NEW YORK Starbucks Corp.â€™s share price climbed on Friday as Wall Street welcomed news that Nelson Peltz and his related investment funds under Trian Partners had amassed a small stake in the ailing coffee giant. The activist investor also upped his stake in The Cheesecake Factory Inc. to about 4.8 percent of the casual-dining company's 67 million total shares outstanding, according to filings with federal regulators.Peltz and his affiliates said in a securities filing that the ...
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Contact: Desiree Torres Desiree.Torres@penton.com