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...What's more, "we persist in our belief that neither Nestlé nor Hershey will willingly stand by and be marginalized into distant No. 3 and No. 4 positions in global confectionary," London-based analysts at investment bank Jefferies International wrote in a note to clients on Tuesday. A possible joint Nestlé-Hershey bid to break up Cadbury - with Pennsylvania-based Hershey taking the bulk of its chocolate business and Switzerland's Nestlé swallowing the rest along with Cadbury's gum brands - "would seem to make sense," the analysts said...

Author: /time Magazine | Title: Despite Two Rebuffs, Kraft Is Still Sweet on Cadbury | 11/10/2009 | See Source »

...argues that this game isn't part luck and part skill - only how much of each is involved. So the heads-up play that started at 1 a.m. E.T. on Tuesday and pitted the unassuming Moon against the calculating Cada was apropos. Cada, from the Detroit area, risked alienation from his parents to participate. He cut his poker teeth in online play as a teenager; against his parents' will, he quit college to play cards for a living. But he soon won enough to pay cash for his house and managed to reconcile with Mom and Dad, who were...

Author: /time Magazine | Title: 21-Year-Old Wins World Series of Poker | 11/10/2009 | See Source »

...tried to tease out the difference between his "Commander in Chief moment" and his "pastor-in-chief role," as various TV pundits undertook to do while waiting for President Barack Obama to speak at a memorial service Tuesday for the men and women killed last week in the massacre at Fort Hood. Televised speeches now come larded in so much analysis, before and after, that it becomes almost impossible to connect with them in a genuine, visceral way. (See pictures from Fort Hood...

Author: /time Magazine | Title: Obama's Fort Hood Speech: Lost in Translation | 11/10/2009 | See Source »

...President Barack Obama, who is just a week away from his first visit to South Korea as head of state, needed a reminder of just how tense the Korean peninsula remains, he got one on Tuesday. For the third time in the past decade, the North and South Korean navies exchanged fire in disputed waters in the Yellow Sea, off the peninsula's west coast. According to the South Korean joint chiefs of staff, a North Korean gunboat ventured about a mile into what Seoul claims is its territorial waters. The South Koreans issued verbal warnings and then fired warning...

Author: /time Magazine | Title: Before Obama's Visit, a New Clash Between Koreas | 11/10/2009 | See Source »

...episode late Tuesday morning only intensifies the deeply strained relations between the two Koreas. Earlier this year, North Korean dictator Kim Jong Il staged a bit of a charm offensive, ending a period of silence while he recovered from a stroke. Kim said he would again agree to talks about his nuclear program, and he hosted former President Bill Clinton in Pyongyang, who traveled to the North to win the release of two U.S. journalists who had been arrested there. But there's little sign of any thaw with Seoul. Pyongyang has been infuriated that South Korean President Lee Myung...

Author: /time Magazine | Title: Before Obama's Visit, a New Clash Between Koreas | 11/10/2009 | See Source »

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