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PAGE A16 Business KRAFT FOODS ANNOUNCES IT WILL SPLIT IN TWO The food giant Kraft Foods said that it planned to split into two businesses.
The food giant said on Thursday that it planned to split into two businesses.
It also announced plans to split into two businesses, one focused on UK shopping centres and the other on central London commercial properties.
In a letter posted on the Netflix Web site late Sunday night, the company's chief executive, Reed Hastings, apologized for the way he handled recent changes in pricing and subscription services, and announced that the company would split into two businesses, with the DVD-by-mail service to be renamed Qwikster.
E-commerce giant EBay, soon to be split into two businesses, today reported its third-quarter earnings.
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WMC, an Australian producer of alumina, nickel and copper, said on Nov. 21 that it was rejecting a takeover bid by Alcoa and splitting into two businesses, partly to encourage competitive bids for its constituent parts.
Investors are hardly toasting the plan by Fortune Brands, maker of Jim Beam and Maker's Mark, to split into three businesses.
The conglomerate will formally split into three businesses, water technology and defense firms created through tax-free spinoffs to shareholders, and ITT, which would retain the motion technologies business.
On Time Warner's earnings call today, CEO Jeff Bewkes said the company will split AOL into two businesses: the dying access subscription business and the growing advertising network, Platform A. This comes a day after AOL picked up buy.at, an affiliate marketing network, and a few days after it bought Goowy, a Flash-based Webtop.
It provides a five-year forecast of cloud services revenue worldwide, split into four business-size segments, four channels to market and eight geographical regions (see Figure 2).
The time is ripe to split the company into two businesses — enterprise systems and computer hardware — each with roughly $60 billion in revenue, positive cash flow and solid profitability.
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