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VIDEO: Starbucks to pay $3bn to Kraft

American coffee giant Starbucks has been told to pay Kraft Foods $2.76bn in damages and costs over a row over the distribution of its branded coffee.

Starbucks has been ordered to pay $2bn in damages and other costs in a dispute with Kraft Foods over packaged coffee.

Kraft Foods announced it would remove synthetic colorants from its macaroni and cheese products aimed at children.

The food company says it will stop using artificial dyes in three of its mac-and-cheese products, but says this is not in response to a petition.

Shares in the consumer goods sector ended on a lower note, tracking losses in the broader market.

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