When you don’t want to play anymore, it’s time to pay. At least in the world of business, where deals can’t just be dropped whenever it’s convenient. Starbucks is on the line for $2.7 billion it must pay to settle a dispute between it and Kraft Foods after the coffee giant ended a distribution deal for its bagged coffee. [More]
In its latest effort to spread the love from its Worst Company In America victory, BP has accused another much-loathed business, Halliburton, of destroying internal test results which BP claims demonstrates that the cement used to secure the ill-fated Gulf of Mexico oil well was unstable. [More]
Today’s New York Times has an interesting article about the process of assigning blame in the recent Thomas the Tank Engine recall debacle. Whose fault is it? The company that outsourced the manufacturing to China, RC2? The company that holds the rights to Thomas the Tank Engine, HIT Entertainment? Both? Neither?