Kraft CEO Irene Rosenfeld will likely make a formal bid for Cadbury over the weekend, a source close to Cadbury said. Rosenfeld predicted after hours yesterday that her company’s net revenue would grow two percent this year, instead of three percen… more …

As the recession took a toll on many companies, many shoppers moved to private label or store brand products to save money. The trend had some food companies worried and they countered with price reductions to avoid losing market share. But as the gaining popularity of store brands has leveled out, companies are able to [...]