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...Starbucks's stock, which has fallen more than 50% in the past two years, rallied in early-morning trading. Investors liked the announcement, which replaced an earlier, less-aggressive plan to shutter just 100 shops. "The first step is admitting you have a problem," John Glass, an analyst at Morgan Stanley, wrote in a research note. He estimated that closing the 600 stores could boost U.S. operating margins by at least 1 percentage point...

Author: /time Magazine | Title: Starbucks Goes From Venti to Grande | 7/2/2008 | See Source »

...Nonetheless, the coffee company has a long haul ahead. Resizing its footprint to better fall in line with demand is a step in the right direction, but hardly a cure-all. Morgan Stanley's Glass points to "deteriorating underlying trends," such as the slowing economy and stepped-up coffee competition from the likes of Dunkin Donuts and McDonald's. Steven Kron, an analyst at Goldman Sachs, pointed out in a research note that while short-term investors may be enthusiastic about store closings, long-term investors still need to know more about how broader business trends play...

Author: /time Magazine | Title: Starbucks Goes From Venti to Grande | 7/2/2008 | See Source »

...story based on Mark Millar's 2003 miniseries for Top Cow comics, and adapted for the screen by Derek Haas, Michael Brandt and Chris Morgan, the white-collar drudge is Wesley Gibson (Scots actor James McAvoy), whose life is a conspiracy of indignities. In a job where he's badgered by his fat-cow boss, he reads a dense computer page and his brain isolates the words "why? "are? "you? "here?". His girlfriend is having sex with his best friend, and Wesley pays for the condoms his friend will use to betray him. Even his ATM sasses him. "Insufficient funds...

Author: /time Magazine | Title: Holy Jolie! Wanted Delivers | 6/27/2008 | See Source »

...Wesley has been recruited into the Fraternity, which its leader Sloan (Morgan Freeman, in another of his God roles) explains is a thousand-year-old sect of killers whose sacred mission is to end the lives of evil people before they can commit their worst crimes: "You kill one, maybe save a thousand." (It's a little like the Pre-Crime Unit in Minority Report.) The team includes a specialist in gun lore (Common) and a fat man (Konstantin Khabensky) who's sharp with knives. But Fox is the star, and in poor, confused Wesley, Sloan believes...

Author: /time Magazine | Title: Holy Jolie! Wanted Delivers | 6/27/2008 | See Source »

Under the watchful eye of the regime's security services, Zimbabweans Friday voted in a single-candidate presidential "runoff" that will almost certainly extend Robert Mugabe's rule until 2014. Despite reports of a low turnout, the decision by opposition leader Morgan Tsvangirai to withdraw last Sunday makes Mugabe's victory inevitable. In Zimbabwe, presidential terms last six years, so by the time he faces reelection again, Mugabe will be 90 and will have ruled his country for 34 years. Nevertheless, expectations are that after six more years of hyper-inflation, mass unemployment and brutal repression, the President will...

Author: /time Magazine | Title: The Lesson of Zimbabwe's 'Election' | 6/27/2008 | See Source »

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