Latest news on ‘Food & Beverage’
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Kraft Begins Cadbury Tender; Stock Trades Above Bid
(Bloomberg) – Kraft Foods Inc., the maker of Oreo cookies, began its unsolicited tender offer for Cadbury Plc as the U.K. candy maker traded above the 10.2 billion-pound bid ($17 [...]
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Heinz profit falls, raises full-year view
CHICAGO (Reuters) – H.J. Heinz Co (NYSE:HNZ – News) posted a lower quarterly profit on Tuesday, hurt by sales declines in North America and Europe, but said it is optimistic [...]
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Campbell Soup’s 1Q Profit Rises 17%; Outlook Raised
By Tess Stynes and Anjali Cordeiro
NEW YORK (Dow Jones) – Campbell Soup Co.’s (CPB) fiscal first-quarter earnings rose 17% on improved margins and prior-year restructuring and hedging expenses, though soup [...] -
Hershey Is Prodded on Cadbury Bid
By ILAN BRAT, JEFFREY MCCRACKEN and DANA CIMILLUCA
The charitable trust that controls Hershey Co. is pushing the chocolate maker to launch a rival $17 billion bid for Cadbury PLC that [...] -
World chocolate makers vie for Cadbury
LONDON (AP) – The world’s largest chocolate makers are gearing up for a potential corporate battle to buy Britain’s Cadbury, with Hershey and Ferrero saying Wednesday they were considering an [...]
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Top Cadbury investor says Kraft needs to raise bid
By Raji Menon
LONDON (Reuters) – A top shareholder in Cadbury (CBRY.L) said investors in the British confectionery firm would find it hard to turn down an offer of more than [...] -
Kraft Earns $826 Million but Cuts Its Sales Forecast
By WILLIAM NEUMAN
Published: November 3, 2009
Kraft Foods, the nation’s largest food manufacturer, reported quarterly profits that beat analysts’ expectations on Thursday, but at the same time cut its forecast for [...] -
Kellogg 3Q profit rises on strong brand loyalty
BATTLE CREEK, Mich. (AP) – Kellogg Co. said Thursday that shoppers’ loyalty to its cereal brands helped boost its profit 6 percent in the third quarter.
Consumers have stayed true to [...] -
Dole Shares Drop in First Day of Trading After IPO Price Cut
(Bloomberg) – Dole Food Co., the world’s largest producer of fresh fruit and vegetables, retreated in its first day of trading after becoming the fifth U.S. company since September to [...]
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Coca-Cola profit flat; global volume rises
By William Spain & Andria Cheng
CHICAGO (MarketWatch) – Coca-Cola’s third-quarter profit was pretty much flat as volume growth in emerging markets like India to China helped overcome declines in North [...]
