Word: bidness
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Three weeks after a $17 billion bid by food giant Kraft - expected to be detailed in offer documents circulated among shareholders from Friday - the tussle to take over tasty British confectioner Cadbury shows no signs of melting. In rejecting Kraft's hostile offer last month, Cadbury labeled it "derisory." Now U.S. rival Hershey has said it's mulling a bid of its own while Italy's Ferrero has also expressed an interest in gobbling Britain's favorite chocolate maker. While some doubt those companies' ability to come up with the money for such a big target, there are no such...
...powers that be are taking away Jack Donaghy's microwave ovens. The cast of 30 Rock - a show about a fictional program on a very real TV network - will have to find a new target to make fun of, now that cable giant Comcast has finalized its bid on a majority stake in NBC Universal. If the plan gains final approval from government regulators, Comcast will have effectively bought a controlling 51% stake in the entertainment company from General Electric in a deal worth some $30 billion. As GE's vice president of East Coast television and microwave-oven-programming...
...what they should be. Peter Wallace, an Australian business consultant who has lived here for 30 years, says tackling corruption is the "number one" election issue for foreign investors. Over the past years, the Philippines has generally slipped in the rankings of global corruption surveys. And Aquino's bid for the presidency taps a yearning for the honesty in government demonstrated during his mother's terms. To be sure, the economy peaked under Arroyo's leadership, expanding 7.2 per cent in 2007 before being punctured by the global recession. But allegations of vote-rigging in 2004's polls and corruption...
...Toranagallu, the Jindal plant continues to expand as the company pursues carbon credits by generating power through the burning of waste gas created during steel manufacture. In a bid for more carbon dollars, a second power plant was built. "The carbon revenues were a major factor in taking up these projects," says Suresh Iyer, the chief coordinator of carbon trading at Jindal South West. If a project is reducing carbon, he says, "we do take the initiative and put up the plant because of that." The second plant, which Iyer estimates cost the company $50 million to build, was approved...
Massachusetts Congressman Edward J. Markey announced his endorsement Tuesday of fellow Congressman Michael E. Capuano in his bid for the vacant Senate seat of the late Edward M. Kennedy...