SEATTLE (dpa-AFX) - After seeing initial weakness, shares of Starbucks (SBUX) have regained some ground but remain in negative territory in afternoon trading on Friday. Starbucks is currently down by 1.9 percent, pulling back off yesterday's seven-month closing high.
Starbucks initially came under pressure after the coffee giant announced Howard Schultz is stepping down as Chief Executive Officer and will be succeed by President and Chief Operating Officer Kevin Johnson. Schultz will be appointed Executive Chairman.
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