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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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Stocks in Internet giant Google have risen above the US$600 mark for the first time since the company went on the stock market just over three years ago. The rise in stock sends the company’s value up to US$25 billion.

Share price fell back below $600 to $597.13 in trading this morning. Last night’s peak marks the sixth in the last 12 sessions of trade that Google shares have hit an all-time high. The company’s third-quarter earnings are due out this month. Read more »