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Arbitration proceeding brewing between Kraft, Starbucks
NORTHFIELD, Ill. — Kraft filed an arbitration proceeding against Starbucks on Monday after the java giant attempted to end an agreement with the company.
Kraft claimed that it boosted Starbucks' retail grocery coffee business since 1998, which has garnered approximately $500 million in annual revenues. Kraft also is demanding that Starbucks compensate the company for the fair market value of the business, plus a premium of up to 35% of that value.
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Dr Pepper Snapple Group announces Let's Play initiative
PLANO, Texas — A popular beverage maker is encouraging kids to be active by promoting fit and healthy lifestyles.
DPS' Let's Play community partnership includes a $15 million, three-year commitment to KaBOOM!, the national nonprofit that's ensuring there is a great place to play within walking distance of every child. Through Let's Play, DPS and KaBOOM! will build or fix up 2,000 playgrounds by the end of 2013, benefiting an estimated 5 million children across North America.