Starbucks (SBUX +0.9%) shares open higher on news the coffee company will announce a "new...

|About: Starbucks Corporation (SBUX)|By:, SA News Editor

Starbucks (SBUX +0.9%) shares open higher on news the coffee company will announce a "new strategic initiative" in the premium single cup category. CEO Howard Schultz will host a webcast today at 5 p.m. EST. GMCR -5.4% on potential competitive concerns.