
ELISE AMENDOLA / Associated Press
Patrons sat inside a downtown Boston Starbucks yesterday. The chain will close 600 stores in the next year. |
Starbucks to close 600 U.S. stores
Most affected locations opened in past two years
By Jessica Mintz
ASSOCIATED PRESS
SEATTLE – For a decade it appeared there was no such thing as too many Starbucks stores for U.S. coffee drinkers, whose willingness to buy its $4 lattes and dark drip brews rationalized a second green-and-white mermaid awning just down the street – and sometimes even a third.
June swoon in sales stalls auto industry
Companies report lowest figures in more than a decade
By Bill Vlasic
NEW YORK TIMES NEWS SERVICE
DETROIT – Sales of new cars and trucks plunged to their lowest level in more than a decade in June, as high gas prices and a weak economy kept American consumers away from dealer showrooms.
Oil soars some more to a record $141 barrel
Tight supply, tensions in Middle East cited
ASSOCIATED PRESS AND NEW YORK TIMES NEWS SERVICE
NEW YORK – Oil closed at a record near $141 a barrel yesterday on worries about tight supply and mounting tensions in the Middle East. In the United States, prices at the gas pump edged to their highest point.
Millions stolen by hackers of ATMs
Citibank machines at 7-Eleven affected
By Jordan Robertson
ASSOCIATED PRESS
SAN JOSE – Hackers broke into Citibank's network of ATMs inside 7-Eleven stores and stole customers' PIN codes, according to recent court filings that revealed a disturbing security hole in the most sensitive part of a banking record.
West Coast dockworkers stay on job as deal ends
By Alex Veiga
ASSOCIATED PRESS
LOS ANGELES – Thousands of West Coast dockworkers kept working without a contract after negotiators failed to reach an agreement on a new labor pact yesterday. The workers agreed to stay on the job while negotiations continued, said Craig Merrilees, a spokesman for the International Longshore and Warehouse Union.
$2,110,100 wins lunch with Warren Buffett
ASSOCIATED PRESS
OMAHA, Neb. – A Chinese investment fund manager's bid for the chance to have lunch with billionaire Warren Buffett was the largest ever in a charity auction on eBay and surprised even Buffett.