Business

Starbucks new CEO Laxman Narasimhan takes his seat

Starbucks new CEO Laxman Narasimhan takes his seat 7

Starbucks officially has a new CEO. The Seattle coffee giant said Monday that Laxman Narasimhan has assumed the role of CEO and joined the company’s board of directors. Narasimhan succeeds longtime Starbucks leader Howard Schultz, who came out of retirement…

Sri Lankan state workers strike, protesting high taxes

Sri Lankan state workers strike, protesting high taxes 9

COLOMBO, Sri Lanka — Sri Lankan health, railway, port and other state workers were on a daylong strike Wednesday to protest against sharp increases in income taxes and electricity charges, as the island nation awaits approval of an International Monetary…

Spotify, Salesforce.com, Ford rise; Xylem falls

Spotify, Salesforce.com, Ford rise; Xylem falls 11

NEW YORK — Stocks that traded heavily or had substantial price changes Monday: Spotify Inc., up $2.03 to $99.94. The music streaming service is cutting 6% of its workforce, the latest tech company to retrench as the economic outlook worsens.…