Green Mountain Coffee Roasters

Vermont's Champlain College is going to use a $10 million gift from the founder of Green Mountain Coffee Roasters to improve business education at the Burlington school.

The gift from Robert Stiller was announced Monday.

Champlain is naming its business school the Robert P. Stiller School of Business.

Champlain President David Finney said the Stiller School of Business will become a national leader in teaching certain management practices and building thinking skills.

Green Mountain Coffee Roasters is drawing new competition in the single-serve coffee market.

Starbucks will start selling its new single-serve Verismo brewer online this week for $199. The Verismo uses a high-pressure system to make lattes and other espresso-based drinks, along with brewed coffee.

Starbucks' move comes roughly a year after it struck a deal with Waterbury, Vt.-based Green Mountain to make coffee pods for Keurig machines. Starbucks says it will continue to sell its pods for Keurig machines.