HJ Heinz Company

Warren Buffett Part of Group to Buy Heinz in $23 Billion Deal

H.J. Heinz Co. has agreed to be acquired by an investment group including billionaire investor Warren Buffett in a deal valued at $23.3 billion. The ketchup company says it's the largest deal ever in the food industry. Berkshire Hathaway and 3G Capital are making the purchase.

Heinz Reports Earnings of 78 Cents Per Share

Heinz Co. (HNZ) reported earnings per share from continuing operations of 78 cents for the quarter ended Oct. 27, compared with 76 cents per share a year earlier. Sales for the second quarter of fiscal 2011 fell 1.2% to $2.61 billion, the company said in a statement. The decline was due to currency movements, the statement said. Organic sales in emerging markets rose 10.2%.

Investor Nelson Peltz Cuts Stake in Heinz

Investor Nelson Peltz sold 1.6 million shares in H.J. Heinz Co. (HNZ), reducing his stake by about one third. He now holds about 1% of the company%u2019s shares. Peltz has sold shares worth $75.9 million since Friday, Dow Jones Newswires reported.

Consumer Power Shifts from the U.S. to Asia

For decades, the world took its cues from American consumers when it came to tastes, styles and prices. No longer. The Great Recession has brought a dramatic realignment from the U.S. to Asia. That change is already sparking new business strategies in global companies.

Stocks in the News: Coca-Cola, Apple

Big consumer stock names are on tap Thursday as Coca-Cola makes it official, snapping up the North American operations of its largest bottler Coca-Cola Enterprises. Then later today, Apple kicks off its annual shareholder meeting. Analysts say investors may be looking for a fresh catalyst to send shares even higher.

Stocks in the News: Walmart, Hewlett-Packard, Daimler

The following is a round-up of news likely to affect stock prices today, including Walmart Stores announced its fourth-quarter profit rose 21% to $4.6 billion. But first quarter and 2011 guidance disappointed and the stock fell nearly 2% in premarket trading.

Will Heinz's New Ketchup Be Its New Coke?

Heinz is changing its ketchup this year, introducing a different recipe and different packaging. That's a bold move for the world's most popular ketchup -- and one that also has an unfortunate resemblance to Coca-Cola's infamously bungled launch 25 years ago.

Heinz May Be
on the Takeover Menu

Several signs point to the global food giant's potential to become a target. For one, it's among the few major independent food companies left. Some savvy pros say the most logical and suitable buyer is Switzerland's Nestle.