More on the Kraft spin-off

Kraft is getting closer to a spin-off from Altria, after a favorable decision in a tobacco lawsuit. We mentioned a week or so ago that a spin-off was looking likely. Wall Street observers think it will be next year, apparently.

'I don't see them spinning off Kraft until sometime next year,' said Greggory Warren, an analyst with Morningstar Inc. He said Kraft's new chief executive needs at least six months to get a handle on the foodmaker's problems ...