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.
IBT Staff Reporter
Jan 12, 2011
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.
IBT Staff Reporter
Dec 21, 2010
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.
IBT Staff Reporter
Dec 09, 2010
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.
IBT Staff Reporter
Jun 14, 2010
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.
IBT Staff Reporter
May 07, 2010
Kraft Foods Inc posted higher-than-expected quarterly sales and profit after its acquisition of chocolate maker Cadbury Plc as sales beat expectations.
IBT Staff Reporter
May 06, 2010
Kraft Foods Inc posted a higher quarterly profit, helped by sales and income from newly acquired chocolate maker Cadbury Plc.
IBT Staff Reporter
May 06, 2010
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.
IBT Staff Reporter
Mar 18, 2010
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.
IBT Staff Reporter
Mar 16, 2010
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.
IBT Staff Reporter
Mar 12, 2010
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.
IBT Staff Reporter
Mar 08, 2010
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.
IBT Staff Reporter
Feb 16, 2010
Kraft Foods Inc posted a higher quarterly profit and said its recent acquisition of British chocolatier Cadbury Plc would help accelerate long-term growth.
IBT Staff Reporter
Feb 16, 2010
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.
IBT Staff Reporter
Feb 12, 2010
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.
IBT Staff Reporter
Feb 05, 2010
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.
IBT Staff Reporter
Feb 04, 2010
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.
IBT Staff Reporter
Feb 02, 2010
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.
IBT Staff Reporter
Feb 02, 2010
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.
IBT Staff Reporter
Feb 02, 2010
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.
IBT Staff Reporter
Feb 02, 2010
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.
IBT Staff Reporter
Jan 29, 2010
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.
IBT Staff Reporter
Jan 26, 2010