Heinz

Investing, 'Mad Men' Style

Here's a look at a few great investment opportunities that are holding strong long after their talks with Don Draper's fictional advertising agency.

FBI Investigates Potential Insider Trading in Buffett's Heinz Deal

The FBI is looking into alleged insider trading in the options of ketchup maker H.J. Heinz Co before its blockbuster acquisition last week by Warren Buffett and Brazil's 3G Capital. The SEC says traders in Switzerland used a Goldman Sachs account to trade on purported inside knowledge of the transaction.

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.

News Corp. Countersues Heinz in Advertising Clash

Heinz and Rupert Murdoch's News Corp have sued each other in two different federal courts, a sign that an advertiser mutiny against News and its alleged monopolistic practices is spreading. Previously, News was sued by Dial Corp over similar allegations.

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.