China Growth Still Giving Starbucks Unlikely Jolt
Posted on April 27, 2012 at 14:57 PM EDT
A slowing economy in China has thrown a wrench into expansion plans of a slew of U.S. manufacturers and consumer products makers. But Starbucks (SBUX) and some purveyors of luxury items and status symbols still see runway for growth in the world's second-largest economy. Starbucks late Thursday disappointed investors with a meek 7% growth globally in its just completed second quarter at stores open more than a year. That sent shares of the world's
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