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*World's biggest chocolate maker says Indonesia must raise cocoa bean output. SINGAPORE, May 21- World No.3 cocoa bean producer Indonesia should push to more than double output to 1 million tonnes a year to meet Asia's growing appetite for chocolate and demand from local grinders, a senior official at Barry Callebaut said on Wednesday.
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May 7- Mondelez International Inc and competitor D.E Master Blenders 1753 are merging their coffee businesses in a deal aimed at taking on market leader Nestle SA. The merger announced on Wednesday will marry Mondelez's grocery coffee brands such as Carte Noire and Gevalia with D.E Master Blenders' L'OR, Pilao and Senseo brands.
NEW YORK, May 7- U.S. stocks mostly rose on Wednesday, bouncing off earlier lows after comments from Federal Reserve Chair Janet Yellen offered no surprises, but the Nasdaq fell for a second straight day, weighed down by declines in Internet-related shares.
*Whole Foods tumbles after earnings, outlook. Stocks such as Amazon.com Inc, down 1.9 percent at $291.50, Facebook Inc, down 2.3 percent at $57.17 and Google Inc, down 1.5 percent at $514.88, all weighed heavily on the Nasdaq, which has shed more than 2 percent over the past two sessions.
Talks between Mondelez and D.E. Master Blenders began well before investor Nelson Peltz joined Mondelez's board, a source told CNBC.
May 7- Mondelez International Inc and rival D.E Master Blenders 1753, who make Kenco and Douwe Egberts brands respectively, will join up in a deal that creates the world's biggest pure-play coffee company to take on market leader Nestle.
*Whole Foods tumbles after earnings, outlook. *Developments in Ukraine helped sentiment, as Russian President Vladimir Putin said Wednesday he was ready to discuss a way out of the crisis with the head of the Organization for Security and Co-operation in Europe.
May 7- Mondelez International Inc and Dutch coffee and tea company D.E Master Blenders 1753 BV said on Wednesday they would combine their coffee businesses, as the U.S. company focuses on snacks such as Cadbury chocolate and Oreo cookies.
Some of the names on the move ahead of the open.
May 7- Mondelez International Inc and D.E Master Blenders 1753 BV said they would combine their coffee businesses to create a company with annual revenue of more than $7 billion. U.S.-based Mondelez's coffee portfolio outside of France will be combined with those of Netherlands- based D.E Master Blenders.
Traders across the financial markets will be hyper-focused on Congressional testimony from Fed Chair Janet Yellen Wednesday.
Testimony from Federal Reserve Chair Janet Yellen and Ukraine are what traders say could most affect markets in the week ahead.
May 1- Kraft Foods Group Inc on Thursday reported a higher quarterly profit, helped by cost cuts and gains related to moves to manage the cost of key ingredients in its products such as Velveeta cheese and Maxwell House coffee.
CNBC's Dominic Chu reports Kraft Foods beat analyst estimates, but missed slightly on sales.
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The devaluation of the Venezuelan currency has hurt many companies including Ford Motor Co, Procter& Gamble Co and Mondelez International Inc, the maker of Cadbury and Oreo, as it reduces the value of sales in the Latin American country.
"If I want to successfully conquer India... I can't do that with a plant in Hamburg, "said Stefan Heidenreich, head of Beiersdorf, whose products range from Nivea to the high-end La Prairie creams. Nivea plans to open a factory in India in 2015, to make creams in smaller, cheaper packs, products with different scents and whitening creams, which are popular in Asia.
PepsiCo on Thursday reported a higher quarterly profit, lifted by sales gains in its snacks business.
*First-quarter sales 20.8 bln Sfr vs 21.5 bln in poll. ZURICH, April 15- Nestle expects sales growth to pick up in the next few quarters after slowing to 4.2 percent in local currencies in the first, when unusually cold weather hit sales in North America and cost-conscious Europeans continued to opt for cheaper brands.