Tuesday, January 19, 2010;
Apple tablet announcement expected Jan. 27
Apple has set Jan. 27 as the date for an eagerly awaited announcement, which many analysts are predicting will involve a new multimedia tablet from the Cupertino, Calif.-based company known for its iPhones, iPods and Macs.
Invitations for the San Francisco event were e-mailed to news organizations Monday morning. The invitation-only event will be held at the Yerba Buena Center for the Arts, which the company frequently uses as a venue for announcing new products to reporters, analysts and industry representatives.
The invitation does not specify whether chief executive Steve Jobs will attend.
Although the company has officially declined to comment, industry insiders and analysts have been speculating for weeks that Apple will be entering the market for a lightweight, portable tablet computer, designed for consumers to interact with digital games, books, movies and other types of content.
ALSO IN BUSINESS
-- Kraft nears deadline to raise Cadbury offer: British candymaker Cadbury is looking for a larger hostile takeover offer from Kraft Foods, which faces a Tuesday deadline for changes to its bid.
Kraft's 10.5 billion-pound ($17.1 billion) offer now values the British chocolate and gum company at about 770 pence a share, an offer that Cadbury dismisses as "derisory." David Cumming, head of U.K. equities at Cadbury shareholder Standard Life, said Monday that Kraft needs to aim above 900 pence to secure support from long-term shareholders.
Kraft already has sweetened its offer with an option for a larger cash payout and a smaller proportion of Kraft shares. Kraft raised extra cash early this month by selling its North American pizza operations, including Tombstone and DiGiorno, for $3.7 billion to Nestle, which then ruled itself out of any bid for Cadbury.
-- European ministers nudge Greece to tackle deficit: European finance chiefs said Greece must rein in its budget deficit on its own as the nation's fiscal crisis threatens to spread outside its borders.
"The Greeks are very much aware of how serious the situation is, and they are very much aware that they will in the end have to solve the situation themselves," Dutch Finance Minister Wouter Bos said Monday.
Greece last week presented its plan to push down a budget deficit that is more than four times the European Union limit of 3 percent of gross domestic product and which has prompted rating companies to lower the nation's creditworthiness.
-- Tyco buys Brink's Home Security in $2 billion deal: Diversified manufacturer Tyco International has agreed to acquire Brink's Home Security Holdings in a cash-and-stock deal worth $2 billion, the companies said late Monday.
Tyco said it is paying $42.50 per share for the provider of home security services, representing a premium of more than 35 percent over Brink's stock, which closed Friday at $31.42.
-- From news services