1.
U.S. markets recover from steep losses
LONDON, July 10 (UPI) -- Kraft Foods Inc. will spend about $1.1 billion to buy Britain's iconic United Biscuits, a noted maker of cookies.
The non-cash deal includes debt assumption, the Financial Times reported Monday. Kraft, the world's second-largest food maker, owns such brands as Maxwell House coffee and Oscar Mayer meats.
The big acquisition comes just days after Kraft's board ousted Chief Executive Officer Roger Deromedi and replaced him with Irene B. Rosenfeld.
|
|
|
|
|
|
| Additional Business News Stories | |
WASHINGTON, May 23 (UPI) --
The planned Keystone XL oil pipeline would move oil away from refineries that produce gasoline, increasing prices, the National Resource Defense Council says.
|
MELBOURNE, Fla., May 23 (UPI) --
Northrop Grumman says its Military Airworthiness Certification is closer for its re-engined EC-8 Joint Surveillance Target Attack Radar System aircraft.
|
The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
|
What if Europe turned out to be the new Japan?
|
| Stories | Photos | People | Comments |
View Caption
