Hershey Is Finally Ready to Bid for Cadbury

After weeks of sitting on the sidelines while Cadbury played cat-and-mouse with Kraft Foods, Hershey is finally ready to make a bid for the U.K.-based chocolate maker. Sources close to the Hershey board say that the company will bid $17.9 billion for Cadbury.

Exxon Launches Energy's Next Mega-Trend

The industry is poised for yet another revolution, triggered by ExxonMobil's $41 billion purchase of XTO. It's a clear sign that future growth in extractive energy will come from sources other than oil -- such as natural gas. Expect other oil majors to follow suit.

Sun cuts 3,000 jobs in slap at EU

Several weeks ago, Oracle (ORCL) said that Sun Microsystems (JAVA), which it is in the process of buying, is losing $100 million a month due to EU...