City of Industry, CA --(www.USEquityNews.com)-- 10/31/2007 - Consumer Goods industry alert provided by U.S. Equity News. Kraft Foods Inc. (NYSE: KFT) recently announced that it has signed final agreements to acquire the global biscuit business of Groupe Danone for €5.3 billion in cash subject to purchase price adjustments. This follows the announcement of Kraft’s offer in July which, according to French law, was subject to consultation with Danone’s works councils. The recent conclusion of these consultations has allowed the Danone Board of Directors to approve the transaction and both parties to sign the final sale agreement.

Kellogg Co. (NYSE: K) reported a 9 percent increase in third-quarter earnings recently, but its profit forecast for 2008 was lower than Wall Street's prediction. It said rising prices for the ingredients that go into its flagship corn flakes, Keebler cookies, Pop-Tarts pastries and Eggo waffles were limiting profit growth. Pablo Zuanic, a securities analyst with JP Morgan, wrote that Kellogg's shares were also being hurt by overall sales growth that was below expectations.

Shares of Corn Products International Inc. (NYSE: CPO),which makes corn-based ingredients for food and industrial products, dropped sharply recently after its third-quarter profit missed Wall Street analysts' estimates. Shares fell $7.13, or 14.8 percent, to $41.16 in afternoon trading. Before the market opened, Corn Products said it third-quarter profit rose 38 percent on higher sales and a one-time gain on its holding in Chicago Board of Trade Holdings Inc., which combined with Chicago Mercantile Exchange Holdings Inc. in July to form CME Group Inc.

NutraCea (OTCBB: NTRZ), a health science company and a world leader in stabilized rice bran (SRB) nutrient research and technology whose products include food supplements and medical foods, which provide health benefits for humans and animals recently announced that it has retained the Financial Relations Board (FRB) for investor relations services and an expanded communications program among the investment community.

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