WACO COMPANIES - UPDATE: Kraft Feeling Pressure From Retailer Inventory Cuts - CNN Money WACO COMPANIES - UPDATE: Kraft Feeling Pressure From Retailer Inventory Cuts - CNN Money

Wednesday, February 4, 2009

WACO COMPANIES - UPDATE: Kraft Feeling Pressure From Retailer Inventory Cuts - CNN Money

NEW YORK -(Dow Jones)- Kraft Foods Inc. (KFT), which on Wednesday cut its 2009 guidance, said it's being hurt by retailer inventory reductions and expects some of that pressure to continue in the first quarter. On a conference call, Kraft executives in Dow Jones News >

LONDON -(Dow Jones)- Russian Finance Minister Alexei Kudrin said Wednesday that the country's government will soon expand its support to Russian banks by $40 billion. In a speech in London, Kudrin also said state support in business was only of a in Dow Jones News >

I'd like to make a comment on the "Dow Theory" today: Since there were several write-ups circulating Tuesday about a new "bear-market signal" given by the theory on Monday, it is worth addressing. Some analysts were all atwitter, saying that Monday's in Dow Jones News >

WASHINGTON (AP) - Federal health regulators are looking into evidence that an Eli Lilly drug used to treat blood poisoning worsens the risk of bleeding and can lead to death in certain patients. The Food and Drug Administration said Wednesday a in Dow Jones News >

RIO DE JANEIRO (Dow Jones)--Brazilian state-run energy giant Petroleo Brasileiro (PBR) waded into international financial markets Wednesday, starting its efforts to finance a $174.4 billion strategic plan with a 10-year bond issue. A term sheet in Dow Jones News >

NEW YORK — Wall Street is fluctuating in early trading amid disappointing earnings reports and questions about Washington's efforts to revive the economy. The Senate is getting closer to passing a $900 billion stimulus plan. Meanwhile, Kraft Foods in Dow Jones News >

TRAVERSE CITY -- Home sales in the Grand Traverse region perked up in December, reflecting a national trend in a battered housing market that saw upswings in sales in the South and Midwest. Housing sales in the five-county Grand Traverse area in Dow Jones News >

LONDON (Reuters) European shares closed sharply higher on Wednesday, with banks, oils and miners rising after economic data in the U.S. proved not as downbeat as predicted. The FTSEurofirst 300 index of top European shares rose 2.4 percent to in Dow Jones News >

WASHINGTON — President Barack Obama's Cabinet is about to be completed — again. A White House official says the president plans to formally nominate Sen. Judd Gregg, a New Hampshire Republican, as his commerce secretary Tuesday, filling the last in Dow Jones News >

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