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Kraft Kerfuffle Costs Starbucks $2.7B

Settlement ends packaged-coffee battle

(Newser) - Starbucks has to cough up an eye-popping $2.76 billion to settle a dispute with Kraft over coffee distribution, an arbitrator has decided. The two companies had been locked in a fight for three years after Starbucks fired Kraft as its distributor of packaged coffee to grocery chains, complaining that... More »

Kraft Spins Off Snacks in Crummy New Name

'Mondelez' will be on back of Oreos, other snack foods

(Newser) - Kraft is spinning off its snack business from its grocery business, and it seemingly couldn't have come up with a stranger new name for the snacks portion: Mondelez. That's pronounced "mohn-dah-LEEZ," Bloomberg reports, and experts are scratching their heads over the awkward choice. It's a... More »

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