While everyone (including
) waits for the Friday morning jobs report, there's some other news to munch on.
had some jolting after-hours news for investors and coffee-drinkers alike. In a press conference after the company's annual meeting, Chief Executive Howard Schultz said he is optimistic Starbucks can meet the
earnings forecast of 70 cents per share for the fiscal year ending Sept. 30. That's an increase of 49%, year-over-year.
Schultz declined to say whether Starbucks will raise its prices, but said the company will announce a strategy soon, according to
, apparently bridling at a rival takeover bid for
Great Western Financial
, said it will seek legal action to force that company to weigh each offer equally. While Ahmanson is planning a hostile takeover of Great Western,
has come forth with a friendly offer.
has announced a plan to swap some assets in Oklahoma and Texas with a unit of
, according to
. The company says the deal would make it the largest crude-oil producer in Oklahoma.
By Kevin Petrie