Starbucks' Growth Slows and Stock Drops

The employs over 5,000 people at its headquarters in Seattle.by Katie Herzog Joe Raedle/Getty Images
After reporting worse-then-projected quarterly and yearly sales on Thursday, Starbucks, the Seattle company best known for killing Christmas every year, announced plans to unload its Tazo tea brand to Unilever for $384 million.Sales at American Starbucks cafés increased just 2 percent for the quarter, which is half the rate as the same period last year and less than the 3.2 percent growth