Friday's big economic gauge, June's employment report, will be out before the market opens. The company formerly known as Woolworth, Venator is being accused of firing workers for being too old. The company blamed its expected shortfall on flat sales of specialty drinks such as frappuccinos and unforeseen expenses of its Internet operations. Analysts had expected SBUX to pull in 60 cents a share this quarter. Now it's looking at 54 cents a share.
Trouble is that a slowing topline scared investors.
After some turbulence, the IPO market returned to its old feverish self as exemplified by four offerings. Primus sells and develops customer support software, a hot e-commerce play. Time Inc. New Media.