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E Fund Management Adds Starbucks Shares as Starbucks Cuts Corporate Costs

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E Fund Management Co. Ltd. purchased about 44,245 Starbucks shares, raising other major holders’ stakes as Capital World and Geode added more shares. Starbucks is eliminating more than 200 corporate positions as part of an approximately $2 billion cost-reduction effort. The company reported Q2 EPS of $0.85 and revenue of $9.32 billion, with revenue down 1.4% year over year.

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