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Starbucks warns it might miss profit estimate

Starbucks warns it might miss profit estimate

Starbucks Corp. does not expect to meet Wall Street's profit expectations in the current quarter, the coffee retailer's chief financial officer said Thursday. The announcement comes as Chief Executive Howard Schultz had earlier attempted to calm Wall Street's fears about the company's sliding profits.Read more »

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AT&T to cut 12,000 jobs, 4 percent of staff

AT&T to cut 12,000 jobs, 4 percent of staff

AT&T Inc. joined the recession's parade of layoffs Thursday by announcing plans to cut 12,000 jobs, about 4 percent of its work force. Read more »

Shoppers have reasons to act like grinches

Shoppers have reasons to act like grinches

If anyone needed more evidence of consumers' weary state and the nation's deteriorating job market, they got it Thursday with the latest batch of bleak economic data. Read more »


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