Cadbury PLC was Britain’s most famous confectioner, a household name that brought happiness to children across the world. Following two hundred years of both corporate and social success, Cadbury was faced with an immense issue: a hostile takeover by the massive international corporation known as Kraft Foods Inc. This is the story of how this [...]
Monthly Archives: February 2010
A Timely Tale of Chasing Chocolate, Kraft’s Acquisition of Cadbury
Posted on February 27, 2010 – 8:42 PM
Live and Let Die
The fumbling giant that is General Motors has made headlines once again. GM’s plan to sell its Hummer division to Chinese engineering company Sichuan Tengzhong Heavy Industrial Machines Co. (Tengzhong) fell through this past Wednesday, and it appears that the brand will be phased out much like its Pontiac and Saturn counterparts.
As a condition of [...]
Posted on February 25, 2010 – 1:58 PM
The Rising Yuan
China’s currency is currently valued at approximately 6.80 yuan per U.S. dollar. The United States government has been trying for years to convince China to revalue the yuan. The government officials cite foreign exchange manipulation and unfair trading practices as reasons for a revaluation. The worldwide economic crisis has brought the argument to the forefront [...]
Posted on February 23, 2010 – 8:18 PM
The Past and Future of Gasoline Prices
The latest world-wide economic downturn has caused consumers everywhere to alter their spending. Whether it is something as simple as having to invest less in their monthly entertainment routine, or something bigger, such as altering how they got to work or school, the latest recession has affected all consumers. Furthermore, the public may also remember [...]
Posted on February 22, 2010 – 10:03 PM
The Economics of Pirates
What had once seemed like a rare occurrence has now snowballed into a pressing issue; attacks from Somali Pirates have become a serious problem for various oil tankers and crew ships. In 2009 approximately 217 vessels have been attacked accounting for ransom payments totaling between $60 to 80 million. The number of Pirate attacks [...]
Posted on February 22, 2010 – 5:58 PM
Basel Committee Proposes New Bank Regulations
The financial crisis and recession of 2008 and 2009 has exposed flaws in the global financial system. As we enter 2010, regulators and governments are now are considering radically restrictive regulations proposed by The Basel Committee on Banking Supervision. The committee is spearheading financial reform worldwide with the release of a new consultative proposal aimed [...]