Nigeria's fast-moving consumer goods sector is attracting foreign investors as parent companies pump cash into local units to offset slowing growth at home.
Internet search engine Google Inc raced ahead of consulting firm McKinsey as India’s most preferred employer in business schools in 2010, according to a study by The Nielsen Company.
British packaging company DS Smith Plc said first half pretax profit rose 17.5 percent, helped by strong volume and revenue growth in the recycled packaging business.
Hershey Co plans to cut 500 to 600 jobs, or up to 5 percent of its workforce, as part of a restructuring aimed at upgrading and enlarging its facilities to compete globally and save some $60 million to $80 milllion in annual costs.
Kraft Foods Inc posted a higher-than-expected quarterly profit as it showed improvement in legacy businesses like beverages in the United States, while absorbing recently acquired chocolate maker Cadbury Plc.
Kraft Foods Inc posted higher-than-expected quarterly sales and profit after its acquisition of chocolate maker Cadbury Plc as sales beat expectations.
Kraft Foods Inc posted a higher quarterly profit, helped by sales and income from newly acquired chocolate maker Cadbury Plc.
The U.S. food industry is in store for a smorgasbord of mergers and acquisitions as companies look to gain more revenue and earnings growth and new, innovative products.
Kraft Foods came under heavy fire from UK parliamentarians on Tuesday for raising false hopes about the future of a Cadbury plant as it battled to win control of the British chocolatier.
Kraft Foods Inc will be grilled by British parliamentarians next week amid claims the U.S. group backtracked on plans to keep a Cadbury plant open.
Kraft Foods Inc is being investigated by U.K. regulators on whether the company misled employees and investors in its battle to take over British firm Cadbury.
Kraft Foods Inc quarterly revenue fell short of Wall Street expectations, but said its $18.4 billion takeover of Cadbury Plc would accelerate long-term growth.
Kraft Foods Inc posted a higher quarterly profit and said its recent acquisition of British chocolatier Cadbury Plc would help accelerate long-term growth.
The world's biggest food companies and household products makers face a selective return to consumer spending in 2010, testing their resolve to avoid promotions and suggesting more industry mergers to come.
Kraft Foods on Friday said it had 75.41 percent acceptances from Cadbury Plc shareholders by 1900 GMT on February 4 in its takeover of the British confectioner and will now move to delist Cadbury no earlier than March 8.
Kraft Foods Inc on Thursday launched a 4-part, $9.5 billion debt sale to help finance its acquisition of British confectioner Cadbury, IFR reported.
Kraft Foods won control of Cadbury on Tuesday as holders of almost 72 percent of the British chocolatier's stock accepted the 11.7 billion pound takeover that will create the world's biggest confectioner.
Chocolate maker Hershey Co defended its decision to back away from a Cadbury bid and a bigger stake in the global confectionery market, saying it remained confident about its growth prospects and was raising its dividend.
Hershey Co posted a better-than-expected quarterly profit and is on target to meet its 2010 earnings forecast as it has been gaining market share in its main brands.
Kraft Foods is set to receive enough acceptances from Cadbury shareholders to seal its 11.7 billion pounds ($18.6 billion) takeover by around 1700 GMT (12 noon EST) Tuesday and start the tough integration of Cadbury's 45,000 worldwide employees.
Kraft Foods Inc is expected to easily win support from Cadbury shareholders for its $18.73 billion (11.68 million pound) takeover of the iconic British chocolatier.
Swiss food group Nestle is likely to set itself a long-term goal to buy Hershey after the Kraft-Cadbury deal, hoping that market pressures will wear down opposition from the controlling Hershey Trust.