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Starbucks lowers 2009 forecast

China Daily | Updated: 2008-11-12 08:07

Starbucks lowers 2009 forecast

A cup of Starbucks cappuccino sits on a table at a cafe in London. Bloomberg News

Starbucks Corp cut its plans for new international coffee shops and effectively lowered its 2009 forecast after posting a steeper-than-expected decline in fourth-quarter profit.

Starbucks lowers 2009 forecast

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