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Starbucks Will Show Q4 Loss of $2.12 Billion Following $2.7 Billion Fine
Wednesday, November 13, 2013 - 3:13pm | 512The net result of an arbitrator imposed fine of $2.7 billion on Starbucks (NASDAQ: SBUX) in a contract dispute with Kraft (NASDAQ: KRFT), will be a fourth-quarter operating loss of $2.12 billion, according to Reuters. Prior to the arbitrator’s decision, the company had reported a 34 percent...