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GuruFocus Updates (Free subscription) | yesterday
By Mike Covello. We know that Berkshire bought $2.3 billion of common stocks during the third quarter, and Friday we will find out exactly what Warren has been buying. Read more » »
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Money Morning (Free subscription) | yesterday
By Don Miller Associate Editor Money Morning Kraft Foods Inc. (NYSE: KFT) yesterday (Monday) refused to sweeten its $16.4 billion offer for Cadbury PLC (ADR NYSE: CDY). Instead, the North American... Money Morning is here to help investors profit handsomely on this seismic shift in the global economy. Money moves markets. But Money Morning lets you move first.
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AXcess News (Free subscription) | yesterday
Kraft Foods (NYSE: KFT) hopes to see some Cadbury Plc (NYSE: CBY) share certificates dangling from its holiday stocking after making a hostile bid of $16.4 billion to buyout the UK-based maker of creamed eggs and chocolates.
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BloggingStocks (Free subscription) | yesterday
Filed under: Deals , Kraft Foods'A' (KFT) Ahead of the pre-determined deadline, Kraft ( KFT ) decided to launch its formal offer for U.K.-based chocolate maker Cadbury ( CBY ). KFT announced that the cash-and-stock bid is worth $16.46 billion (9.8 billion pounds) or 717 pence per U.K.-listed CBY share. At that rate, KFT said the bid is 37% higher than CBY's July 3 close. KFT added that no other potential...
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Business Wire (Free subscription) | 11/05/2009
CHICAGO--(BUSINESS WIRE)--Zacks Equity Research highlights Novatel Wireless (Nasdaq: NVTL) as the Bull of the Day and The Corporate Executive Board (Nasdaq: EXBD) the Bear of the Day. In addition, Zacks Equity Research provides analysis on Automatic Data Processing (NYSE: ADP), Johnson & Johnson (NYSE: JNJ) and Kraft Foods (NYSE: KFT). Full analysis of all these stocks is available at http://at.zacks.com/?id=2678....
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The Business Insider (Free subscription) | 11/05/2009
American junk food giants say business is killing it. Dr. Pepper Snapple Group (DPS), maker of fine soft drinks, expects a fiscal year EPS of $1.92 to $1.96. Third quarter earnings shot up 42%, with a profit of $151 million, thanks in large part to lower manufacturing costs. Sara Lee (SLE) earned $230 million during Q3 and lifted its 2010 EPS view to 90 to 96 cents, also due to lower costs. Wendy's/Arby's...
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BAYSTREET NEWSWIRE (Free subscription) | 11/04/2009
Packaged foods giant Kraft Foods Inc. ( KFT ) said late Tuesday that its third quarter profit fell from last year, when results were bolstered by a big one-time gain, but results still beat analyst estimates. The Northfield, Illinois-based company posted third quarter net income of $824 million, or 55 cents per share, compared with $1.36 billion, or 91 cents per share, in the year-ago period. Last...
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SeekingAlpha Retail Stocks (Free subscription) | 11/04/2009
Kraft Foods ( KFT ) Q3 2009 Earnings Call November 3, 2009 5:00 pm ET Complete Story »
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GuruFocus Updates (Free subscription) | 11/04/2009
By 10qk. Kraft Foods Inc. ( KFT ) filed Quarterly Report for the period ended 2009-09-30. Read more » »
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Stocks to Watch Today (Free subscription) | 11/03/2009
Kraft Foods (KFT) is falling this afternoon after missing Q3 sales estimates but beating on the bottom line. Revenue fell 6%, year over year, to $9.8 billion, below the $10.32 billion estimate, yielding profit per share of 55 cents, ahead of the average 48-cent estimate. For the full year, the [...]
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PR News Wire (Free subscription) | 11/03/2009
NORTHFIELD, Ill., Nov. 3 /PRNewswire-FirstCall/ -- Kraft Foods Inc. (NYSE: KFT) today reported solid third quarter 2009 results fueled by strong profit performance across all geographies. Volume/mix, which improved sequentially from the second quarter 2009, was the key driver of organic net revenue growth and a significant contributor to income growth and margin expansion versus the prior year.
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MarketIntelligenceCenter.com (Free subscription) | 11/03/2009
Kraft Foods (NYSE: KFT) opened at $27.65. So far today, the stock has hit a low of $27.40 and a high of $27.70. KFT is now trading at $27.50, down $0.14 (-0.51%). The stock hit its 52-Week high of $30.53 in November and set its 52-Week low of $20.81 in March. Kraft is trading slightly lower today ahead of this afternoon's third quarter earnings release. The company is expected to report third quarter...
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Market Wire (Free subscription) | 11/03/2009
NEW DELHI, INDIA (MARKET WIRE) Wallstsense.com is an online community with a dedicated team of analysts who are providing free in-depth research on North American equities. Our analysts have issued complimentary analysis on the following six companies: EQT Corporation (NYSE: EQT), Johnson Controls Inc. (NYSE: JCI), Hershey Co. (NYSE: HSY), Kraft Foods Inc. (NYSE: KFT), Advance Auto Parts Inc. (NYSE:...
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SBUX - BloggingStocks (Free subscription) | 11/02/2009
Filed under: Earnings reports , Cisco Systems (CSCO) , Time Warner (TWX) , Starbucks (SBUX) , Kraft Foods'A' (KFT) Equity markets ended the third quarter with their biggest losses in four months, and we're now staring down the closing months of 2009 . Half the quarter, of course, is dominated by holiday sales, which ups the stakes at the finish line and sets the tone for the bulk of 2010. Even though...
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BloggingStocks (Free subscription) | 11/02/2009
Filed under: Options , Kraft Foods'A' (KFT) Kraft Foods (NYSE: KFT ) is expected to report Q3 EPS on November 3. KFT's $16.7 billion bid for Cadbury PLC (NYSE: CBY ) was rejected by CBY in September. KFT faces a November 9 deadline set by the U.K. Takeover Panel to make a formal offer for CBY. KFT November option implied volatility is at 25, December is at 24; versus its 26-week average of 25, according...