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Business headlines at 16:06

Kraft Gives UK Cadbury Jobs Promise
Kraft has vowed there will be no further closure of Cadbury manufacturing facilities and no compulsory redundancies in the UK for at least two years.

Petrol Price Woe For Drivers As Costs Soar
Petrol prices could reach an eye-watering 120p per litre later this year, the AA is warning.

Ex-Bank Chief 'Tried To Steal From Bailout'
The former head of a New York bank has become the first person accused of trying to steal money from the multi-billion dollar bailout designed to save the US economy.

BA Strike Could Ruin Band's Dream Concert
A youth band from South Wales could miss a once-in-a-lifetime concert after their flight to New York was cancelled because of the British Airways strike.

BA Draws Up Battle Plans As Strike Looms
Sky News has learned that British Airways plans to fly all of its 777 long-haul aircraft during the planned cabin crew strike this coming weekend.

Facebook Tool Pays Out For Pizza Orders
Facebook users whose friends have a penchant for pizza could find themselves cashing in with the launch of a new advertising tool.

Jacko's Estate Signs Record-Breaking Deal
The late King of Pop's estate has signed an unprecedented seven-year deal with Sony that is estimated to be worth more than $200m.

Toyota Doubts Runaway Prius Driver's Story
Toyota says it has found no evidence to support a driver's claim that the accelerator pedal on his Prius jammed at 94mph, sparking a dramatic police chase.

Ex-Pats Lose Court Bid For Pension Hikes
Nearly 500,000 elderly ex-pats have lost their legal battle to force the British Government to pay them yearly increases on their pensions.

Oats So Simple For Breakfast Smoothie Maker
mOma's breakfast products have taken off after being set up as a healthy, natural alternative to the standard 'coffee and croissant' on offer for busy commuters.