Starbucks Plans to Double Rate of Store Openings

The world’s largest coffee retailer said it plans to open 500 new locations – the highest planned store-opening rate since the 2008 fiscal year. And in the next two years, China will be Starbucks’ biggest growth market.
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Novartis Halts Lung Cancer Drug Study

Novartis will discontinue studies of an experimental lung-cancer cancer drug because of disappointing trial results.
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Novartis Halts Lung Can…

Cisco Systems Plunges on Outlook Fears

Shares of networking equipment maker Cisco Systems plunged more than 16% Thursday as the company’s forecast and comments from CEO John Chambers spooked investors.
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Macy’s Earnings Swing to Profit, Top Expectations

Department store operator Macy’s reported a third-quarter profit, with earnings topping Wall Street expectations due in part to a move toward tailored local offerings and the return of upscale customers to its Bloomingdale’s st…