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The food maker reported first-quarter income and revenue that beat the forecasts of Wall Street analysts as it increased sales and cut costs following its split from its global snack business.
NPR: Stocks Surge To New Highs After Hiring Climbs
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One frustrated shareholder, Thomas Shrager, a partner at the money manager Tweedy, Browne in New York, last year proposed to split the German conglomerate (FORBES GLOBAL, Apr. 30, 2001).
FORBES: Bayer backs down
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Kraft is preparing to split itself into two businesses: a global snack firm and a North American grocery business.
FORBES: Thanks to North America, Kraft Q4 Profit Jumps 54%
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California-based Fisker Automotive recently established a European office in Munich, Germany and has publicly stated that both the Fisker Karma Sedan and 'Project Nina' lines are global vehicles with sales likely to be split equally in the US and Europe (40% each), with Asia (20%) providing the remainder.
ENGADGET: Fisker inks BMW deal, Nina EVs gain Ultimate Driving Machine DNA
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His vision is clear: He wants to become a global player, with a 50-50 split between domestic and international sales by 2020.
FORBES: Billionaire Tony Tan Caktiong Takes Jollibee Foods Global
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Kraft Foods, the maker of everything from Easy Mac to Oreo cookies, plans to split up into two businesses Thursday, and based on the current landscape in the global economy one may be much more attractive than the other.
FORBES: Kraft To Divorce Oreos And Easy Mac In Breakup
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Two individuals managed to buy more than 110% of Global Links shares in the confusion after the 350-to-1 reverse split occurred.
FORBES: More Shots Fired In The Shorting War
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Data obtained under a Freedom of Information Act request by David Patch, a well-known blogger in the movement to eradicate manipulative naked short-selling, showed an astonishingly high degree of trade settlement failures in Global Links shares in the days and weeks following a 350-to-1 reverse split in February 2005.
FORBES: More Shots Fired In The Shorting War