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  • A Tirade by a Starbucks Barista Over the Unicorn Frappuccino Reminds Everyone of One Big Challenge
    Business
    The Street1 hour ago

    A Tirade by a Starbucks Barista Over the Unicorn Frappuccino Reminds Everyone of One Big Challenge

    While Starbucks (SBUX) basks in the glory of creating an Instagram sensation in the unicorn frappuccino, leave it to one barista to remind everyone about the coffee king's biggest challenge.  "I need to rant just a little bit," Starbucks barista Braden Burson said in a video posted on Twitter (which has seen been deleted) before going off on a tirade against the new pink and blue swirled sweet treat. "I have never been so stressed out in my entire life, it has been insane. If you love us as baristas, don't order the drink it's so difficult to make -- people were coming in left and right, drive-thru or in the front -- we don't know what type of frappuccinos go where, we just hand them out." In

  • Sears Just Reminded Everyone It's On Life Support and May Never Get Off
    Business
    The Street23 hours ago

    Sears Just Reminded Everyone It's On Life Support and May Never Get Off

    If Sears Holdings Corp. (SHLD) had one foot in the grave coming into the year, then it has just dipped the second foot into a six foot hole. The dying retailer said in a new filing on Friday that same-store sales since the start of the year crashed 11.9% between its two banners. Excluding one-time gains related to the sale of the Craftsman tool business and certain real estate, Sears lost between $190 million to $230 million. That is worse than a year ago when it lost $181 million. Sears also announced the departure of CFO Jason Hollar, who had only been on the job for about six months. The company hinted strongly it will move to shutter more stores beyond the round of 150 closures it just completed.

  • GE's 'on track' to cut manufacturing costs by $1 billion, Immelt says
    Business
    The Street23 hours ago

    GE's 'on track' to cut manufacturing costs by $1 billion, Immelt says

    General Electric (GE)  is on track to cut fixed costs by $1 billion in 2017, one of the targets set in talks with activist Nelson Peltz's Trian Fund Management, and CEO Jeffrey Immelt expects the reductions to pick up speed later in the year. The Boston-based conglomerate reduced expenses by about $375 million in the three months through March before boosting spending in its digital manufacturing business and raising wages by about $80 million, executives said on an earnings call. That left a net reduction of about $76 million. "The goals for industrial operating profit and structural cost-out are in sight," Immelt said on the call. Operating earnings from manufacturing businesses including power,