Word: ferrero
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...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 worries with Nestlé, the Swiss food behemoth who is also said to be contemplating an offer...
...What's so great about Cadbury? The world's second-largest chocolate company would give Kraft and Ferrero muscle in markets where they are weak. Hershey, meantime, already knows what it's like to team up with the Brits; it's owned the license to the Cadbury brand in the U.S. for years. Like Nestlé, it would probably rather not stand by and watch a combined Cadbury-Kraft become the most powerful chocolate maker in the galaxy. (See pictures of what the world eats...
...task was simple. Tasters sampled a range of chocolates made by Cadbury, Hershey's, Kraft, Nestlé and Ferrero and were then asked to pick a winner in each of four categories. The candies were also put through a separate test to measure how much they might stick together when transported for long distances in my pocket, conditions accurately recreated by placing the chocolates under a desk lamp for a few hours. It was important to ensure that everyone received the same-sized portion of each chocolate, a rule I altered only after people left my office feeling sick...
...Carlyle Group, will join the Company at the end of June. The appointment comes at a crucial time, with University officials scrambling to adjust budgets to accommodate a projected 30 percent drop in the endowment for the fiscal year. HMC’s previous director for real estate, David Ferrero, stepped down in Aug. 2007, according to money management newspaper Pensions & Investments. HMC announced in February that it would lay off roughly a quarter of its 200 employees, mostly support staff, in an attempt to “re-balance and re-engineer the organization.” Real estate...
...pushing Belarus on the need to adopt political reforms. E.U. External Relations Commissioner Benita Ferrero-Waldner has noted progress, with the release of political prisoners and registering of NGOs and newspapers. But she also said recently that while the E.U. was looking to "reach out" to Belarus, "for that to happen, we want to see more of the political reforms...