And in the real world... Kraft, Burberry, Kingfisher, Orange/T-Mobile and more

LONDON - Today's round-up of the biggest business stories.

World news... round-up
World news... round-up

The planned merger of Orange and T-Mobile faces an uphill battle to convince competition authorities that the creation of Britain's biggest mobile phone company should be allowed to proceed. Source: The Times

Kraft, the largest US food manufacturer, has warned that Cadbury will struggle to stay independent if the UK confectionery group continues to spurn its £10.2 billion takeover approach. Source: Financial Times

Burberry is poised to enter the FTSE 100 for the first time, in a further sign of its revival under the chief executive, Angela Ahrendts, who took the helm in July 2006. Source: The Independent

Oops. An e-mail sent by Kingfisher to City analysts on Monday accidentally included information relating to its still unpublished interim results. That left analysts scrambling to upgrade earnings forecasts yesterday. Source: Financial Times

Microsoft delivered one the most outspoken attacks yet on Google's sweeping legal settlement over rights to digital books in the US, as lawmakers in Washington announced their own hearings into the issue. Source: Financial Times