Finance Matters

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Posts Tagged ‘factory’

US factory orders up 1.2% in April

June 4th, 2010 | Author: Kay Murchie

The Commerce Department reported a rise in US factory orders, suggesting the US economy is continuing to grow strongly.
According to the Commerce Department, orders for manufactured goods grew 1.2% in April, easing slightly from the 1.7% rise in March.
The manufacturing sector has been one of the strongest performers, boosted by the recovery in domestic [...]

Posted in Finance Matters | Tags: All Financial News, April, Commerce Department, Economy News, factory, growth, jobs data, orders, recovery, rise, US | Comments Closed

Kraft criticised for factory closure u-turn

April 6th, 2010 | Author: Kay Murchie

US food giant, Kraft, has been criticised by a group of MPs today after the company pledged to keep open Cadbury’s Somerdale factory in Keynsham, but later decided to close the site following its takeover of the British confectioner.
Kraft, which made several hostile bids for Cadbury before shareholders finally agreed to a deal, initially said [...]

Posted in Finance Matters | Tags: All Financial News, Cadbury, closure, Committee, Company News, criticise, factory, irresponsible, Kraft, MPs, pledge, takeover, u-turn, unwise | Comments Closed

Kraft promises no further factory closures

March 16th, 2010 | Author: Kay Murchie

Marc Firestone, vice-president of US food giant, Kraft, has today appeared before MPs on the Business Select Committee and has apologised for the firm’s pledge to keep open Cadbury’s Keynsham factory.
Mr Firestone was questioned by MP’s over the company’s takeover of Cadbury. Kraft completed its takeover of the 186-year-old iconic British confectioner on 2 February [...]

Posted in Finance Matters | Tags: All Financial News, apology, Business Select Committee, Cadbury, closure, Company News, factory, job losses, Kraft, Marc Firestone, MPs, pledge, takeover, VP | Comments Closed

Kraft VP to be questioned over Cadbury factory closure

March 16th, 2010 | Author: Kay Murchie

Marc Firestone, vice-president of US food giant, Kraft, will appear before MPs on the Business Select Committee today.
Mr Firestone will be questioned by MP’s over the company’s takeover of Cadbury. Kraft completed its takeover of the 186-year-old iconic British confectioner on 2 February after a five-month battle.
Earlier this month, the US food giant was investigated [...]

Posted in Finance Matters | Tags: 'Cadbury's Law', All Financial News, Business Select Committee, Cadbury, City takeover panel, closure, Company News, factory, Kraft, Marc Firestone, misleading comments, pledge, question, takeover, Unite, vice-president | Comments Closed

Kraft facing inquiry over Cadbury factory closure

March 8th, 2010 | Author: Kay Murchie

US food giant, Kraft, is set to be investigated by the City takeover panel about whether it made misleading comments at the time of its takeover of British confectioner, Cadbury.
Kraft, which made several hostile bids for Cadbury before shareholders finally agreed to a deal, initially said a takeover of Cadbury would secure UK jobs, while [...]

Posted in Finance Matters | Tags: All Financial News, Cadbury, City takeover panel, closure, Company News, factory, investigation, Kraft, mislead, takeover | Comments Closed