Italy's Ferrero has decided not to bid for Cadbury Plc
Bid-target Cadbury Plc said on Tuesday it had good support from its shareholders in repelling the hostile bid from Kraft Foods and should be able to deliver on its financial targets for 2010.
Toyota Motor Corp has set up a division to accelerate developing next-generation batteries, a company executive told reporters at the North American Auto Show on Tuesday.
The market rallied yesterday afternoon in anticipation of January earnings. Alcoa, the first major company to report earnings, showed disappointing results after missing analysts' estimates and reporting a loss of $0.27 per share.
Alcoa Inc posted a narrower quarterly loss on Monday, but the results fell short of expectations and the aluminum producer's stock fell more than 5 percent.
Alcoa Inc posted a narrower fourth-quarter loss on Monday as aluminum prices inched up and the manufacturing industry showed small signs of recovering from the recession.
Alcoa Inc posted a narrower fourth-quarter loss on Monday as aluminum prices inched up, but the result fell short of expectations and its shares dropped more than 6 percent in after-hours trade.
The stock market edged up slightly on Monday in anticipation of earnings announcements, following disappointing employment data last Friday and encouraging China trade data from today's Asian trading session.
China ended 2009 with record monthly imports of crude oil and soybeans and a strong appetite for iron ore and copper, while its aluminum and steel sectors saw a welcome increase in export volumes.
Some carbon emissions trading desks are expanding or diversifying into other commodities as continued low carbon prices and a weak U.N. climate deal have dulled the market.
Japanese stocks hit a 15-month high on Friday as the yen eased against the dollar, leading most Asian markets higher, but Chinese shares and commodities stumbled on fears that Beijing is ready to tighten policy to cool economic growth.
Japanese stocks hit a 15-month high on Friday as the yen eased against the dollar, leading Asian shares higher, while gold and oil prices fell amid lingering concerns over possible central bank policy tightening in China.
Wall Street expects Alcoa Inc to post a small fourth-quarter profit, but optimism is tempered by concern over aluminum prices and how much the auto and aerospace industries rebounded from the recession.
Asian shares eased after hitting a 17-month high on Thursday, while the dollar was steady as investors kept caution before U.S. nonfarm payrolls data later in the week for hints on the greenback's direction.
Asian shares eased after hitting a 17-month high on Thursday, while the dollar was steady as investors kept caution before U.S. nonfarm payrolls data later in the week for hints on the greenback's direction.
Brutal winter weather across the much of the United States has helped rally commodity markets as energy demand rises, crops are hit with snow or frost and livestock movement is slowed.
Monsanto Co reported a quarterly loss on Wednesday instead of the break-even results Wall Street had expected, citing a steep slide in herbicide revenue and a smaller drop in key corn and soybean seed sales.
Warren Buffett came out against Kraft's $16.8 billion hostile offer for Britain's Cadbury as a threat to shareholder value, undermining the U.S. foodmaker's attempt to woo investors with a sweeter bid.
Pilgrim's Pride Corp , the U.S. chicken producer that recently exited bankruptcy, said on Tuesday that it would eliminate about 230 corporate and administrative positions during the first phase of its integration with Brazilian meat company JBS SA .
Kraft sweetened its $16.8 billion offer for Britain's Cadbury and a potential rival stood aside, but just hours later the U.S. food firm's influential top shareholder threatened to vote against the deal.
Kraft sweetened its $16.8 billion offer for Britain's Cadbury and a potential rival stood aside, but just hours later the U.S. food firm's influential top shareholder threatened to vote against the deal.
Nestle ruled itself out of a bid war over Cadbury and Kraft sweetened its $16.4 billion offer, but the U.S. food firm's biggest shareholder Warren Buffett warned it not to overpay.
Nestle ruled itself out of a bid war over Cadbury and Kraft sweetened its $16.4 billion offer, but the U.S. food firm's biggest shareholder Warren Buffett warned it not to overpay.
Nestle ruled itself out of a bid war over Cadbury and Kraft sweetened its $16.4 billion offer with a bigger cash portion, raising expectations the U.S. food group will win its prize.
Nestle ruled itself out of a bid war over Cadbury and Kraft sweetened its $16.4 billion offer with a bigger cash portion, raising expectations the U.S. food group will win its prize.
The Tokyo Stock Exchange, Asia's largest equities bourse, said it would go ahead with the launch of its new trading system as planned on Monday after running final checks.
Hedge funds making big bets on currencies, commodities and equities are favoured by fund selectors in what is likely to be a more testing 2010 after a bumper year for hedge fund returns.
ConAgra Foods Inc has sued Dean Foods Co , saying the dairy processor's Swiss Premium teas infringe its trademark for Swiss Miss hot cocoa products.
U.S. municipal bonds already have scored most of the out-sized, bounce-back gains from 2008's bear market and in 2010 will post only ho-hum returns.
Japanese shares hit a four-month high, leading gains in Asian stocks on growing investor optimism about the global economy, while the U.S. dollar held firm against the yen and euro.
