Starbucks CEO says dairy prices a bigger issue than coffee prices Starbucks CEO Howard Schultz said on CNBC that dairy prices are a bigger issue than coffee prices. He said the market has "overreacted" and "misread" the rise in the price of coffee's impact on the company. Schultz said Starbucks may have to raise its grocery prices but does not plan on raising prices at its stores.
EU says Starbucks tax deal in Netherlands may be illegal state aid, WSJ says The European Union said the tax deal struck by Starbucks (SBUX) in the Netherlands amounts to illegal state aid, reports the Wall Street Journal. European Commission regulators said it reached a preliminary view that the tax deal violated guidelines produced by the Organization for Economic Cooperation and Development. It said the tax deal "tolerates questionable adjustments which allow Starbucks Manufacturing BV to lower the resulting corporate income tax basis in the Netherlands." The EU is also investigating tax arrangements of Apple (AAPL) in Ireland and Amazon (AMZN) and Fiat S.p.A. (FIATY) in Luxembourg. Reference Link