Daily Outlook - Jan 5
Dueling Autos in India; Threat to Walk Away; Japan Bank Raising Cash
Kraft sweetens Cadbury offer, Nestle rules out bid
Nestle ruled itself out of a bid war over Cadbury and Kraft sweetened its $16.4 billion offer with a bigger cash portion, raising expectations the U.S. food group will win its prize.
Kraft sweetens Cadbury offer via Nestle pizza deal
Kraft Foods Inc sweetened its 10.2 billion pound ($16.4 billion) offer for Britain's Cadbury Plc with cash from a deal to sell its North American pizza unit to Swiss food giant Nestle .
Kraft ups cash part of Cadbury bid, helped by Nestle
Kraft Foods Inc on Tuesday said it was raising the cash portion of its hostile 10 billion pound ($16 billion) takeover offer for Britain's Cadbury Plc by 60 pence per share, funded by a deal to sell its North American pizza unit to Swiss food giant Nestle.
More news
Nestle stops Zimbabwe operations after pressure
Swiss food company Nestle has suspended operations in Zimbabwe, complaining of harassment after it pulled out of a deal to buy milk from a farm taken over by President Robert Mugabe's family.
Nestle seen weighing possible Cadbury bid: report
Swiss food giant Nestle may consider a bid for Britain's Cadbury to challenge a hostile 9.9 billion-pound bid by Kraft Foods Inc and a potential move by Hershey, Bloomberg reported on Sunday.
Nestle may consider a bid for Cadbury: report
Swiss food giant Nestle may consider a bid for Britain's Cadbury to challenge a hostile 9.9 billion pound ($16.3 dollars) bid by Kraft Foods Inc and a potential move by Hershey , Bloomberg reported on Sunday.
Berkshire buys Nestle, Exxon; ups Wal-Mart stake
Billionaire Warren Buffett's Berkshire Hathaway Inc on Monday revealed new investments in Nestle AG and Exxon Mobil Corp and that it has nearly doubled its investment in Wal-Mart Stores Inc .
Nestle speeds ups buyback, may sell Alcon stake
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.
Nestle 9-month organic sales in-line, ups buyback
Nestle SA, the world's biggest food group, met forecasts with nine-month organic sales growth of 3.6 percent after a disappointing first-half 3.5 percent, and upped its share buyback.
Kraft plays down talk of higher Cadbury bid
Kraft played down speculation on Tuesday that it would be prepared to raise its offer for Cadbury PLC , after the British chocolate company rejected its 10.2 billion pound ($16.7 billion) offer.
Kraft will be disciplined over Cadbury: exec
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's latest European foray could spur more deals
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.
Cadbury's best bet is more cash from Kraft: analysts
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 primed to sweeten $16.7 billion Cadbury bid
Kraft Foods said it was intent on pursuing Britain's Cadbury , which soared in value after it snubbed a premium-rich bid from the U.S. group, reinforcing hopes of a broader-based pick-up in merger activity.
Nestle says no plans for big acquisitions
Nestle, the world's biggest food group, said on Thursday it had no plans for a big acquisition with cash from its Alcon stake sale, despite long-term speculation linking it with L'Oreal.
Nestle trims 2009 outlook as sales disappoint
Nestle , the world's biggest food group, pared its full-year outlook on Wednesday after missing forecasts with first-half organic sales growth of 3.5 percent, knocking its shares lower.
Nestle Waters eyes acquisitions to plug sales leak
Nestle's bottled water business is eyeing acquisitions in emerging markets to help end a slump which has made it the worst performer in the food giant's sales, Nestle Executive Vice-President John Harris said.
Nestle Cookie Dough contained three types of E. Coli: Report
Federal investigators have linked at least three different kinds of E. coli to Nestle's cookie dough but were not able to determine how the products got affected, according to ABC News.
China's Taizinai denies report of talks with Nestle
Hunan Taizinai Group, a top dairy products maker in China, on Friday denied a Chinese media report that it was in talks to sell assets to the world's biggest food group Nestle AG.
FDA confirms E. coli found in Nestle cookie dough
The U.S. Food and Drug Administration (FDA) on Monday confirmed that it has found E. coli O157:H7 bacteria in a sample of Nestle Toll House refrigerated cookie dough.
Nestle restates 2009 guidance, sees H2 growth
Nestle, the world's biggest food group, reiterated on Monday its target for 2009 organic sales growth at least approaching 5 percent although it said performance would be weighted to the second half.
Nestle cookie dough Toll House products recalled for E Coli
Nestlé USA voluntarily recalled its Toll House refrigerated cookie dough on Friday after health officials linked the dough to infections from the bacteria E. coli in as many as 66 people in 28 states after eating the dough raw.
Water risks ripple through the beverage industry
At New York's Del Posto, diners can share a $130 entree of wild branzino fish with roasted fennel and peperonata concentrato and a $3,600 bottle of Dom Perignon. They cannot share a bottle of Perrier or San Pellegrino water.
UBS chairman says bank losing key staff: report
Switzerland's largest bank, UBS , is losing key staff in important areas to competitors, chairman Kaspar Villiger was reported as saying on Saturday.
Nestle sales hit by currency, confirms outlook
Nestle , the world's biggest food group, missed forecasts with a dip in first-quarter sales due to the strong Swiss franc and a late Easter, but it reassured investors by repeating its full-year target.
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