Briefs: Starbucks CEO out, stores may close
SEATTLE -- Starbucks Corp. said Monday it is returning its chairman, Howard Schultz, to the chief executive's job to lead a major restructuring initiative, replacing CEO Jim Donald. The company also has plans to open new U.S. stores at a slower pace, close U.S. stores that aren't performing well, introduce new products and store designs and improve training for baristas. The company said it plans to take some of the capital originally intended for U.S. store growth and use it to accelerate international expansion.
Motorola to buy online music store
SCHAUMBURG -- Motorola announced it has agreed to buy privately held Soundbuzz Pte Ltd., a digital music provider in Southeast Asia. It sells full tracks and ringtones directly to buyers and via white label services for wireless service providers. Soundbuzz sells more than 200,000 online music downloads and 3 million mobile downloads every month, its Web site says. Separately, Motorola also announced it has signed a contract valued at $150 million with Etihad Etisalat (Mobily) to further expand the operator's wireless coverage in Saudi Arabia.
Analyst: Aon can grow market share
CHICAGO -- Aon Corp., the world's second-biggest insurance broker based in Chicago, will probably win market share as larger rival Marsh & McLennan Cos. reshuffles its management team, an analyst at Stifel, Nicolaus & Co. said Monday. "This period represents an excellent short-term opportunity for Aon as Marsh struggles to reassert itself," analyst Meyer Shields said in a research note. Shields rates shares of Aon a "buy."
Krispy Kreme CEO is resigning
CHARLOTTE, N.C. --Krispy Kreme Doughnuts Inc., based in Winston-Salem, N.C., announced Monday Chief Executive Daryl Brewster has resigned and will be replaced with the company's chairman, James H. Morgan. Brewster left for personal reasons and will stay with Krispy Kreme until the end of January, the company said.