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BrandWeek reports that Jamba Juice has signed a multi-tier marketing partnership with Dole Foods that has Dole bananas in supermarkets labeled with a sticker saying "I want to Jamba" and directing shoppers to a website offering smoothie recipes and the ability for consumers to post their own. According to the article, the alliance also "gives Dole presence in the restaurant channel. Dole will focus on pushing bananas, strawberries and pineapple products via recipe cards in stores throughout Jamba's network."

The alliance is a response to companies like Starbucks and McDonald's deciding to get into the smoothie business, which will put them directly in competition with the much smaller Jamba Juice.

• The Wall Street Journal this morning reports that PepsiCo "is reducing the amount of plastic it uses in bottles of some nonsoda drinks, in the latest move by beverage companies to appeal to consumers concerned about environmental waste and global warming. The new half-liter (16.9-oz.) bottle contains at least 20% less plastic than the one it is replacing, and it will be used for some versions of Lipton iced tea, juice drinks, a flavored water called Aquafina FlavorSplash and an enhanced water known as Aquafina Alive, Pepsi said."

• The Wall Street Journal reports this morning that Target Corp. will sell about 47 percent of its $8.2 billion credit-card portfolio to JP Morgan Chase for $3.6 billion, in a deal expected to close by the end of the month. According to the Journal, Morgan "is buying a 47% stake in Target's credit-card receivables, but the deal is structured more like a loan than a sale. Target is expected in years five and six to repay the investment through the performance of the credit-card portfolio."

• The New York Times this morning carries a story saying that late frosts during April in California may well result in a smaller-than-expected grape harvest this year, which could affect the availability and costs of the 2008 vintage.

According to the story, "The frosts hit all over Northern California, including Mendocino and Lake counties in Northern California as well as the Napa Valley and Sonoma County regions. The cold also was felt in Central Coast vineyards."
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