According to the latest news, Cadbury is being acquired by the American food major, Kraft Foods. Nearly 71.73% of Cadbury shareholders are interested in this offer. After the acquisition materialises, it would result in one of the largest food companies in the world.

Looking forward to its expansion in the growing potato chip market, Diamond Foods Inc. has agreed to acquire Kettle Foods for $615 million.

Flash memory card makers SanDisk Corp., and Seagate have started shipping their largest ever storage SD cards and SATA drives respectively.

In a Monday confirmation, retail giant Wal-Mart said that it is buying the online movie service ‘Vudu’; and added that the deal – the financial terms of which remain undisclosed - is likely to materialize in the coming weeks.

Federal Signal Corporation, a leader in environmental, safety and transportation solutions, today revealed that it has amended its definitive agreement with Sirit Inc., a global provider of radio frequency identification technology.

As was confirmed by both the parties involved on Friday, Germany's E. ON Ruhrgas, which is one of Europe's biggest and top-ranked gas buyers from Russia, has officially completed talks on more flexible and easy gas purchasing contracts with Gazprom, the state export company.

Regarding the issue of deal between Yahoo and Microsoft to pose a challenge for the market heading Google, the unconditional approval by U. S. Department of Justice is being awaited. This information comes as a source reveals to the New York Post about the deal. The approval to the search agreement is expected to bless Microsoft and Yahoo within 20-30 days.

Warner Brothers has taken a significant step forward in its efforts to protect the sale of its DVDs at a time when the home entertainment format is steadily declining, after agreeing upon a deal with Redbox, the DVD kiosk operator that rents out discs at the price for $1 for a day.

The Royal Bank of Scotland Group PLC informed on Tuesday that joint-venture commodities unit RBS Sempra Commodities has decided to sell off its metals, oil and European energy businesses to J. P. Morgan Chase Co., an investment bank for $1.7 billion. RBS, almost 84% owned by British Government, said that it will get 47% of the sale price with a very less gain on the deal.

Official reports have confirmed that the giant US telecommunications services provider AT&T has selected Ericsson and Alcatel-Lucent to join hands and effectively build its new LTE high-speed wireless technology network, marking a major order for both the operators.