Kraft Foods to split in to two seperate companies

( John Gress\Reuters )

Wal-mart private-label store brand Great Value's Macaroni and Cheese products are pictured next to Kraft's inside a new Walmart Express store in Chicago. Kraft Foods, currently the second largest food company in the world, has announced that it will split into two publicly traded companies. One of the companies will focus on the North American grocery market and the other will control Kraft's global snack food brands.