Starbucks slashes jobs and stores

Coffeeshop giant Starbucks has announced it will cut around 6,700 jobs and shut 300 stores as it reported a 69% plunge in quarterly profit. Starbucks has struggled as hard-up consumers forego expensive lattes and frappucinos as the recession bites. It said it made a net profit of $64.3m in the 13 weeks to December 28,…

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Checking the unions

“Card-check” would make it easier for unions to organize, but critics say it is undemocratic. John Almaier, a dealer and supervisor at Bally’s in Atlantic City, and his colleagues thought they were following procedure when they voted in June 2007 to join the United Auto Workers union. They contacted the UAW to represent them. The…

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Obama Gets Into Your Coffee

Barack Obama is into coffee… literally. Krispy Kreme in Britain cashed in on the inaugural fervor by offering coffee with the likeness of our President in the coffee foam. Check out this clever franchise promotion:

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Wendy’s cuts back on breakfast to test new products

Wendy’s/Arby’s Group Inc. said Tuesday that turnaround plans for Wendy’s include the delay of a systemwide breakfast introduction until 2011, as the chain retools its offerings with product tests in just three markets. Speaking at the seventh annual Cowen & Co. consumer investment conference in New York, company chief executive Roland Smith said Wendy’s missed…

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Free McCafé Beverages at Select McDonald’s in Maine and NH

Jan. 16, 23, 31 and Feb. 7, from 7AM to 7PM, a small hot McCafé or Newman’s Own Organics Coffee is on the house for McDonald’s customers. Participating McDonald’s restaurants throughout Maine and eastern New Hampshire will be offering customers the opportunity to try a free small hot McCafé beverage on Jan. 16, 23, and…

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At McDonald’s, the Happiest Meal Is Hot Profits

As of November, the latest data available, the company had delivered 55 consecutive months of increases in global same-store sales. During a year when the stock market lost a third of its value – its worst performance since the Great Depression – shares of McDonald’s gained nearly 6 percent, making the company one of only…

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Consumers Skip Starbucks for Plain Ol’ Joe

Survey: Americans Are Cutting Back on Fancy Coffee Because of the Economy Emily Bryson York reports in AdAge that americans appear to be cutting back on their Starbucks. After reporters in several different cities noticed much shorter lines at their coffee outlets, Ad Age decided to commission Lightspeed Research to find out whether either New…

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Starbucks may cut 1,000 more jobs: report

LOS ANGELES (Reuters) – Coffee chain Starbucks Corp could cut another 1,000 jobs in the coming weeks, according to a report in the Seattle Times on Saturday. The latest cuts could include employees at its Seattle headquarters, district managers and field employees but not the so-called baristas, who serve customers, said the report, which cited…

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Domino’s Doesn’t Back Down in Sandwich Skirmish

CEO Tosses Subway Cease-and-Desist Letter in Pizza Oven in Ad on ‘American Idol’ CHICAGO (AdAge.com) — The desire to burn harshly worded letters is nothing new, but Domino’s decided to do it on national TV on Wednesday in prime time during Fox’s “American Idol.” The pizza chain, which is fighting to gain a foothold in…

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In Lean Times, McDonald’s Only Gets Fatter

Sean Gregory writes at Time.com:  Let’s face it — there are lots of reasons to hate McDonald’s: calories, cholesterol and, competition, for me at least, that queasy feeling after munching on McNuggets. Then there’s always that kid at the drive-through who forgets the ketchup. Well, add one more reason to spite Ronald: as the global…

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