Starbucks CEO: Little Financial Impact From Japan Disaster

The CEO of Starbucks (SBUX) announced that the scale of the coffee chain will help it withstand the financial impact of the Japan natural disaster, which has forced the company to shut more than 10 percent of its locations there. The company has 17,000 locations in more than 50 countries, and profits doubled during its last fiscal year, which ended October 3, and surpassed $940 million.