Kraft Foods to expand China presence

Oreo products packaged for distribution in China. (Lane Christiansen /Tribune)

Kraft Foods, North America’s largest food company, is looking to double the number of Chinese cities in which it distributes Cadbury products within the next two years, its China head said on Monday.

The number of cities in China in which Cadbury confectionary is sold would rise to about 40 by tapping Kraft’s distribution network, Lorna Davis, president and chairman of Kraft’s China operations told Reuters in an interview on the sidelines of the World Economic Forum in China. Get the full story »

Final season of ‘Oprah’ begins today

The 25th and final season of “The Oprah Winfrey Show” starts airing Monday. And Winfrey has already hinted she’s going out in style. In recently released video of the season’s first episode, the TV talk show host and actor John Travolta dance hand-in-hand through her stage doors to “Love Train” by the O’Jays. Get the full story »

Dollar Thrifty accepts $1.4B bid from Hertz

Dollar Thrifty has accepted a new bid of about $1.43 billion from Hertz, which is battling Avis for the rental car company.

Apple to end free iPhone case program Sept. 30

Apple Inc. said on Friday it will end its free iPhone case giveaway at the end of September, saying the antenna problem was smaller than the company originally thought.

However, Apple said it wanted to continue to provide a free case to the “small percentage of iPhone 4 users” who need one.

Apple announced in July it would provide free iPhone 4 cases to those who requested one, after some users reported reception problems when they handled the smartphone in a certain way. Get the full story »

Court rules some software can’t be resold

A federal appeals court has ruled computer software programs can’t be resold under widely used licensing agreements that handcuff the program’s original buyer.

Treasury lawyer to replace Feinberg as pay czar

The Obama administration says it’s chosen a Treasury Department lawyer to replace pay czar Kenneth Feinberg, who stepped down Friday, ending a contentious 14-month tenure.

Symantec tracking new malicious computer worm

Symantec Security Response is warning users about a new, malicious computer worm that comes in the form of an e-mail with the subject line, “Here you have.” The e-mail requests the recipient to click on an embedded link that appears to be a pdf hosted on the Internet. But when the e-mail recipient clicks on the link, it instantly downloads and launches the malicious worm without the computer user’s knowledge.

Filing puts GM CEO pay at $9M in cash, stock

New General Motors Co. Chief Executive Daniel Akerson  will get a pay package worth $9 million in salary and stock to run the automaker. Get the full story »

Fitch upgrades UAL and United Airlines ratings

Fitch Ratings upgraded United Airlines Inc. and its parent UAL Corp. before the closing of a tie-up with Continental Airlines Inc.

U.S. bankers want part of Basel plan dropped

A leading U.S. banking group is urging Basel Committee negotiators working on new international capital standards to ditch part of their proposal. Get the full story »

Bribery probe widens over HP contract in Russia

A bribery investigation into a Hewlett-Packard Co. government contract in Russia has broadened to include more deals dating back to 2000.

In a statement Friday, HP said it is cooperating with authorities, “who have now expanded their investigations beyond” a transaction with the Russian prosecutor’s office. Get the full story »

Russell 1000, ETFs added to ‘flash crash’ halts

The Securities and Exchange Commission adopted new rules Friday to expand the trading halts it implemented after the May 6 “flash crash” and to harmonize stock exchanges’ procedures for breaking erroneous trades. Get the full story »

USDA sued over genetically altered sugar beets

Groups opposed to genetically modified foods have sued the U.S. Department of Agriculture Thursday over the agency’s recent decision to allow limited plantings of altered sugar beets. Get the full story »

Report puts Android at No. 2 this year

Google Inc.’s Android software will become the world’s second most popular operating system for cell phones this year, leapfrogging offerings from Microsoft Corp., Research in Motion and Apple Inc., according to a new report.

By 2014 Android will account for nearly 30 percent of all cell-phone operating system sales, according to research firm Gartner, putting it in position to challenge Nokia Corp.’s Symbian,  the top mobile operating system for years. Get the full story »

Brown’s to go to auction in Chapter 11 move

From Crain’s Chicago Business | Brown’s Chicken and Pasta has agreed to be sold at auction as a going concern to speed its contentious bankruptcy proceedings.