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  • Starbucks Coffee International announced that it will close all six of its Israel stores by the end of the week, a decision driven by security concerns as well as what the chain called “market challenges.” The units were co-owned by Israel's Delek Group.

  • Martha Stewart took a 41 percent cut in bonus in 2002, according to a filing with the US Securities and Exchange Commission. Stewart, who is embroiled in an insider trading scandal, still earned a pretty penny: $900,000 in salary, and $680,000 in bonus.

    However, the company said that its other top executives were given double-digit raises and increased bonuses as the company dealt with Stewart’s legal and image problems.

  • Kraft Foods announced that it will acquire Family Nutrition Co., an Egypt-based biscuits and snack cakes manufacturer. Terms of the deal were not disclosed.

    A spokesperson said the acquisition illustrates Kraft’s desire to strategy to invest in high-growth developing markets.

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