Supply chains wait as unionized dockworkers and the shipping operators at the U.S. West Coast ports negotiate a new labor contract after the previous contract expired on Friday.
British snack chain Pret will adapt its menu to local tastes when it opens in Indian cities and airports under a partnership with retail giant Reliance to try to satisfy the nation's growing appetite for upmarket refreshment. As part of its broader plan to target the most affluent 50 million of India's 1.3 billion people, Reliance on Thursday announced a franchise deal with Pret. The partnership has the potential to make India one of Pret's biggest markets and to challenge incumbents Starbucks and Coca-Cola's Costa Coffee, as well as Tim Hortons of Canada, which said in March it will launch in India this year.
Starbucks (SBUX) closed at $76.39 in the latest trading session, marking a -0.05% move from the prior day.