On Monday, Shares of Starbucks Corporation (NASDAQ:SBUX), lost -4.73% to $50.34.
Starbucks (SBUX) has begun its radical transformation this week, accelerating the rollout of its Evenings concept store that will feature new menu offerings and, perhaps most significantly, alcohol. investopedia
The coffeehouse first sold wine and beer at a single store in 2010, but last December, it revealed at an investor conference its plans to ratchet up the number of stores that would serve alcohol, totalling as many as 25% of its 12,000 stores by 2019.
Starbucks recently told USA RECENTLY it was launching the plan in earnest last week. It starts with selling wine and craft beer at some two dozen of its restaurants in Denver, Miami, Orlando, and northern California, but the paper notes it has also filed applications to do so at several hundred stores nationwide. Starbucks is optimistic that by year-end, many of those will be serving alcohol as well. investopedia
Starbucks Corporation operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; Europe, Middle East, and Africa; China/Asia Pacific; and Channel Development.
Shares of Valero Energy Corporation (NYSE:VLO), declined -4.27% to $58.53, during its last trading session, as the Chinese economy and over production weigh on oil prices.
Chinese stock markets dropped nearly 9% leading to concerns over oil demand as prices fall due to an oversupply, Reuters reports.
Oil-producing countries do not plan on lowering production in order to maintain market share.
“We will be raising our oil production at any cost and we have no other alternative,” Iran’s Oil Minister Bijan Zanganeh said on Sunday, Reuters noted. “If Iran’s oil production hike is not done promptly, we will be losing our market share permanently.”
Valero Energy Corporation operates as an independent petroleum refining and marketing company in the United States, Canada, the Caribbean, the United Kingdom, and Ireland. It operates through two segments, Refining and Ethanol.
Finally, Telephone & Data Systems, Inc (NYSE:TDS), ended its last trade with -4.93% loss, and closed at $27.56.
The board of directors of Telephone and Data Systems, Inc. (TDS), a leading provider of telecommunications services, has declared a third quarter 2015 dividend of $0.141 per Common Share and Series A Common Share. Payment will be made on Sept. 30, 2015, to shareholders of record as of Sept. 16, 2015.
Telephone and Data Systems, Inc., a telecommunications company, provides wireless, wireline, cable, and hosted and managed services in the United States. The company offers cellular services, such as postpaid national plans and prepaid service plans with voice, messaging, and data usage options; and shared data plans that comprise unlimited voice minutes and text messaging; business rate plans. It also offers wireless devices comprising handsets, modems, mobile hotspots, home phone, and tablets; and accessories, such as carrying cases, hands-free devices, batteries, battery chargers, memory cards, and other products.
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