| Apr 28, 2015
| 1:37 PM
Kraft Foods Group’s first-quarter profit fell more than 16 percent on flat sales as it waits to be acquired by H.J. Heinz.
Heinz announced its plan to buy Kraft on March 25, a move that would give the ketchup maker the chance to grow its list of...
| Apr 7, 2015
| 4:59 PM
H.J. Heinz CEO Bernardo Hees, who is set to become the CEO of Kraft Heinz when the multibillion-dollar food merger closes, was at Kraft's Illinois headquarters last week checking out the business his company is buying.
In a video issued to Kraft...
| Mar 27, 2015
| 3:04 PM
As you may have heard, those smart people at 3G Capital have this really brilliant idea for jump-starting growth at Kraft, part of what henceforth will be called Kraft Heinz (but should be called Heinzkraft): globalization! Kraft gets 98 percent of its...
| Mar 26, 2015
| 7:58 AM
H.J. Heinz is buying Kraft Foods in a deal that gives Kraft the chance to bring its iconic American foods to international markets while boosting Heinz's sales in the U.S.
The acquisition, announced Wednesday with backing from Heinz owners Berkshire...
| Mar 25, 2015
| 9:00 PM
H.J. Heinz Co. is buying Kraft Foods, creating one of the largest food and beverage companies in the world with annual revenue of about $28 billion.
The Kraft Heinz Co. will own Kraft, Heinz, Oscar Mayer, Ore-Ida and large stable of other brands....
| Mar 25, 2015
| 6:55 AM
H.J. Heinz is buying Northfield-based Kraft Foods, creating what the companies say will be the third-largest food and beverage company in North America.
According to Kraft, the company will be co-headquartered in the Chicago area and Pittsburgh.
| Feb 10, 2015
| 8:12 AM
If you're a Sriracha fanatic, chances are you add the fiery chile sauce to your ketchup, to Ranch dressing, to mayonnaise, even chocolate bars (thank you, Roy Choi). And now, Heinz is doing the work for you.
The Pittsburgh condiment company has...
| Sep 2, 2014
| 5:53 PM
Former House Majority Leader Eric Cantor became the latest politician to move to Wall Street, taking a high-paying job at investment bank Moelis & Co. and boosting the profile of the boutique firm founded in Century City.
Cantor, 51, who resigned last...
| Sep 13, 2013
| 2:22 PM
The Rainforest Action Network, an organization that campaigns for the world's rain forests, is on a mission to rid your snack food of what it calls "conflict palm oil." And it's naming some of America's most popular snack food companies, including Pepsi,...
| Oct 28, 2013
| 9:01 AM
Burger King stock was on the upswing Monday after the fast-food company said its profit surged nearly 33% in the third quarter, beating predictions from Wall Street.
The Miami-based company said its adjusted net income soared to $81.1 million, or 23...
| Mar 4, 2014
| 1:56 PM
Moelis & Co., a boutique Los Angeles investment bank, filed for an initial public offering, seeking to capitalize on the soaring stock market and a recent pickup in corporate mergers.
The firm was founded in 2007 by Ken Moelis, a longtime Southern...