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Beef recall announced over E. coli fears
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.
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| Additional Business News Stories | |
ISLAMABAD, June 19 (UPI) --
Pakistan said it would brief the International Monetary Fund on plans to address the energy crisis as part of a financial bailout package.
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SAO JOSE DOS CAMPOS, Brazil, June 19 (UPI) --
Brazilian aircraft maker Embraer hopes to continue building up its sales of private jets at the same time as it expands capacity in defense, security and tactical transport.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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