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.
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.
The MTV video music awards held on Sunday paid tribute to the late Michael Jackson, but was overshadowed by an outburst by rapper Kanye West, who interrupted an acceptance speech by U.S. singer Taylor Swift.
Kraft is the most logical buyer for British chocolate firm Cadbury , but the U.S. rival will remain financially disciplined, one of the company's executives said on Tuesday.
Kraft Foods Inc is once again turning to Europe to try to boost sales and improve margins, hoping to convince Cadbury to accept a buyout that could start a new round of food industry consolidation.
Britain's Cadbury has few options but to look for a higher bid and more cash after Kraft's 10.2 billion pound ($16.7 billion) offer for the world's No 2 confectionery group, analysts said on Tuesday.
Kraft Foods said it was determined to pursue Britain's Cadbury, which soared in value after it snubbed a $16.7 billion bid from the U.S. group, reinforcing hopes of a broader-based pick-up in merger activity.
English actors Samantha Morton, Dominic West and Polly Walker have joined
Mars is offering free chocolate on Fridays till the end of September, but already on its first day, the website that offers the coupons was down following the massive flood of traffic.
Chocolate eating is on the rise in the current economic slowdown, while chewing gum is suffering, according to British confectionery giant Cadbury Plc.
Google Mars 3D offers a unique look at the Red Planet of Mars a team up together with NASA, offering a new Mars 3D mode for Google Earth with a high-resolution, three-dimensional view of the Red Planet.
Google Mars 3D offers a unique look at the Red Planet of Mars a team up together with NASA, offering a new Mars 3D mode for Google Earth with a high-resolution, three-dimensional view of the Red Planet.
On Monday, Google announced new additions to the 5.0 edition of Google Earth, including ocean mapping, historical imagery, touring, and the addition of Mars terrain.
On Monday, Google announced new additions to the 5.0 edition of Google Earth, including ocean mapping, historical imagery, touring, and the addition of Mars terrain.
A small robotic probe will examine the planet's arctic circle to for signs of life
Mars Inc agreed to buy Chicago-based Wm Wrigley Jr. Company on Monday for $23 billion in cash, bringing together Mars, the maker of M&M's chocolate and Snickers bars together with Wrigley's, which sells Spearmint and Juicy Fruit gum.
Many of the world's top food companies are not doing enough to help cut the salt, fat and sugar which are contributing to a global, diet-related health crisis, according to a report on Tuesday.
