Philip Morris to Acquire Nabisco in $15 Billion Deal
New York AP Philip Morris Companies Inc owner of Kraft Foods said it will buy Nabisco Holdings Corp the nation s leading cookie and cracker maker for 14.9 billion plus 4 billion in debt. The bid ended a bidding war with Danone Cadbury and Carl Icahn. Nabisco makes Ritz Oreo Life Savers and more while Kraft covers Jell O. The combined entity would rank second to Nestle with about 34.9 billion in revenue last year.
MENTIONED IN THIS ARTICLE
New York
Philip Morris Companies Inc
Kraft Foods
Nabisco Holdings Corp
Philip Morris
Benson & Hedges
Cadbury
Nabisco
Nabisco Holdings
Nabisco Group
Parsippany
N.J
RJ. Reynolds Tobacco
RJR Nabisco
Kraft
Nestle
Switzerland
Immigrant day labor workers decry poverty in Chicago
Lucila Flores and co workers faced firing after complaining of low wages and poor conditions at unlicensed temp agencies. The rise of day labor sees thousands lining up daily for minimum wage work, often without benefits, with advocates pressing for regulation and not for profits.
MENTIONED IN THIS ARTICLE
Chicago
Lucila Flores
Flores
Temp
Mexico
Paradise
New York
Silicon Valley
Boston
Atlanta
Portland
Ore
Labor Ready
Washington
Illinois
Kelly
Aaron Griffin
Griffin
Chicago Coalition For the Homeless
National Employment Law Project
Nikolas Theodore
Center For Urban Economic Development
University of Ilinois At
Barry Poticha
Ron
Poticha
Shannyn Roberts
Cathy Ruckelshaus
Ruckelshaus
IBM to unveil memory doubling tech for computers and servers
IBM plans to reveal a memory doubling technology that encodes data to use half the space and caches frequently used data to speed access. The chip, part of Memory eXpansion Technology, targets Neffinity servers with Intel processors and could extend to desktops and handheld devices.
MENTIONED IN THIS ARTICLE
IBM
New York
International Business Machines Corp
Matthew McMahon
Protesters press gay rights at Presbyterian convention
Hundreds of gay rights activists gathered outside Long Beach arena during the Presbyterian Church U S A General Assembly worship service to urge leaders to bless same sex unions and allow homosexual ministers. Protesters, about half Presbyterian, stood in a courtyard while 8 200 worshippers entered the arena as church leaders debated blessings and staffing policies for gays. The friendly exchange with clergy and attendees marked a tense clash over denomination rules in a week of policy setting.
MENTIONED IN THIS ARTICLE
Long Beach
Calif
Presbyterian Church
James Anderson
New Brunswick
N.J
General Assembly of the Church
U.S.A
Anderson
Houston Hodges
Huntsville
Ala
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Geoffrey C. Bible
THE
University OF Illinois AT Chicago
Cued.uk
Laborready.com
Workingtoday
Intel
Mark Melenovsky
International Data Corp
Presbyterian
Cail Us
Ahi-Texas.com
shAyya
Eee
A Please Call Water Systems
WN. Golder
Annies
Selby Easy Spirit
J-Renee
Clarks Hush
Bruno Valenti
Lis
Ts Ae
IN & Country
E. University
Odessa
E. University Blvd
Market Place
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