Kraft Foods is recalling about 137,000 cases of Velveeta Shells & Cheese Microwaveable Cups because they might be tainted with wire-bristle pieces, the company announced Friday. The company said it has received no reports of injuries or complaints, and that it was voluntarily issuing the recall to be on the safe side.
Kraft split into two, spinning off its North American grocery business from its faster-growing international snacks business Friday. Here's what the move means for shareholders, and why it makes sense.
A bruising session on Wall Street Thursday wiped more than 500 points off the Dow - its worst drop since October 2008. Driving the fear is growing concern about the possibility of another recession. Will the selloff continue Friday? It all depends on the Labor Department's employment report.
Kraft Foods announced Thursday plans to split into two publicly traded companies, with one concentrating on snacks while the other focuses on the North American grocery business.
With both obesity and fiscal austerity on the rise, makers of unhealthy foods are a tempting target for taxation. While companies like Coca-Cola and McDonald's are most obviously in the sights of the food police, the rest of the food industry may be vulnerable as well.
In a conversation at the 92nd Street Y in New York last week, the Starbucks CEO chatted about coffee, Groupon, mobile phone sales, Spanish fashion chains, and role models.
After a major weekend security breach, big banks and credit-card issuers are warning customers that hackers may have gotten access to some of their personal data. If you think yours may have been compromised, here are a few steps that you can take.
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.
The longtime coffee rivals may be discussing a merger that could provide the smaller player with a boost in the single-cup market. And Peet's, which has longstanding deals with grocery chains, could steer Starbucks towards a smoother grocery distribution strategy.
Food prices are on the rise, with the USDA now anticipating increases of 3% to 4% this year. But there are some ways to minimize the damage to your grocery bill. From shopping smarter to avoiding processed foods, learn some tricks to help stretch your food budget.
Warren Buffett's Berkshire Hathaway liquidated its positions in a number of high-profile companies during the fourth quarter, but the Oracle of Omaha has hung on to his huge stake in Coca-Cola. And Coke's nearly 4% drop is a weight on Buffett's portfolio.
Last week, traders had ample opportunity to take some profits -- and yet the market kept rising. With fewer big reports on tap this week and a key technical hurdle overcome, stocks could very well extend their gains in the sessions ahead. [Video]
