Bloomberg Japan unexpectedly cut its reading of third-quarter economic growth to an annualized 1.3 percent, from a preliminary estimate of 2.2 percent expansion. The revision was driven by drops in business spending and in private inventories. Meanwhile, the government’s projection for the overall size of the economy rose, thanks to changes in the way gross domestic product is calculated. ...

  Bloomberg Starbucks Corp. wants to persuade its coffee-loving customers to come back for lunch, after stumbling several times in previous attempts to expand its food offerings. The beverage chain is seeking to boost the food category to about 25 percent of total US sales, compared with 20 percent now, said Chief Operating Officer Kevin Johnson, who will take the ...

Bloomberg SunPower Corp. is following through with a planned restructuring effort that will reduce its workforce by 25 percent to cut costs after solar prices plunged in an oversupplied market. The second-biggest US panel-maker will cut 2,500 employees to reduce operating expenses next year to less than $350 million, San Jose, California-based company said in a statement. It’s closing a ...