Starbucks Stock Surges as PPI Data Comes In
Stocks on the New York Stock Exchange rose on Wednesday after the release of the latest producer price index (PPI) report. The benchmark S&P 500 rose more than 1%, putting it on track to its largest four-day gain of the year. The tech-heavy Nasdaq...
Starbucks Shares Jump After Activist Investor Starboard Takes Stake in the Company
Starbucks’ stock jumped by 3.33% in after-hours trading on Friday after reports that activist investor Starboard Value has taken a stake in the company.
The size of Starboard’s stake and hedge fund’s future plans still remain under wraps. However, investors took its involvement in Starbucks...
Ex-Starbucks CEO Howard Schultz Opposes Settlement With Activist Investor Elliott
Former Starbucks CEO Howard Schultz believes that the coffeehouse chain should not make a settlement with activist investor Elliott Management.
Elliott built up a sizeable stake in Starbucks recently and has been pushing the company to improve its underperforming stock, including demands for board representation....
Activist Investor Elliott Builds a Sizeable Stake in Starbucks, Discusses Ways to Boost Its Stock
Activist investor Elliott Management has built a sizeable stake in coffeehouse chain Starbucks and is currently having private discussions with the company’s management about improving its underperforming stock, according to a report by The Wall Street Journal.
Reportedly, the discussions between the two sides, described...
Starbucks Founder Howard Schultz Steps Down as Company’s CEO
Big changes are coming at the world-famous coffee-house chain Starbucks. The company announced on Monday that founder Howard Schultz officially stepped down as the company’s CEO, with former Reckitt executive Laxman Narasimhan taking over the position. Schultz will keep his seat on Starbucks’ Board...