Daily business briefing: Starbucks ordered to pay Kraft billions over failed partnership

November 13, 2013 

Starbucks has been ordered to pay nearly $2.8 billion to Kraft Foods, the St. Louis Business Journal reports. The ruling ends a three-year fight between the companies over a failed partnership Kraft had entered with Starbucks in 1998 to distribute and market the Starbucks brand coffee in grocery stores. Read more at http://www.bizjournals.com.stlouis. ...


Netflix will begin a new service Wednesday that will look the same on its applications for mobile devices and its website, as well as on TVs that rely on Apple TV and a variety of other gadgets that stream Internet video. To learn more, go to http://www.bnd.com/business. ...


Macy's stock surged more than 7 percent in premarket trading Wednesday and its quarterly profit beat Wall Street expectations. The Cincinnati-based department store chain cites stepped up advertising for stronger sales. For more information, go to http://www.bnd.com/business.


Stock futures are falling as retailers begin to post quarterly earnings. Dow Jones industrial futures are down 62 points to 15,648. S&P futures are off 5 points to 1,760.10. Nasdaq futures are down 14 points to 3,350.50. Find out more at http://www.bnd.com/business.

-- Will Buss, BND business writer

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