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• Delhaize-owned Food Lion said yesterday that it has completed "significant investments" in 169 stores in key North Carolina and South Carolina markets, including Greenville, N.C., Wilmington, N.C., Columbia, S.C., Charleston, S.C., and Myrtle Beach, S.C. 

The company is celebrating the investments with grand re-openings at all 169 stores, pointing out lower prices on some 6,000 items, and an improved produce selection.

Bloomberg Businessweek reports that Starbucks has agreed to pay Mondelez International $2.76 billion to settle a 2010 dispute over bagged coffee sales.

The dispute began when Starbucks CEO Howard Schultz terminated a contract with Kraft Foods (as Mondelez then was known) that had the company marketing and selling Starbucks bagged coffee. Starbucks was trying to segue from being a coffee company into being a broader consumer products company, and it accused Kraft of not paying enough attention to its brand. Kraft sought what it called fair compensation for the loss; Starbucks offered $750 million, Kraft declined, and the dispute continued.
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