Kraft

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Kraft Makes Hostile Bid for Cadbury

Offer values UK company at $16.3B

(Newser) - Kraft launched a hostile bid for UK candy giant Cadbury today. The offer values the company at more than $16 billion and asks Cadbury shareholders to accept a merger that its executives rejected, the Wall Street Journal reports. Kraft, which hopes to boost sales by gaining exposure to new markets,...

Chocoholics Spurn American Cadbury

Many see right through US bars, actually made by Hershey

(Newser) - Serious chocolate fans responded warily to the news of Kraft's bid for Cadbury—especially in the US, where aficionados reject the domestic brand anyway. It’s made by Hershey, not the British firm itself, and that just won’t cut it for hardcore devotees of the British brand, the Wall ...

Dow Up 57 on Housing Data
 Dow Up 57 on Housing Data 
MARKETS
Jul 1, 2009 3:14 PM CDT

Dow Up 57 on Housing Data

(Newser) - Markets were up today on a surging food sector and good data from the manufacturing and housing industries, the Wall Street Journal reports. A key manufacturing activity index jumped from May to June, and an indicator of pending home sales also climbed for the fourth straight month. Amid the gains,...

Raw Pistachios Likely Cause of Salmonella Scare: Firm

(Newser) - The company responsible for the current pistachio salmonella scare says its product was likely contaminated by raw nuts, not humans or animals, the AP reports. Setton International Foods says roasted pistachios shipped to Kraft could have come in contact with raw nuts at its California plant. The raw pistachios can...

Kraft, Mars, Cadbury Hit by Chinese Tainting Scandal

Melamine concerns prompt recall, probe

(Newser) - Kraft and Mars are investigating claims by the Indonesian government that products including Oreos, M&Ms, and Snickers imported from China are tainted with melamine, PerthNow reports. The company notes that the products tested melamine-free elsewhere in Asia, and suggests that they could be counterfeit. Still, the firms are supporting...

EU Probes Chocolate Price Fixing
EU Probes Chocolate Price Fixing
Feb 20, 2008 6:22 AM CST

EU Probes Chocolate Price Fixing

Hershey, Mars, others suspected of conspiracy

(Newser) - The European Commission suspects candy giant Hershey of conspiring with other chocolate and candy manufacturers in an industry-wide price-fixing scheme, AP reports. Both Hershey and rival Mars recently received requests for information from the commission after some 50 civil lawsuits in the US have alleged price fixing. The two companies...

Kraft Goes Cookie Shopping in France

American snack giant bids $7.2B for Danone's biscuit division

(Newser) - Kraft moved to elevate its international profile today with a $7.2 billion for Danone's biscuit division, setting up a deal that would make the Oreo manufacturer Europe's largest cookie maker. The polyglot alliance of Ritz crackers and Petit Ecolier biscuits faces numerous obstacles, the Times of London reports, including...

Stories 21 - 27 | << Prev