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OTHER NEWS

From Times Staff and Wire Reports

Pepsi, Lipton in Joint Venture: Pepsi-Cola Co., the nation’s second biggest soft drink company, and tea making giant Thomas J. Lipton Co. announced the creation of a new joint venture to develop and market tea-based beverages. The venture, which will begin operation in January, will also expand distribution of existing Lipton ready-to-drink products through Pepsi-Cola bottlers, the companies said.


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