Kraft Foods to split into two companies this year

[Javaman]

http://finance.yahoo.com/news/kraft-foods-split-two-companies-155348299.html;_ylt=Arqz62efFrD6JakTberl6hGiuYdG;_ylu=X3oDMTQ0aTRwZmxwBG1pdANGaW5hbmNlIEZQIFRvcCBTdG9yeSBSaWdodARwa2cDOTMyZjRjZGUtZjBmNC0zMjRjLTllZDgtZDljOWQ2Yjc5ZTE3BHBvcwMzBHNlYwN0b3Bfc3RvcnkEdmVyAzViMjU0YWQwLTVjYTctMTFlMS1iNWVhLWNmODA2ZDZhZTljMg--;_ylg=X3oDMTFvdnRqYzJoBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25zBHRlc3QD;_ylv=3

CHICAGO (MarketWatch) -- Kraft Foods said Tuesday that it will split into two companies later this year, with its North American grocery division retaining the current name while a new global snack firm will be christened next month. North American groceries generated about $18 billion in sales last year while global snacks accounted for $35 billion. The company said the latter division has a "diverse geographical profile and significant exposure to high-growth developing markets [and] expected to deliver strong revenue growth and top-tier earnings growth while paying a modest dividend." Shares of Kraft edged up about 1% in morning action.

(that's all there was for this story)

[TexasProgresive]

1. Neither one will produce actual food

Kraft=crap

[Javaman]

2. true.

should be renamed Kraft Plastics.