Starbucks, facing growing competition for workers in the US, plans to raise employee compensation by up to 15% later this year.

Oprah Winfrey is creating her own tea line for Starbucks.

Coffee chain Starbucks has said guns are no longer “welcome” in its US cafes, although it has stopped short of an outright ban.

Starbucks Corp plans to slash nearly 7,000 more jobs during a new round of store closures and other cuts, the company said as it reported that its profit dropped by more than two thirds in its fiscal first quarter.

Wall Street displayed some welcome signs of stability today, pushing the Dow Jones industrial average up nearly 190 points in a relatively calm session despite some gloomy economic news.

STARBUCKS, which has ambitious plans for the Irish market, has replaced its chief executive Jim Donald with its group founder and chairman Howard Schultz and said it would slow an aggressive US expansion.

Troubled Starbucks has sacked its chief executive, handing the reins back to chairman Howard Schultz in a major restructuring initiative to pull the company out of a downward slide.

Starbucks said tonight it was bringing its chairman and former chief executive, Howard Schultz, back to lead a major restructuring initiative, replacing Jim Donald.

STARBUCKS Corporation has more than 10,000 retail locations in North America, Latin America, Europe, the Middle East and the Pacific Rim.

US coffee retail giant Starbucks has raised its growth expectations for the fiscal year 2004 to between 25% and 30%, after reporting 53% rise in net profits of $79m (€66.57m) during Q2.