Stocks in the News: Kraft, Cadbury, Apple, Ford, Google


The following is a round-up of news likely to affect stock prices today:

Kraft Foods (KFT) boosted its offer for British candy maker Cadbury (CBY) following Monday's announced $3.7 billion sale of Kraft's pizza business to Nestlé. The sweetened offer increases the amount of cash in the deal. Cadbury turned down a prior bid by Kraft, saying it undervalued the company, best known for its chocolate and creme eggs. It had been thought Nestlé might be gearing up to bid for Cadbury following news Monday that the Swiss chocolatier agreed to sell its stake in eye-care company Alcon (ACL). But Nestlé said it is not interested in challenging Kraft's offer.