Rising Consumer Demand Boosts Organic Industry Clout
The organic food industry is gaining clout on Capitol Hill, but it isn't going over well with everyone in Congress.
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.
Burger King CEO Hees to Take Heinz Reins After Buyout
Burger King CEO Bernardo Hees will take the top job at Heinz following its acquisition by investment firm 3G Capital and Warren Buffett's Berkshire Hathaway Inc.
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.
Midday Market Minute: Food Industry News Galore (Kraft, Burger King, More)
Earnings galore today from Kraft, Campbell Soup, JM Smucker and others. And the big news yesterday -– the takeover of HJ Heinz by Warren Buffett and a Brazilian firm, 3G Capital, which is also the largest shareholder in Burger King. You see the synergy: Heinz on a whopper.
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.
As Food Prices Rise, Packages Get Smaller and Smaller
As food prices continue to rise, many food companies are shrinking packages instead of raising item prices. But don't be fooled: You're definitely paying more for less.
