NPR logo

Kraft To Buy Cadbury; Citigroup's Loss Disappoints

  • Download
  • <iframe src="https://www.npr.org/player/embed/122722808/122722807" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
Kraft To Buy Cadbury; Citigroup's Loss Disappoints

Business

Kraft To Buy Cadbury; Citigroup's Loss Disappoints

Kraft To Buy Cadbury; Citigroup's Loss Disappoints

  • Download
  • <iframe src="https://www.npr.org/player/embed/122722808/122722807" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Board members of the British chocolate maker Cadbury have accepted a $19 billion offer by Kraft Food Inc. The decision comes after months of resistance, in part over price. Meanwhile, one of the world's biggest banks struggles to make a profit. Citigroup announced Tuesday that it lost $7.6 billion in the final three months of 2009.