Kraft Foods Inc. (NYSE: KFT) is the largest food and beverage company headquartered in North America and the second largest in the world after Nestlé SA.The Philip Morris Company (now known as Altria Group), acquired Kraft for $12.9 billion in 1988, eventually merging it with another food subsidiary, General Foods, which it had acquired in 1985. In 2000, Philip Morris acquired Nabisco and merged it with Kraft. Altria sold 280 million Kraft shares via an initial public offering in 2001, retaining an 88.1% stake. On January 31, 2007, after months of speculation, the company announced that its 88.1% stake would be spun off to Altria shareholders at the end of March 2007. Kraft is now an independent publicly held company.Kraft is headquartered in Northfield, Illinois, USA, a Chicago suburb. Kraft Foods markets many popular brands in more than 155 countries.Kraft Foods is named after James L. Kraft, who founded the original wholesale cheese business in 1903.

Kraft Foods Inc said on Wednesday it recalled Baker's Premium White Chocolate Baking Squares distributed throughout the United States due to possible Salmonella contamination.

Kraft Foods Inc said on Wednesday it recalled Baker's Premium White Chocolate Baking Squares distributed throughout the United States due to possible Salmonella contamination.

Kraft Foods Inc said on Tuesday it struck deals with Starbucks Corp and Bosch Household Appliances to fuel growth of its Tassimo hot beverage system.

Warren Buffett, the head of Berkshire Hathaway Inc, is the latest major investor to claim a stake in Kraft Foods. NewsVisual a Knowledge Map of Buffet’s ties to Kraft to see what may have motivated this newest investment decision, beyond, of course, the peer pressure he might have felt from Carl C. Icahn and Nelson Peltz

Rumor has it that billionaire activist investor Carl Icahn has purchased a stake in Kraft Foods Inc., purported by The Wall Street Journal. The news sent Kraft shares up 3.1 percent Friday. But, Icahn isn't the only billionaire activist shareholder interested in Kraft Foods.