus initially on improving service and coffeehouse culture at stores in the United States - Niccol ** Will spend time in stores, meeting suppliers and partners to improve SBUX's supply chain, app and mobile ordering platfo
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Nasdaq top and bottom performing stocks at about 12:01 p.m. EDT

BUZZ - Nasdaq top and bottom performing stocks at about 12:01 p.m. EDT Nasdaq 100 .NDX Top Performers Percent Change Arm Holdings PLC ARM.OQ +4.4% ASML Holding NV ASML.OQ +3.1% Super Micro Computer Inc SMCI.OQ +3.0% NVIDIA Corp NVDA.OQ +2.9% Starbucks Corp SBUX.OQ +2.1% Bottom Performers Percent Change Palo Alto Networks Inc PANW.OQ -3.3% IDEXX Laboratories Inc IDXX.OQ -3.0% Warner Bros Discovery Inc WBD.OQ -3.0% Old Dominion Freight Line Inc ODFL.OQ -2.9% Verisk Analytics Inc VRSK.OQ -2.6% The
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Trump Media shares rally ahead of debate clash

Trump Media shares rally ahead of debate clash By Noel Randewich Sept 10 (Reuters) - Shares of Trump Media & Technology Group DJT.O , majority-owned by former U.S. President Donald Trump, surged for a second day on Tuesday ahead of a debate between the Republican presidential candidate and Vice President Kamala Harris. The stock jumped over 4% and lifted the value of Trump's stake in the company to $2.2 billion days before he and other insiders will be allowed to sell their shares for the first
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Starbucks new CEO Niccol to improve coffee culture at US stores

UPDATE 2-Starbucks new CEO Niccol to improve coffee culture at US stores Adds background, details form the letter By Juveria Tabassum Sept 10 (Reuters) - Starbucks' SBUX.O new CEO Brian Niccol said he would focus on reinvigorating coffeehouse culture at the chain's stores in the U.S. as he takes the helm in the midst of patchy demand for its pricey lattes.
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Starbucks new CEO Niccol to focus on US in first 100 days

Starbucks new CEO Niccol to focus on US in first 100 days Sept 10 (Reuters) - Starbucks SBUX.O new CEO Brian Niccol laid out his plan for the first 100 days on Tuesday, saying he would focus on enhancing customer experience at its stores in the U.S. Niccol took over from Laxman Narasimhan on Sept. 9 at a time when the coffee chain is tackling weak demand in the U.S.
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Why does Apple have to pay Ireland $14.4 billion?

EXPLAINER-Why does Apple have to pay Ireland $14.4 billion? By Martin Coulter LONDON, Sept 10 (Reuters) - Apple lost a long-running court battle with the European Union on Tuesday, resulting in the company being forced to pay 13 billion euros ($14.4 billion) in back taxes to Ireland, as part of a wider crackdown on so-called "sweetheart deals". WHAT HAPPENED?
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Retail, consumer CEOs see shorter tenures as boards act more quickly

FOCUS-Retail, consumer CEOs see shorter tenures as boards act more quickly By Svea Herbst-Bayliss and Richa Naidu NEW YORK/LONDON, Sept 10 (Reuters) - When two of the most powerful brands in retail and packaged foods last month ousted their CEOs, it signaled corporate boards are more ready to toss top executives before activist investors tell them to act.
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Trump Media shares rebound after poll shows tight race for White House

Trump Media shares rebound after poll shows tight race for White House By Noel Randewich Sept 9 (Reuters) - Shares of Trump Media & Technology Group DJT.O , majority-owned by former U.S. President Donald Trump, jumped nearly 5% on Monday after a poll showed the Republican candidate is in a tight race against Vice President Kamala Harris for the White House.
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US judge rejects auto parts maker's challenge to NLRB structure

US judge rejects auto parts maker's challenge to NLRB structure By Daniel Wiessner Sept 9 (Reuters) - A federal judge in Detroit on Monday said an auto parts manufacturer is likely to lose its lawsuit challenging the structure of the National Labor Relations Board and refused to block the board's administrative case against the company from moving forward.
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