Altria sets Kraft spinoff for March 30
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Altria Group Inc.  on Wednesday said it plans to spin off its 89 percent stake in Kraft Foods Inc.  on March 30, completing the long-awaited separation of the maker of Oreo cookies from the Philip Morris tobacco companies.
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Altria Group Inc., the owner of cigarette maker Philip Morris and Kraft Foods Inc., may separate into two or three units after tobacco litigation dragged down the stock.
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Kraft Foods Inc., the owner of Oscar Mayer Foods Corp., Madison, said Monday that it will sell its sugar confectionery business, including the Life Savers and Altoids brands, to chewing gum and candy maker Wm.
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MONTREAL (CP) - Alcan has filed its preliminary prospectus on the spinoff of its rolled-products division. The new company is to be turned over to Alcan shareholders as a separate business under the name Novelis.
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SCOTTSDALE, Arizona  - Alberto-Culver Co Inc.  plans to name Kraft executive Ralph Nicoletti as its chief financial officer on Monday, the company's chief executive told Reuters on Thursday.
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Altria Group said on Wednesday it plans  to spin off its international tobacco unit but will not give  details on the timing on the much anticipated move until  January.
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Danone is in exclusive talks to sell its biscuit and cereal unit to the world's biggest cookie maker, Kraft Foods, for 5.3 billion euros ($7.20 billion) in cash, the food groups said on Tuesday.
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Altria Group Inc., the parent company of cigarette maker Philip Morris and Kraft Foods Inc., may split into three separate units to improve shareholder value, according to Chief Executive Louis Camilleri.
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The board of the parent company of Philip Morris USA and Philip Morris International is to meet next week to decide whether to spin off the international arm of its cigarette business, The New York Times reported on Saturday.
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Altria Group Inc.  said it plans to move  its U.S.-based cigarette production for non-U.S. markets to its  facilities in Europe and will close its Cabarrus, North  Carolina manufacturing facility by the end of 2010.
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The Altria conglomerate&#39;s possible breakup raises questions for workers in the Kraft foods and information technology divisions in Hanover Township.
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Altria announces plans to spin off its Philip Morris International tobacco arm, allowing it to focus on emerging markets.
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Altria Group Inc.  on Wednesday said quarterly profit fell 6.9 percent, weighed down by one-time charges at its Kraft Foods business and increased exposure to airline industry losses at its financial services unit.
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Altria Group Inc. (MO.N: Quote, Profile, Research) is preparing to split up the company or find another means of &quot;maximizing shareholder value&quot; when tobacco litigation hurdles are cleared
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Altria Group said on Wednesday it plans to spin off its international tobacco unit but will not give details on the timing on the much anticipated move until January.
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Kraft Foods Inc said on Tuesday it has  struck deals with Starbucks Corp and Bosch Household Appliances  to fuel growth of its Tassimo hot beverage system, which the  company said was on track to become a $200 million brand by  year&#39;s end.
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French food group Danone  is in  exclusive talks to sell its biscuit and cereal snack unit for  5.3 billion euros ($7.2 billion) in cash to Kraft Foods Inc  , the world&#39;s biggest cookie maker, they said on  Tuesday.