Hershey in talks: report Nov 18, 2009
US chocolate maker Hershey has launched talks with Italian-based Ferrero on a joint bid for Britain's Cadbury, the object of a hostile takeover effort from Kraft Foods, the Wall Street Journal reports. The Journal, citing unnamed sources familiar with the matter, said on Tuesday talks between executives at Hershey and Ferrero had not yet produced an offer. (Sydney Morning Herald -- Business)
Hershey, Ferrero said to be mulling Cadbury bid Nov 18, 2009
If the companies did move forward, it would be the first competing bid in Kraft Foods' effort to acquire the UK candy company. Cadbury dismissed Kraft's $16. (KGW Northwest NewsChannel 8, OR -- Business)
'Talks on rival bid' for Cadbury Nov 18, 2009
Two international confectionery firms are considering a joint bid for Cadbury that could forestall a hostile takeover by Kraft Foods, reports say. US-based Hershey and the Italian firm Ferrero are reported to have held preliminary talks on the plan. (BBC News -- UK)
Hershey, Nutella-maker discuss Cadbury bid Nov 18, 2009
It would be the first competing bid since Kraft Foods Inc.'s made its $16. 7 billion offer for Cadbury, further raising the stakes for the UK confectionary company. (MSNBC -- Business)
Buffett Ups Wal-Mart Holdings; Rebalances Sectors Nov 18, 2009
4 million ADRs issued by food maker Nestle S.A. (NESN.VX, NSRGY), which competes with Kraft Foods Inc. (KFT), another Buffett investment. Buffett's investments, revealed in a quarterly filing with the Securities and Exchange Commission, were worth $56. (SmartMoney)
Cadbury 'would turn in his grave' Nov 18, 2009
Mrs Loudon has been alarmed at a proposed takeover by Kraft Foods which she believed would lead to the break up of the "unique firm" and unusual heritage. The Cadbury family were Quakers and Mrs Loudon said it was their beliefs which led them to develop a benevolent company with philanthropy at its heart. (BBC News -- Business)
Pound Advances as British Airways Merger Spurs Optimism Economy Improving Nov 14, 2009
Kraft Foods Inc. made an unsolicited 9. 8 billion pound ($16. (Bloomberg -- UK)
M&A Goes Hostile Nov 12, 2009
The latest standoff: Kraft Foods () vs. Cadbury (). On Nov. 9 the U.S. packaged goods maker decided to take its $16. (BusinessWeek)
EU Sets Kraft/Cadbury Antitrust Review Deadline Nov 12, 2009
BRUSSELS -(Dow Jones)- The European Commission Wednesday said it has set Dec. 14 as the initial deadline for its antitrust review of the proposed takeover by Kraft Foods Inc. (KFT) of Cadbury (CBY). Kraft this week launched a $16. (SmartMoney)
Ralcorp Nearly Doubles Profit in 4th-Quarter Nov 11, 2009
Ralcorp, based in St. Louis, bought the Post cereals business from Kraft Foods Inc. in August 2008 for about $2. 6 billion. (ABC News -- Wire)
Business briefs Nov 11, 2009
CadburyHedge fund manager John Paulson doubled his stake in Cadbury PLC the same day Kraft Foods launched a formal $16 ... Hedge fund manager John Paulson doubled his stake in Cadbury PLC the same day Kraft Foods launched a formal $16. (New York Post -- Business)
Better nutritional labels sought Nov 11, 2009
Only companies that paid to join the program, including Kraft Foods and Kellogg, got the big checkmarks. So while whole-grain, low-sugar, nutrient-packed Post Grape-Nuts may be among the most healthful breakfast cereals, it has no checkmark because Post isn't part of the system. (Honolulu Advertiser)
Cadbury rejects Kraft's hostile bid Nov 11, 2009
British candy maker Cadbury PLC rejects Kraft Foods Inc.'s $16. 4 Billion bid. (New York Post -- Business)
Kraft Takes $16B Cadbury Bid to Shareholders Nov 10, 2009
Shares in British chocolate maker Cadbury PLC edged higher on Monday Nov. 9, 2009, as a deadline loomed for Kraft Foods Inc. to make a formal takeover offer for the candy maker, or under British takeover rules Kraft will be prohibited from making a new offer for six months ... LONDON/CHICAGO (Reuters) - Kraft Foods Inc chief Irene Rosenfeld refused to sweeten her $16. (ABC News -- Business)
Kraft's $16.4B Cadbury bid starts takeover tussle Nov 10, 2009
4 billion) hostile bid from Kraft Foods Inc. on Monday after the U.S. company refused to sweeten a previous offer ... Kraft Foods has gone hostile in its bid to buy Cadbury but didn't sweeten its first bid, drawing an immediate rejection from the British candy maker in what is likely to be a lengthy takeover struggle. (Muscatine Journal, IO)
Food fight: Cadbury rejects Kraft's $16.4B hostile offer Nov 10, 2009
4 billion hostile bid from Kraft Foods after Kraft refused to sweeten a previous offer ... 4 billion) hostile bid from Kraft Foods on Monday after the U.S. company refused to sweeten a previous offer ... "We believe that our proposal offers the best immediate and long-term value for Cadbury's shareholders and for the company itself compared with any other option currently available, including Cadbury remaining independent," said Kraft Foods Chief Executive. (USA Today -- Money)
Business Highlights Nov 10, 2009
NEW YORK (AP) Kraft Foods has gone hostile in its bid to buy Cadbury but didn't sweeten its first bid, drawing an immediate rejection from the British candy maker in what is likely to be a lengthy takeover struggle. Taking the same offer directly to Cadbury shareholders likely means that Kraft is betting no competing bids will emerge for the maker of Dairy Milk and Creme Eggs. (ABC News -- Wire)
Google Books deal delayed Nov 10, 2009
-- Kraft Foods has gone hostile in its $16. 4 billion bid to buy Cadbury but didn't sweeten its initial bid made in September, drawing an immediate rejection from the British candymaker in what is likely to be a lengthy takeover struggle. (San Francisco Chronicle -- Business)
Kraft Foods launches hostile Cadbury bid Nov 10, 2009
US giant Kraft Foods on Monday launched a hostile 9 ... LONDON (AFP) - US giant Kraft Foods on Monday launched a hostile 9 ... Kraft Foods is the world's second biggest snacks group after Nestle, while Cadbury -- led by American chief executive Todd Stitzer -- is the second largest confectionery company behind Mars. (Yahoo! Asia News)
Kraft-Cadbury tussle heats up Nov 10, 2009
Kraft Foods has gone hostile in its bid to buy Cadbury but didn't sweeten its first bid, drawing an immediate rejection from the British candy maker in what is likely to be a lengthy takeover struggle ... 4B Cadbury bid starts takeover tussle Articles (11-09) 14:32 PST NEW YORK, (AP) -- Kraft Foods has gone hostile in its bid to buy Cadbury but didn't sweeten its first bid, drawing an immediate rejection from the British candy maker in what is likely to be a lengthy. (San Francisco Chronicle -- Business)
Stocks Jump as G20 Pledges Liquidity Nov 10, 2009
Kraft Foods Inc (KFT.N) formalized a proposed takeover of Britain's Cadbury Plc (CBRY.L), but failed to improve the terms of its initial approach. Kraft was down 1. (Newsmax)
Cadbury rejects Kraft's $16.5 billion bid Nov 10, 2009
"Kraft Foods believes it is the most logical acquirer of Cadbury," it said in its proposal. "We remain convinced of the strategic merits for both companies of combining Kraft Foods and Cadbury," Rosenfeld said. (CNN -- International)
Dow Hits 2009 Closing High Nov 10, 2009
Kraft Foods () is reportedly working on a hostile bid for Cadbury of Britain. Meanwhile, General Electric () and Comcast () agreed to cooperate on a $30 billion joint venture under which Comcast would assume control of GE's 80%-owned NBC Universal unit. (BusinessWeek)
Kraft in Cadbury takeover bid Nov 10, 2009
2bn in 2000 before integrating it into Kraft Foods More than 40 of its brands are more than 100 years old Has 98,000 employees and 168 manufacturing and processing facilities worldwide. Many investors had expected Kraft to increase its offer to tempt the board to back the proposal. (BBC News -- Americas)
Some food labels misleading Nov 10, 2009
The Food and Drug Administration has decided to investigate the so-called Smart Choices program that was rolled out by manufacturers, including Kellogg, Kraft Foods and General Mills, last year. The program uses green Smart Choice labels on the front of foods that allegedly have met certain standards for calories per serving and fat content. (Herald Online, SC -- Opinion)
* World Business Quick Take Nov 10, 2009
Kraft Foods Inc, the worlds second-biggest food maker, was under pressure to increase its G9. 8 billion (US$16 billion) bid for confectioner Cadbury PLC by yesterdays deadline to keep its takeover attempt alive, investors said. (Taipei Times, Taiwan -- World)
ADRs climb on G20's stimulus pledge Nov 10, 2009
6%, after Kraft Foods chief Irene Rosenfeld refused to boost her $16. 4 billion offer, which Cadbury had rejected earlier. (India Times)
Deadline’s here for Kraft on Cadbury Nov 9, 2009
With or without Cadbury, Kraft Foods is well positioned, she has said. Copyright 2009 Globe Newspaper Company. (Boston Globe)
Stock futures point to gains after G20 Nov 9, 2009
Kraft Foods Inc (KFT.N) is expected to formalize on Monday a hostile takeover bid for Britain's Cadbury Plc (CBRY.L) valued at roughly 10. 2 billion pounds ( 16. (Yahoo News -- Press Releases)
Cadbury awaits latest Kraft move Nov 9, 2009
UK confectioner Cadbury will soon find out if it will be the target of a hostile bid by would-be US suitor Kraft Foods ... 2bn in 2000 before integrating it into Kraft Foods More than 40 of its brands are more than 100 years old Has 98,000 employees and 168 manufacturing and processing facilities worldwide. (BBC News -- Business)
Boards lack Asian Pacific Americans Nov 7, 2009
The 24 Fortune 100 companies with Asian Pacific American representation on their boards include General Electric, Hewlett-Packard, Citigroup, IBM, Procter & Gamble, Morgan Stanley, Goldman Sachs, Wells Fargo, Safeway, PepsiCo, Kraft Foods, Cisco Systems, Walt Disney, News Corp. and Apple. LEAP, founded in 1982 with headquarters in Los Angeles and an office in Washington, D.C., provides programs in leadership training, public policy research and community education to raise the visibility of... (Pacific Business News, HI)
Starbucks's Schultz Pushes Instant Coffee, Seattle's Best to Propel Growth Nov 7, 2009
The agreement represents a move away from Starbucks usual distribution partnerships with PepsiCo Inc. and Kraft Foods Inc.. Bright Future. (Bloomberg)
Subway and the Accidental Hero Nov 7, 2009
"People are not eating out as much anymore, so anything that brings people together through food is much more compelling nowadays," says Michelle Barry of the Hartman Group, a Seattle consultancy that employs anthropologists and sociologists to ferret out consumer perceptions for such companies as Kraft Foods () and Wal-Mart Stores (). Page. (BusinessWeek)
Unilever Q3 Sales Beat Hopes on Strong Volumes Nov 6, 2009
Friday November 6, 2009 5:29 AM ET. Try SmartMoney Select Risk Free. (SmartMoney)
Exec to Plead Guilty in Tomato Price-Fixing Case Nov 5, 2009
Some of the food companies included Kraft Foods Inc., Frito-Lay Inc. and Bs Inc.. Huey, 53, also was facing a charge stemming from an alleged SK Foods shipment of tomato products with mold levels that exceeded federal limits. (ABC News -- Wire)
* Kraft still wants Cadbury as profit for Q3 declines Nov 5, 2009
Kraft Foods Inc is still interested in acquiring Cadbury PLC but plans to deliver solid results with or without the British candy maker, Kraft said on Tuesday ... Let me underscore once again, with or without Cadbury, Kraft Foods is well-positioned to deliver top-tier performance, she told investors. (Taipei Times, Taiwan -- World Business)
Another Exec Charged In Tomato Fraud Case Nov 5, 2009
Prosecutors said that between January 2004 and 2008 leaders, employees and associates of SK Foods, conducted a scheme to defraud certain SK Foods' customers through acts of bribery, which were intended to ensure that customers -- including Kraft Foods, Inc., Frito-Lay, Inc, and B&G Foods, Inc. purchased products from SK Foods instead of its competitors, while customers paid an inflated price for products. According to court documents, Huey admitted that he routinely falsified, and directed other... (KSBW 8, CA)
Kraft must work harder to woo Cadbury Nov 5, 2009
Kraft Foods Inc. (Kraft) is engaged in manufacturing and marketing packaged food products; Irene RosenfeldChairman of the Board, Chief Executive Officer Timothy McLevishChief Financial Officer, Executive Vice President From The Lists Your resource for everything related to business in Chicago. 6. (Crain's Chicago Business)
SK Foods VP charged in fraud case Nov 5, 2009
Some of the food companies included Kraft Foods Inc., Frito-Lay Inc. and Bs Inc. ... Some of the food companies included Kraft Foods Inc., Frito-Lay Inc. and Bs Inc. ... Earlier in August, a former senior purchasing manager for Kraft Foods Inc. was sentenced to two years and three months in prison and ordered to pay restitution to Kraft of $1. (Fresno Bee)
Eighth person charged in SK Foods bribery case Nov 5, 2009
Earlier in August, a former senior purchasing manager for Kraft Foods Inc. was sentenced to two years and three months in prison and ordered to pay restitution to Kraft of $1. 858 million for accepting SK's bribes. (Fresno Bee -- Local)
Climate Change And Copenhagen Nov 4, 2009
Kraft Sales Slip After hours: Kraft Foods, Myriad Genetics, and Charles River shares fall; HealthSouth beats. Naturally Bamboo April Femrite, CEO. One of five finalists in the 2009 Boost Your Business contest. (Forbes -- Business)
Kraft Profit Falls but Co. Raises Outlook for Year Nov 4, 2009
Kraft Foods Inc. is still interested in acquiring Cadbury PLC but plans to deliver solid results with or without the British candy maker, Kraft said Tuesday. FILE - In this Feb. 2, 2009 file photo, Kraft Foods Macaroni e dinners are seen on display at ... FILE - In this Feb. 2, 2009 file photo, Kraft Foods Macaroni e dinners are seen on display at a market in Palo Alto, Calif. (ABC News -- Wire)
On the Call: Kraft Foods CEO Irene Rosenfeld Nov 4, 2009
Kraft's CEO Irene Rosenfeld discusses customer demand for private label and branded products. By The Associated Press November 3, 2009 (AP) The Associated Press. (ABC News -- Wire)
ShoreBank shakes up exec suite Nov 4, 2009
Mr. Brown, a former Kraft Foods Inc. executive, will continue to serve as vice-chairman of the holding company. Ms. Cahillane, 58, has more than 22 years of banking experience at the old Continental Bank in Chicago and Bank of America Corp., which she left in 2002. (Crain's Chicago Business)
Kraft Says Won't Overpay for Cadbury as Revenue Misses Nov 4, 2009
CHICAGO (Reuters) - Kraft Foods Inc said it would not overpay for British chocolatier Cadbury Plc on Tuesday after disappointing investors by posting weaker-than-expected quarterly revenue and cutting its full-year sales forecast. Investors in both companies had hoped strong quarterly results would bolster the value of Kraft's initial $16. (ABC News -- Wire)
Keselowski replacing Stremme for rest of season Nov 3, 2009
com Chevrolet, stands in the garage during practice for the NASCAR Sprint Cup Series Price Chopper 400 presented by Kraft Foods at the Kansas Speedway on October 3, 2009 in Kansas City, Kansas. (Photo by Geoff Burke/Getty Images for NASCAR) Getty Images for NASCAR. (News & Observer -- Sports)
Kraft Quarterly Results Could Make a Case to Cadbury Nov 3, 2009
CHICAGO (Reuters) - Kraft Foods Inc will need to show progress in cutting costs and improving organic revenue when it reports earnings on Tuesday, in a bid to convince Cadbury shareholders it is a viable deal partner. Lower commodity prices and cost controls helped other consumer-staples companies beat analyst estimates in recent weeks, including Kellogg Co , Clorox Co and General Mills Inc. (ABC News -- Business)
Holiday dilemma for investors: party or panic? Nov 2, 2009
Investors will hear later in the week from networking equipment maker Cisco Systems Inc., Kraft Foods Inc., Marathon Oil Corp., Starbucks Corp. and Time Warner Inc.. Monthly sales figures are due from major retailers as well as automakers. (MSNBC -- Business)
Pending home sales index to be released Nov 2, 2009
-- Kraft Foods Inc. releases third-quarter results ... T -- Kraft Foods Inc. releases third-quarter results. (San Francisco Chronicle -- Business)
Viewpoint: School lunch -- fit for consumption? Oct 31, 2009
In New Jersey, three individuals along with the Cancer Project chose to file a class-action lawsuit against several hot dog makers including Sara Lee and Kraft Foods. The complainants seek to have warning labels placed on packages of hot dogs, thereby alerting consumers to the cancer risk. (Danvers Herald, MA)
Options lead to $86.5M charge Oct 29, 2009
The firm has handled or is working on deals for GlaxoSmithKline, BHP Billiton, Kraft Foods, Barclay's, Cisco, Anheuser-Busch InBev, Nortel, Amazon. com and Pfizer, among others. (San Francisco Chronicle -- Business)
NTUC's new book on work-life balance aims to get more women to work Oct 28, 2009
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Smart Choices Food Labels Halted on FDA Warning Oct 27, 2009
Participating companies include: Kellogg Co, Kraft Foods Inc and General Mills Inc, Unilever PLC, PepsiCo Inc's Quaker Foods and ConAgra Foods Inc. Some foods carrying the Smart Choices seal include: Kraft Macaroni and Cheese Baked Cheese Crackers, Country Crock spread and Froot Loops and Cocoa Krispies breakfast cereals. The Food and Drug Administration announced on Tuesday it was examining nutrition claims on the front of packages and would take action against false or misleading claims. (MEDLINEplus)
CHAMPS/Life Skills Holds Resume Workshop For Student-Athletes Oct 25, 2009
Kraft Foods and Enterprise Rental Car will also hold open interviews for all majors in the next two weeks. Kraft Foods will be on campus on Oct. 30 while Enterprise will be at Samford on Nov. 7. (Samfordsports.com)
Bernanke Bangs Reform Drum Oct 24, 2009
Kraft Foods has, no plans to remove the logo from packaging. . (Slate)
FDA concerns halt Smart Choices labels Oct 24, 2009
Smart Choices, which includes Kellogg Co., Kraft Foods Inc. and General Mills Inc., has been criticized for including processed foods that are high in sugar, such as Froot Loops cereal and Cracker Jack snack food. Officials with Smart Choices in Washington, D.C., said Friday that the group will "postpone" active operations and not encourage wider use of the logo while the FDA investigates the labeling. (The Augusta Chronicle)
Emanuel to Speak at Chamber of Commerce Amid Debate Over Financial Rules Oct 24, 2009
com Inc. Chief Executive Officer and Kraft Foods Inc. CEO for a White House lunch Oct. 8 to get their views on the U.S. economy. To contact the reporter on this story: in Washington at. (Bloomberg -- US)
FDA not so sure of Smart Choices label for sugar cereals Oct 22, 2009
U.S. manufacturers, including Kellogg, Kraft Foods and General Mills, rolled out their so-called Smart Choices program last year, amid growing concern about obesity rates. The green labels appear on the front of foods that meet certain standards for calories per serving and fat content. (Jefferson City News Tribune, MO)
Matching Gifts Oct 21, 2009
Matching Gift Companies - CLEMSON UNIVERSITY OFFICIAL ATHLETIC SITE. Matching Gift Companies Thank you for making the extra effort - and for your doubled support. (Clemsontigers.com)
WestZone Donors Oct 21, 2009
PLANTERS (Kraft Foods Global, Inc.. Betty. (Clemsontigers.com)
Cadbury PLC revenue up Oct 21, 2009
Cadbury, which has rejected a takeover approach from Kraft Foods Inc., said it expected full-year revenue growth to be in the middle of a range between 4 percent and 6 percent. In its first-half report on July 9, the company had forecast revenue growth at the lower end of that range. (India Times)
Trust: Effective Managers Make It a Priority Oct 20, 2009
Inspiring a climate of trust, as Kraft Foods CEO Rosenfeld has done, is vital for fostering high performance at any company ... Last week, in describing how she has turned around Kraft Foods (), Chief Executive Irene Rosenfeld highlighted the way the company has stepped up its marketing and spurred product development. (BusinessWeek)
Cadbury May Raise Profitability Forecast as Kraft Threatens Independence Oct 20, 2009
Oct. 20 (Bloomberg) -- may raise its profitability forecast tomorrow and say new gum brands invigorated sales, seeking to persuade investors it should remain independent from Kraft Foods Inc.. Increased advertising and the recently introduced Trident Layers gum probably boosted revenue growth, while margins likely improved on cost reductions and a recovery in gum demand, Sanford C. Bernstein analyst said. (Bloomberg -- UK)
Dealmaker Wasserstein dies Oct 16, 2009
Dealmaker Bruce Wasserstein, Lazard's CEO, dies. Article:Dealmaker Bruce Wasserstein, Lazard's CEO, dies:/c/a/2009/10/15/BUN31A5OK4. (San Francisco Chronicle -- Business)
Lazard CEO Bruce Wasserstein Dies at 61 Oct 15, 2009
Most recently he was advising Kraft Foods Inc. on its unsolicited $16. 7 billion takeover bid for British candy maker Cadbury PLC.. (ABC News -- Business)
