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Mars Inc. and Warren Buffet have bought Wm Wrigley Jr Co., the largest chewing gum manufacturer in the world. The news shook the banking sector because the sale came as a surprise.

In effect this new conglomerate becomes the largest confectionery company in the world; predicted hold; 14.4% of the global market. Stocks of the company rose significantly and closed at $62.45 Friday.

Cadbury Schweppes at 10% of the global market had a rise in shares of 3.5% in the hope a takeover may be imminent.
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Toyota and Subaru have joined forces to build a sports car that both companies will then badge and sell separately. The car, due to arrive in three years, will be built at a Fuji Heavy Industries (FHI) plant.

FHI own a stake in Subaru. Because of the collaboration, Toyota is increasing its steak in FHI by almost double, taking it from 8.7% to 16.5%. The sale of the shares to Toyota will be used to build the plant where the new car is to be built.
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