The board of General Motors Co has opted to keep Opel, undoing months of painstaking negotiations to sell the European unit to a Russian-backed group led by Canada's Magna.
Kraft Foods Inc , which posted weaker-than-expected quarterly revenue and cut its full-year sales forecast on Tuesday, said it would not overpay for British chocolatier Cadbury Plc .
Kraft Foods Inc posted weaker-than-expected quarterly revenue and cut its full-year sales forecast on Tuesday ahead of a deadline to make a formal bid for British chocolatier Cadbury Plc .
Kraft Foods Inc posted a quarterly profit that beat analysts estimates, less than a week before the Oreo cookie maker is expected to formalize its bid for British chocolatier Cadbury Plc .
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.
The clock will really start ticking on a deal to create the world's biggest confectioner once Kraft Foods Inc reports earnings next week.
Cadbury Plc investor Mario Gabelli has given further encouragement to Kraft Foods Inc that a bid for the British confectioner could succeed if pitched around 820 pence.
Cadbury Plc investor Mario Gabelli has given further encouragement to Kraft Foods Inc that a bid for the British confectioner could succeed if pitched around 820 pence.
Cash-rich Nestle SA, the world's biggest food group, said it was speeding up a programme to buy back shares and was likely to raise fresh funds from the sale of its stake in eye care firm Alcon.
Cadbury beat sales forecasts and raised targets in a bumper third-quarter trading report, pushing up its shares and pressuring suitor Kraft to come up with a bigger bid to win its takeover battle.
Cadbury, under siege from a bid by Kraft, will look to paint a picture of growth at next week's update to try and see off the predator with analysts focusing on sales, volumes and margin trends.
Kraft Foods Inc is in talks to sell its Maxwell House coffee business to Sara Lee Corp in a move that would give it more money to increase its bid for Cadbury Plc, the New York Post reported on Friday, citing one source.
Cadbury, under siege from a bid by Kraft, will look to paint a picture of growth at next week's update to try and see off the predator with analysts focusing on sales, volumes and margin trends.
Cadbury chairman Roger Carr has emerged victorious from many bid battles but if U.S. food giant Kraft ups its multi-billion pound offer the tough-talking takeover veteran will be under pressure to soften his stance.
A member of the Cadbury family has described Kraft's takeover bid for the British confectionery group as a horror story.
A shareholder of Cadbury is suing the British confectioner's board and chief executive, saying investors stand to lose out massively if the company refuses to negotiate over a $15.68 billion takeover bid from Kraft Foods Inc.
Hershey Co remains stymied in its ability to assemble a takeover offer for Cadbury Plc, leaving Kraft Food Inc as the sole bidder for the British confectioner, The Wall Street Journal reported on Wednesday.
Kraft Foods Inc has until November 9 to make an offer for British confectioner Cadbury Plc or must walk away for six months, Britain's Takeover Panel said on Wednesday.
U.S. food giant Kraft has until November 9 to say whether it will make an offer for British confectioner Cadbury or it must walk away for six months, Britain's Takeover Panel said on Wednesday.
Britain's FTSE 100 .FTSE index is seen opening 7 to 15 points, or as much as 0.3 percent lower on Monday, according to financial bookmakers, tracking weaker showings in Asia after falls on Wall Street on Friday, with investors nervously looking ahead to this week U.S. jobs report.
Equities' Exam; Tax Evaders Pressured; Kraft's Hostile Bid
Kraft Foods Inc is poised to launch a hostile bid for Cadbury Plc valuing the British confectionery business at around 11 billion pounds ($17.6 billion), a report in The Observer newspaper said.
