Starbucks Corp., the world's largest coffee-shop operator, is shifting its growth strategy to expand packaged beans, drinks such as bottled lattes and the Seattle's Best Coffee brand instead of adding new locations.
The company is adding bottled beverages in Europe, according to a statement. Last week, it announced its first packaged iced latte drink under the Seattle's Best brand. It also introduced Via instant coffee last year to boost sales in its consumer products group.
Toyota recalls millions of vehicles
Toyota is recalling 2.3 million U.S. vehicles to correct sticking accelerator pedals, the latest in a string of quality problems that have bedeviled the Japanese automaker.
It includes: the 2009-2010 RAV4, 2009-2010 Corolla, 2009-2010 Matrix, 2005-2010 Avalon, 2007-2010 Camry, 2010 Highlander, 2007-2010 Tundra and 2008-2010 Sequioia.
The recall comes just months after Toyota issued a larger 4.2 million-vehicle recall because of pedals getting stuck due to insecure floor mats.
Brewer's move ends beer blockade
The world's biggest brewer, Anheuser-Busch InBev SA, said Thursday it agreed to freeze planned job cuts in Belgium to get workers to drop a two-week brewery blockade causing beer shortages at supermarkets and bars.
The company and trade unions said they struck a deal that postpones plans to reduce 303 jobs in Belgium, or about 10 percent of its work force there. It said it will create 40 call center sales positions, bringing net job losses to 263.