Bye Russia: $SBUX $GE $KO $PEP $SBUX…

DETROIT — McDonald’s, Starbucks, Coca-Cola, PepsiCo and General Electric — ubiquitous global brands and symbols of U.S. corporate might — all announced Tuesday they were temporarily suspending their business in Russia in response to the country’s invasion of Ukraine.

“Our values mean we cannot ignore the needless human suffering unfolding in Ukraine,” McDonald’s MCD, -0.69% President and CEO Chris Kempczinski said in an open letter to employees.

The Chicago-based burger giant said it will temporarily close 850 stores but continue paying its 62,000 employees in Russia “who have poured their heart and soul into our McDonald’s brand.”

167) #StandWithUkraine #DefeatPutin #BoycottRussia $MCD $SBUX $KO $PEP $GE

Goodbye, Russian People. I hope you folks find a way to rise up and give Putin a Russian Spring!

Wow! $SBUX news here I haven’t seen elsewhere:…

Last Friday, Starbucks SBUX, -0.54% had said that it was donating profits from its 130 Russian stores — owned and operated by Kuwait-based franchisee Alshaya Group — to humanitarian relief efforts in Ukraine. But on Tuesday, the company changed course and said it would temporarily close those stores. Alshaya Group will continue to pay Starbucks’ 2,000 Russian employees, Starbucks President and CEO Kevin Johnson said in an open letter to employees.