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  • Starbucks: 'We are bakers too'

    Starbucks is getting into the bread business.

    The Seattle-based coffee chain announced plans Monday to buy San Francisco-based Bay Bread and its La Boulange bakery brand for $100 million.

    "This is an investment in our core business," said Howard Schultz, Starbucks chief executive, in a conference call with financial analysts. "After more than 40 years, we will be able to say that we are bakers too."

    Schultz said one-third of Starbucks transactions include MORE

    - Jun 4, 2012 5:21 PM ET
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#StupidStock Move of the Day! Yes, Urban Outfitters may be finally turnings things around. But $URBN up 17%? Seems a bit excessive, no?
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