Keurig Brews Deal With Dr. Pepper Snapple

Morning Money Memo…

If you like single-shot coffee pods, are you ready for home-made soda drinks? Keurig Green Mountain has struck a deal with Dr. Pepper Snapple to make single-serve capsules for use in its soon-to-be released cold beverage system. The companies aren't saying much about the agreement. Dr. Pepper Snapple Group sells Sunkist, Snapple, Dr. Pepper and Hawaiian Punch. The multi-year deal will make Keurig Green Mountain Inc. the exclusive producer in the U.S. and Canada for the drinks that use fountain syrup in the new Keurig Cold platform. Keurig Cold, which is expected to launch in the fall, lets users to make cold carbonated drinks, sports drinks, teas, juice drinks and enhanced waters at home. Other companies are also said to be working on new systems to produce single-serve beer.

The U.S. jobs market continued its recent improvement last month. Payroll processor ADP says private employers added 241,000 jobs, continuing a recent trend. Construction and manufacturing sectors were strong. The Labor Department's monthly report will be released Friday.

The yield for the 10-year Treasury, the base line for mortgages and some other consumer loans, is under 2 percent today. Yields on government bonds in Germany and Japan are even lower. As stock prices fall, many investors have moved their money to the safety of bonds. A big worry for Europe is deflation - falling prices - which could make the current mild recession even worse.

Rapper Doctor Dre and record producer Jimm y Iovine are being called scam artist in law suit filed by audio-equipment firm Monster and its CEO. Beats Electronics, owned by Apple, is being sued. Monster claims Beats fraudulently acquired Beats, and says Dre and Iovine double crossed Noel Lee, the founder of audio cable maker Monster. Apple has made no comment on the lawsuit.