Word: noted
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...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...
...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 out. He has made no change to 12-month price target. Starbucks still has a lot more work to do to prove that it's righting...
...Iranian officials present during Mottaki's remarks stressed that the foreign minister was trying to strike a positive note, while not backing off from any of his government's long-held positions. For years Iran has suggested it was ready for compromise, only to adopt hard-line positions as it moved ahead on a nuclear program that could give it the means to build atomic weapons. But in New York City, Mottaki seemed to encourage rapprochement, urging more "people to people" exchanges between the U.S. and Iran and saying "proposals for direct flights as well as an interest section...
...Certainly, Turkey gave Germany a lot to think about going into Sunday's match. The Turks launched themselves against Germany from the opening whistle - take note, Spain - and Kazim Kazim's smash off the crossbar in the 7th minute served notice that even this makeshift team was going to be a handful. The Turks abused the German outside backs all night, often getting into deep positions behind them. Lahm got taken to the cleaners on Turkey's first goal, when Sabri Sarioglu went around him in a drive that ended with a rebound shot from Ugur Boral. His awkward, sweeping...
...Obama assumed the role of front-runner, the press this week began to take note, in some cases disapprovingly, of the presumptive Democratic nominee's efforts to shuffle to the political center. As any Republican will tell you, the National Journal ranked Obama the most liberal member of the Senate. And in the primaries Obama took routinely liberal positions on all the major issues of the day. But in tone as well as in substance, Obama has started making the traditional general election move to the middle. His first television spot of the general election was biographical, focusing...