Wednesday, April 7, 2010 as of 11:14 AM ET
Kraft Foods Inc. () is an American multinational confectionery, food and beverage conglomerate. It markets many brands in more than 170 countries.
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(UTX) has hit the U.S. bond market with a six-part benchmark deal to help it finance its $16.5 billion takeover of Goodrich Corp. (GR).A deal size hasn't been determined, but a ratings action from Moody's Investors Service suggests the company proposed issuing $9.5 billion. A banker working on the deal expected it to be in the range of $8 billion to $10 billion. Syndicate desks still need to make a final call with United, one banker said.That would make it the largest deal of 2012 or 2011, according to Dealogic.Fitch Ratings notes the company plans to issue between $9 billion and $11 billion of debt to help fund the acquisition, which is expected to occur in mid-2012. The Hartford, Conn., company builds aircraft engines, helicopters, elevators, and other industrial systems.The offering comes on the same day that Pratt & Whitney, United's largest unit by net sales, said it would lay off 300 salaried employees in an effort to contain costs.The bond deal consists...Kraft Foods Inc. (KFT) said Friday that the Internal Revenue Service has provided a favorable ruling confirming the tax-free status of its planned North American gro...
Kraft Foods Inc. said Friday that the IRS has provided a favorable ruling confirming the tax-free status of its planned North American grocery spinoff. "This favorab...
Bill Ackman's Pershing Square Capital Management L.P. reported a significantly reduced stake in Kraft Foods Inc. (KFT), while keeping his other holdings largely unch...
Diamond Foods Inc. (DMND) named former Hostess Brands Chief Executive Brian J. Driscoll as its new president and chief executive, three months after the snack-food c...
Diamond Foods Inc tapped food and beverage industry veteran Brian Driscoll as its new CEO to lead turnaround efforts after an accounting scandal tarnished the compan...
The Nasdaq was on course for its biggest decline of the year after a worrying reading from the jobs market raised concerns about the pace of U.S. economic growth and...
Kraft Food Inc.'s (KFT) first-quarter earnings rose 1.8%, with the food heavyweight posting strong sales growth in Europe despite shaky conditions on the continent, ...
Kraft Food Inc.'s (KFT) first-quarter earnings rose 1.8% as higher prices helped boost the packaged-food giant's revenue, though increased input costs continued to w...
Kraft Foods late Thursday reported first-quarter profit rose 1.8% to $813 million, or 46 cents a share, from $799 million, or 45 cents a share, in the same 2011 peri...
Kraft Foods Inc reported quarterly profit on Thursday that was slightly ahead of Wall Street estimates, helped by price increases and an earlier Easter holiday.North...
Bill Ackman's $11 billion Pershing Square Capital Management L.P. posted a nearly 1% gain for its funds last month, despite choppy equity market conditions.The $4.8 ...
These seven stocks reached 52-week highs:The share price of Kraft Foods (NYSE:KFT) went up today, reaching and then surpassing its previous 52-week high of $39.54. T...
United Technologies Corp. (UTX) has hit the U.S. bond market with a six-part benchmark deal to help it finance its $16.5 billion takeover of Goodrich Corp. (GR).A de...
Kraft Foods (NYSE:KFT) shareholders have overwhelmingly agreed to name the company's global snacks business "Mondelez International," another step closer to completi...
CHICAGO ( -- Kraft Foods said Wednesday that its shareholders had overwhelmingly voted to approve a change in the company's name to Mondelez International, to be eff...
Kraft Foods Inc. (KFT) lowered the prices of several U.S. coffee products as the cost of coffee beans continues to slide.Bridget MacConnell, a Kraft spokeswoman, att...
FBN’s Lori Rothman with an afternoon market update, plus what’s ahead at this weekend’s G-8 Summit.
FBN's Tracy Byrnes breaks down afternoon market news.
Kraft Foods said on Friday it is has reduced prices on many of its coffees in the United States, including its flagship brand Maxwell House, by approximately 6 perce...
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