Stocks In The News (KFT, CBY, CMCSA, S, CLWR)

The News world is abuzz today as investors get ready for the upcoming week. Here are the stocks that show up in the top stories this morning.

Among the most talked about stocks in the market today are Kraft Foods (NYSE: KFT) and Cadbury (NYSE: CBY) . In the news today, Cadbury shares went up as the clock ticked closer and closer to the 1700 GMT deadline set for Kraft in order to make a formal offer or walk away from the takeover bid. It is expected that Kraft Foods will extend an offer to Cadbury to acquire the chocolate maker and bolster Kraft's market share.

Cadbury had initially rejected the first offer from Kraft worth 745 pence per share two months prior. Kraft’s offer must be over 800 pence for Cadbury to take it into serious consideration.

Another corporate takeover in the news is between Comcast (NASDAQ: CMCSA) and General Electric (NYSE: GE) for the shares of NBC Universal. The deal is said to be for $30 billion and will have General Electric would sell their 51% stake to Comcast and the remaining 49% spread around several years. An announcement is expected within the next few weeks.

The acquisition of NBC Universal has raised concerns because of the creation of a media giant which is able to run Comcast’s cable networks along with NBCU’s television networks. This has raised enough concerns that it could take eight to twelve months before US regulators approve the said deal.

In other news, Sprint Nextel Corp. (NYSE: S)has announced that Sprint Nextel Network has plans to infuse an additional $1.5 billion of funds to Clearwire Corp. (NASDAQ: CLWR) . Joint venture partners of Clearwire, which includes Comcast Corp., Time Warner Cable Inc. (NYSE: TWX), and Brighthouse Network LLC, has announced that they would add an additional half billion dollars. Google Inc. (NASDAQ: GOOG) , another joint venture partner will not be included in the infusion of new funds.

In Earnings News, Allianz SE (NYSE: AZSEY) of Germany announced that they have posted net profits of $1.96 billion. On the third quarter a year ago, Allianz SE posted losses of two billion Euros. In lieu of the positive results, shares rose 4.3% to EUR 82.61 during the Frankfurt morning trading.