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Consumer Corner: Foreclosure settlement no magic bullet for economy
SEATTLE, Feb. 13 (UPI) -- U.S. coffee retailer Starbucks is preparing to test a new soluble coffee product, which may make an appearance in some stores next month, executives said.
The product is called Via. Three executives said it was a favored project for Chief Executive Officer Howard Schultz, making it likely the product will get a significant marketing campaign, Advertising Age reported Friday.
Via is designed to imitate the flavor of Starbucks brand coffees and represents "a breakthrough in soluble coffee," a source said to Advertising Age.
Starbucks is expected to announce the product next week and may reveal more about its intentions at the company's annual meeting March 18.
One question still unanswered is whether the product will appear in grocery stores or just in the company's cafes.
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BAGHDAD, Feb. 14 (UPI) --
U.S. supermajor Exxon Mobil won't be able to take part in an oil and natural gas licensing auction scheduled for May in Iraq, a spokesman said.
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WASGHINGTON, D.C., Feb. 13 (UPI) --
Defense industries are weighing the potential impact of proposed defense cuts running into tens of billions of dollars over the next 10 years.
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Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
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Investors will not have the distraction of financial reports to look forward to this week. They will have to look at the spot news headlines instead.
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