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• Triarc Companies has come to an agreement to acquire Wendy's for $2.34 billion in stock.

• The New York Times reports this morning that as Starbucks struggles to get back to its coffee brewing roots, the company has reorganized its entertainment division.

"As part of the changes, Starbucks said Ken Lombard, president of the entertainment unit since 2004, had departed," the Times writes. "Chris Bruzzo, the chief technology officer, will take the reins of the division, which selects and markets music, books and other items sold in Starbucks coffee shops.

"Starbucks also said it would turn over management control of Hear Music, its in-house record label, to its partner in that venture, the Concord Music Group."

• GMDC announced its partnership with LearnSomething, Inc., described as "the leading provider of e-learning solutions for the food, drug and mass retail industries," to provide GMDC member companies with a suite of e-learning tools that will impact productivity at both the store and buyer/merchandiser levels of their operations.

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