Food manufacturer Kraft Foods has scrapped nearly three-quarters of the staff at British confectionery giant Cadbury’s headquarters, it has been reported.The Independent has learned only 45 of the 165 senior managers at the Cadbury headquarters have been given new roles in Kraft’s expanded business.Kraft, whose global headquarters is based in Chicago, US, has made the remaining 120 managers redundant.”We always were clear that the global head office would be in Chicago and therefore that the UK-based head office employees would go into a consultation about redundancy,” the news provider reported a Kraft spokesperson as saying.Kraft has received significant criticism from various UK organisations this year following its £11.9 billion takeover of Cadbury.During the acquisition bid, Kraft said it would keep Cadbury’s Somerdale Curly Wurly factory, near Bristol, open.But, after a deal was reached between itself and the British confectioner, it reneged on its pledge.
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Kraft scraps ‘almost 75% of Cadbury jobs’
July 6th, 2010 
Before You Invest 
Posted in Finance Fraud 
Tags: Acquisition, Bid, Bristol, Cadbury, Confectioner, Consultation, Food Manufacturer, Giant, Global Head, Global Headquarters, Jobs, Kraft Foods, Pledge, Redundancy, Senior Managers, Somerdale, Spokesperson, Takeover, Three Quarters, Uk Organisations 
Comments OffMore Wore Wires in Bid to Investigate Inside Trades in Galleon Case
March 11th, 2010 Before You Invest The Wall Street Journal- Federal prosecutors in Manhattan equipped several cooperating witnesses with recording devices to try to obtain information about targets in the Galleon insider-trading probe, people familiar with the matter say. Among them is Franz Tudor, a former Galleon Group hedge-fund trader, the people familiar with the matter say. Mr. Tudor, 36 years ancient, made recordings last year in an attempt to extract information from two friends and colleagues who are defendants charged in an insider-trading conspiracy, Zvi Goffer (left) and Michael Kimelman, the people say.more at http://online.wsj.com/article/SB10001424052748704145904575112132401351258.html
Posted in Finance Fraud Tags: Attempt, Bid, Colleagues, Conspiracy, Federal Prosecutors, Fund Trader, Galleon, Galleon Group Hedge Fund, Goffer, Insider Trading, Manhattan, People Online, Targets, Trades, Tudor, Two Friends, Wall Street, Wall Street Journal, Wsj, Zvi Comments OffPeter Schiff Announces Candidacy For CT Senate Seat
September 18th, 2009 Before You Invest Money manager Peter Schiff, president of Euro Pacific Capital launched his much-anticipated bid to run for Connecticut’s senate seat challenging Christopher Dodd.The announcement came as no fantastic surprise. There have been multiple reports, it was teased on a twitter feed and a grassroots group of California liberatarians have been pushing for Schiff to run for months.Schiff joins a crowded field for the Republican nomination, one that already includes State Sen.
Posted in Finance Fraud Tags: Ambassador, Bid, Candidacy, Ceo, Christopher Dodd, Cnbc, Connecticut, Grassroots Group, Liberatarians, Linda Mcmahon, Money Euro, Money Manager, Peter Schiff, Republican Nomination, Rob Simmons, Sam Caligiuri, Senate Seat, Surprise, Tom Foley, World Wrestling Entertainment No Comments »Marcus Schrenker faces nearly $9 million in potential and actual judgments and legal claims
January 20th, 2009 Before You Invest Indiana financial manager who parachutedfrom a small plane in a suspected bid to fake his death handledlucrative accounts in several states for years despite repeatedaccusations that he was bilking investors.Regulators in at least three states were warned about MarcusSchrenker, in one case as early as 2002.
