International Business News - WWY http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Mars Inc. has closed a $23 billion deal to purchase chewing-gum giant Wm. Wrigley Jr. Co., the companies said Monday, making the combined business the world's largest candy maker. http://www.ibtimes.com/data/articleimgs/146430-mars-wrigley.jpg http://www.ibtimes.com/articles/20081006/mars-wrigley-close-23-billion-deal-create-giant.htm http://www.ibtimes.com/articles/20081006/mars-wrigley-close-23-billion-deal-create-giant.htm Mon, 06 Oct 2008 19:53:47 EDT Beverage companies weathered a pullback in consumer spending in the third quarter, with the stocks of 50 companies in the Dow Jones U.S. Beverages Index rising 1.9 percent since the end of June. http://www.ibtimes.com/articles/20080930/beverage-company-stocks-mixed-in-3q.htm Tue, 30 Sep 2008 12:01:48 EDT Tentative meltdown deal: Bush, McCain, Obama meet WASHINGTON (AP)--President Bush and the two men fighting to succeed him joined forces Thursday at a historic White House meeting on a multibillion-dollar Wall Street bailout plan, aiming to stave off a national economic disaster. http://www.ibtimes.com/articles/20080925/business-highlights.htm Thu, 25 Sep 2008 18:39:18 EDT Shareholders of chewing-gum maker Wm. Wrigley Jr. Co. approved the company's $23 billion sale to Mars Inc., paving the way for the formation of the world's largest candy maker. http://www.ibtimes.com/articles/20080925/a-closer-look-at-candymakers-mars-and-wrigley.htm Thu, 25 Sep 2008 15:09:44 EDT Shareholders of Wm. Wrigley Jr. Co. have approved the company's $23 billion sale to Mars Inc., a move that will end more than a century of family control as the chewing-gum company becomes part of what will now be the world's largest candy maker. http://www.ibtimes.com/data/articleimgs/138616-mars-wrigley.jpg http://www.ibtimes.com/articles/20080925/wrigley-shareholders-approve-23b-sale-to-mars.htm http://www.ibtimes.com/articles/20080925/wrigley-shareholders-approve-23b-sale-to-mars.htm Thu, 25 Sep 2008 16:31:52 EDT Among the premarket activity stories for Thursday, Sept. 25, from AP Financial News: SAN FRANCISCO (AP)--Food and pet food maker Del Monte Foods Co. holds its annual meeting on Thursday and company executives are expected to talk about the high commodity prices that are hampering profits. http://www.ibtimes.com/articles/20080925/premarket-roundup-del-monte-wm-wrigley.htm Thu, 25 Sep 2008 10:18:41 EDT Chewing-gum maker Wm. Wrigley Jr. Co. holds a shareholder meeting to approve its sale to candy maker Mars Inc. on Thursday. The proposed deal with Mars, maker of Snickers and M&Ms, requires approval by two-thirds of Wrigley's outstanding shares of stock. http://www.ibtimes.com/articles/20080925/ahead-of-the-bell-wrigley-holders-vote-on-sale.htm Thu, 25 Sep 2008 06:15:06 EDT Chewing-gum maker Wm. Wrigley Jr. Co. said Thursday that it selected Tribal DDB Worldwide to help promote its U.S. brands on the Internet. New York-based Tribal DDB is a digital advertising agency that is part of Omnicom Group's DDB Worldwide. http://www.ibtimes.com/articles/20080904/wrigley-picks-tribal-ddb-to-help-promote-brands.htm Thu, 04 Sep 2008 14:34:37 EDT Berkshire Hathaway Inc. reported an 8 percent decline in second-quarter profit Friday because it collected fewer insurance premiums and recorded $1 billion in unrealized derivative losses. http://www.ibtimes.com/articles/20080808/insurance-weighs-on-berkshire-hathaways-2q-profit.htm Fri, 08 Aug 2008 22:23:24 EDT Chewing-gum maker Wm. Wrigley Jr. Co. has set a shareholder meeting to approve its sale to candy maker Mars Inc. for Sept. 25. The company said in a filing with the Securities and Exchange Commission on Monday the meeting will be held in its hometown of Chicago. http://www.ibtimes.com/articles/20080804/wrigley-sets-sept-25-meeting-to-ok-mars-buyout.htm Mon, 04 Aug 2008 15:55:18 EDT Among the earnings stories for Monday, July 28, from AP Financial News: Top stories: http://www.ibtimes.com/articles/20080728/earnings-roundup-tyson-wrigley.htm Mon, 28 Jul 2008 14:35:07 EDT Chewing-gum maker Wm. Wrigley Jr. Co. said its second-quarter profit jumped 14 percent as higher prices and foreign sales boosted revenue. The Chicago-based maker of gum brands such as Juicy Fruit, Orbit, Extra and Big Red said Monday its net income rose to $193.8 million, or 70 cents per share, in the three months ended in June, from $169.8 million, or 61 cents per share, a year earlier. http://www.ibtimes.com/articles/20080728/wrigley-2q-profit-jumps-14-percent.htm Mon, 28 Jul 2008 17:24:24 EDT Chewing-gum maker Wm. Wrigley Jr. Co., reports earnings for the second quarter on Monday, before the market opens. The following is a summary of key developments and analyst opinion related to the period. http://www.ibtimes.com/articles/20080725/earnings-preview-wrigley-seen-posting-solid-2q.htm Fri, 25 Jul 2008 11:13:03 EDT Like a lot of people, Nate Towne is cutting back on spending. He's carpooling to work and only shops at grocery stores that take coupons or offer discount "rewards" cards. http://www.ibtimes.com/data/articleimgs/77705-recession-proof-candy.jpg http://www.ibtimes.com/articles/20080623/candy-a-sweet-spot-in-sour-economy.htm http://www.ibtimes.com/articles/20080623/candy-a-sweet-spot-in-sour-economy.htm Mon, 23 Jun 2008 16:53:22 EDT Shares of William Wrigley Jr. Co. edged up to a 52-week high Friday, despite a big drop in the overall market. Wrigley shares rose 39 cents to close at $77.81, after peaking at $77.89 earlier in the day and passing its previous high of $77.76. http://www.ibtimes.com/articles/20080620/wrigley-shares-hit-52-week-high.htm Fri, 20 Jun 2008 17:22:44 EDT Faced with competing against a combined Mars-Wrigley, candymaker Hershey Co. said Tuesday it will pour money into marketing its biggest brands to invigorate stagnant sales in the slow-growing U.S. market. http://www.ibtimes.com/articles/20080617/hershey-affirms-2008-profit-outlook.htm Tue, 17 Jun 2008 16:50:28 EDT A Goldman Sachs analyst dismissed speculation that The Hershey Co. will follow Wrigley as a buyout target, saying Tuesday that the deal would not be approved, and Hershey is a less attractive candidate. http://www.ibtimes.com/articles/20080603/ahead-of-the-bell-hershey.htm Tue, 03 Jun 2008 09:09:13 EDT Candy companies are betting that the trend toward healthy foods will extend to those of a sweeter variety. Cadbury PLC, William Wrigley Jr. Co. and Mars Inc. are all launching new gums and candies this summer designed to provide health benefits from strengthening teeth to fighting germs. http://www.ibtimes.com/articles/20080527/market-spotlight-functional-candy.htm Tue, 27 May 2008 14:53:50 EDT Cadbury PLC, the world's biggest candy maker, gave investors a pleasant surprise Thursday by forecasting target-beating sales in the first half and improving profit margins on the back of price increases and lower costs. http://www.ibtimes.com/articles/20080515/cadbury-forecasts-higher-sales-profit-margins.htm Thu, 15 May 2008 12:53:33 EDT Wm. Wrigley Jr. Co. said Tuesday its board declared a regular quarterly dividend of 33.5 cents. The candy and gum maker, which is being acquired by confectioner Mars Inc., said the dividend is payable Aug. 1 to shareholders of record July 15. http://www.ibtimes.com/articles/20080514/wm-wrigley-sets-dividend-of-33-5-cents.htm Wed, 14 May 2008 07:25:22 EDT