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• In the UK, the Observer reports on speculation that Kraft Foods is willing to launch a hostile takeover bid for Cadbury. An earlier $16.7 billion unsolicited bid by Kraft was spurned by Cadbury as being insufficient, and while Cadbury management has said it isn’t interested in being acquired, Kraft’s leadership seems focused on moving forward with its effort.

• In Texas, the Lufkin Daily News reports that Brookshire Brothers is acquiring Kaine’s Grocery, a third generation, family-owned retailer that is the only supermarket in the town of Buna – a community of about 2,200 people northwest of Houston.

• The Los Angeles Times reports that Johnson & Johnson’s McNeil unit has recalled 57 lots of infants' and children's liquid Tylenol products because of possible bacterial contamination. While no bacteria was found in finished products, an inactive ingredient in the Tylenol did not meet internal testing requirements and so J&J, in consultation with the US Food and Drug Administration (FDA), decided to recall the lots.
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