This week’s top movers: Bed Bath & Beyond, Lululemon, Nvidia, Snap

Yahoo Finance's Seana Smith discusses volatile stocks over the past week. Read More...

American City Business Journals

Starbucks names CEO to replace Howard Schultz

Starbucks Corp. (Nasdaq: SBUX) has chosen its replacement for interim CEO Howard Schultz, the company announced Thursday. Laxman Narasimhan, 55, CEO of the British conglomerate Reckitt Benckiser, is set to join the company in October and take the lead executive role in the spring, after getting up to speed. Previously, he has worked as PepsiCo Inc.’s global chief commercial officer and as a managing partner at global consulting firm McKinsey & Co. “We were looking for somebody that was a true servant leader that had a deep sense of humility,” Schultz told The New York Times.

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