Investors Lose Taste for Kraft Shares

The stock declined nearly 4% Tuesday after the food giant posted mixed third-quarter results

Kraft Foods (KFT) shares lost nearly 4% of their value on Oct. 24 after the Northfield (Ill.)-based food and beverage maker posted mixed third-quarter results. But Kraft still hiked its earnings forecast for 2006 to reflect steps such as the unloading of its Minute Rice brand.

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