Newspaper wrap-up 7-26-07: Berkshire invests in Kraft

Posted Jul 26th 2007 9:15AM by Eric Buscemi
Filed under: Newspapers, Magazines, Coca-Cola (KO), Berkshire Hathaway (BRK.A), New York Times'A' (NYT), Dow Jones and Co (DJ), Kraft Foods'A' (KFT)

MAJOR PAPERS:

• Warren Buffett's Berkshire Hathaway Inc (NYSE: BRK.A) acquired a stake in Kraft Foods Inc (NYSE: KFT) that was below 5%, the Wall Street Journal (subscription required) reported.
• R.H. Donnelley Corporation (NYSE: RHD) has paid about $350M for Business.com, the marketing directory Web company, beating out Dow Jones & Co. (NYSE: DJ) and the New York Times Company (NYSE: NYT) in the process, according to the Wall Street Journal.
• Callaway Golf Company (NYSE: ELY), which closed Wednesday at about $17.42, could swing lower as the peak summer season wanes amid continued concern about overall consumer discretionary spending, according to Barron's Online's (subscription required) "Weekday Trader" section.

OTHER PAPERS:

• The U.K. Times reported that the global debt market crisis may delay or cancel the sale of Cadbury Schweppes plc's (NYSE: CSG) U.S. drinks arm.
• Coca-Cola (NYSE: KO), Wipro Limited (NYSE: WIT) and Danone are in talks with Ramesh Chauhan to buy Bisleri, the bottled water brand that has become a generic name for the product category, reported the Economic Times.

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Reader Comments (Page 1 of 1)

1

7-26-2007 @ 10:09AM

William Martin said...

I'm glad I'm holding Kraft and so are my grandchildren for now.