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Shares of Starbucks (NASDAQ:SBUX) fall 2.2% premarket after J.M. Smucker (NYSE:SJM) announces a...

Aug. 16, 2011 8:47 AM ETStarbucks Corporation (SBUX) StockSBUX, SJM, JOBy: Clark Schultz, SA News Editor
Shares of Starbucks (NASDAQ:SBUX) fall 2.2% premarket after J.M. Smucker (NYSE:SJM) announces a 6% price cut on most of its coffee brands in what could be the opening salvo of a price war. Coffee futures have fallen lower since May after an extended run-up.

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