Morning business headlines: 11-13-13
Wednesday, November 13, 2013 11:10 AM
Starbucks to pay Kraft $2.75 billion, ending broken-deal dispute
The New York Times: Starbucks said on Tuesday that it would pay Kraft Foods $2.75 billion, ending a long-running spat over an agreement the two food titans had for distribution of Starbucks packaged coffee in grocery stores. The payment was ordered by an arbitrator. The arbitration centered on the way Starbucks broke off its long-term relationship with Kraft three years ago over Kraft's objections.
Obamacare web users invited by U.S. to try signup again
Bloomberg: About 275,000 people who tried and failed to sign up for Obamacare health plans are being asked by the U.S. government to return to the website as the software flaws that initially shut them out are being corrected. People are being contacted this week in a "series of e-mails in waves" to avoid too many getting on the website at the same time, Julie Bataille, a spokeswoman for the Centers for Medicare & Medicaid Services, told reporters. Additional people who weren't able to complete applications on the insurance exchange will be solicited later.
Stock futures retreat amid mixed Fed signals on stimulus
Reuters: U.S. stock index futures fell on Wednesday as uncertainty over how soon the Federal Reserve will begin to scale back its stimulus efforts curbed investors' appetite for risky assets. Investors will likely refrain from making big bets ahead of the Senate confirmation hearings on Thursday with Janet Yellen, who has been nominated by President Barack Obama to chair the Federal Reserve.
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