Daily Business News
Thursday, November 16, 2006
  Starbucks profit falls due to accounting changes (Reuters)

A woman drinks a cup of coffee at Starbucks Coffee in Tokyo October 25 2006. Starbucks Corp. the world's largest coffee shop chain posted a lower quarterly profit on Thursday due to new accounting requirements. (Yuriko Nakao/Reuters)Reuters - Starbucks Corp. the world's largest coffee shop chain said on Thursday that quarterly profit fell 5.2 percent weighed down by accounting changes and store costs and its shares fell nearly 6 percent.


 
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