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 is working on nanotech enabled food including a colorless, tasteless drink that you, the consumer, will design after you've bought it. You'll decide what color & flavor you'd like the drink to be & what nutrients it will have in it - then zap the product with a microwave transmitter to activate the corresponding nanocapsules.

Kraft Foods' foodservice division is testing South Beach Diet-branded vending machines that only sell items compliant with the well-known diet plan. A recent vending expo also showcased a machine that sells both cold and frozen items from U-Select-It and a machine that gives change in bills as well as coins.

Many of Kraft's foods contain inadequately tested and unlabeled genetically engineered (GE) ingredients such as GE Corn, GE Soy, GE Canola and dairy products.......

The food trend expert on this MarketWatch radio clip speculates the new "meal assembly" salads will be a lasting trend. E.g. Sara Lee's Hillshire Farm can venture from the deli section to produce thus giving a greater perception of freshness. Will be interesting to see who else launches a similar product...and how good they taste.

Kraft Foods, the maker of Capri Sun—foil pouches filled with a solution of water, high-fructose corn syrup, and small amounts of juice—is being sued by a Florida woman for deceptively marketing the product as “All Natural.”