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H.J. HEINZ CO.
Charlie Munger, the 'Oracle of Pasadena' who was Buffett's second-in-commandThe union of Munger with Buffett is among the most successful in the history of business; they transformed Omaha, Nebraska-based Berkshire ...- Warren Buffett's $10 billion mistake: Precision CastpartsBerkshire wrote off $9.8 billion of Precision’s value last August, as the COVID pandemic sapped demand for air travel and the Portland, Ore...
- Berkshire offers glimpse beyond Buffett as Abel, Jain speak upAbel, who runs all of Berkshire’s non-insurance operations, is seen as the more likely CEO successor.
- The stock market's lifeboat may be sinkingShares of consumer-staple companies have been some of the market’s worst performers this year.
- Novartis CEO Jimenez to quit giving reins to Vasant NarasimhanJimenez is handing over the reins at a crucial juncture, with the drugmaker yet to make a decision on the future of its ailing Alcon eye-ca...
- Warren Buffett follows his own advice in backing off from Unilever bid“The trick in investing is just to sit there and watch pitch after pitch go by and wait for the one right in your sweet spot,” Buffett said...
- Unilever remains cool to Kraft Heinz takeover bid despite rallyWhile both companies sell food, Unilever has pursued higher-end brands, such as Ben & Jerry’s ice cream and Talenti gelato. Kraft, meanwhil...
- Warren Buffett awaits $8bn of ‘bad news’ with Kraft paymentWarren Buffett is about to get back the $8 billion — plus a little extra — that his Berkshire Hathaway Inc invested in Kraft Heinz Co.
- Amancio Ortega passes Warren Buffett as world’s second richest person in Bloomberg Billionaires IndexOrtega’s net worth has increased 17 percent to $71.5 billion this year as Inditex profit rose amid surging sales.
- Heinz’s India head Seema Modi calls it quitsShe says she has “already moved on from Heinz”; development comes at a time when co’s flagship brand Complan is losing market share.
- Berkshire Hathaway's Warren Buffett says Grexit 'may not be bad' for euro zone: ReportsWarren Buffett said Tuesday that an exit by Greece from the euro zone could be constructive for the region.
- Moelis IPO offers founders riches on $1.6 bn valuationInstead of funding growth, investors are being asked to reward Moelis’s rainmakers, said Jeff Sica, president of Sica Wealth Management.
- Heinz India to focus on core brands, acquire local food companiesHeinz plans to focus on its core brands, acquire local food cos and reposition its flagship brand Complan to boost its business in the coun...
- US bond downgrades escalate as leverage climbs: Credit MarketsCredit quality for US companies is showing signs of weakening as issuers from Verizon Communications Inc. to Apple Inc. borrow unprecedente...
- Danone dairy woes a challenge for Nelson Peltz's Heinz playbookNelson Peltz helped bring change to HJ Heinz Co. that led to a $23 billion bid for the company last week. Now he's turning his attention to...
- Warren Buffett’s Berkshire Hathaway joins 3G Capital to buy Heinz in $23 bn dealThe buyers will pay $72.50 a share, compared with yesterday’s closing price of $60.48, according to a statement today.
- Heinz plans new strategy to get back on growth pathHeinz India is gradually withdrawing over half a dozen food products including biscuits, muesli and south Indian mixes from retail shelves.
- Cannes 2012 announces global Ogilvy & Mather Creative head as jury head for Film and Press categoriesHe moved to New York in 2009 as the Worldwide Chief Creative Officer and Chairman of the Worldwide Creative Council at Ogilvy & Mather.
- Heinz buys Chinese maker of soy sauce for $165 millionH.J. Heinz Co. said Monday that it agreed to buy Foodstar, a Chinese food company that makes soy sauces and fermented bean curd, for $165 m...
- Cadbury to acquire Turkish gum maker for $450 mnCadbury Schweppes Plc will buy Turkey's Intergum for $450 mn to gain almost half of the country's gum market.
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