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.
A new battle for snack supremacy is being fought -- not over who makes the best cookies, but over who has rights to the packaging they come in. Kraft Foods Global Brands is suing Kellog's, claiming the company is using Kraft's patented technology to keep Keebler and Sandies cookies fresh.
From PepsiCo to Avon to Xerox, these women are responsible for some of the biggest companies and brands that consumers touch and feel everyday. And this year, there's a new No. 1 on Fortune's list of the most powerful women.
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.
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.
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]
Since 1998, Starbucks has contracted with Kraft Foods to distribute its bagged coffee through grocery stores. In letters released to The Wall Street Journal and Reuters, Kraft fired yet another salvo in its bid to hold together this deal, which Starbucks now wants to undo.
Warren Buffett's Berkshire Hathaway Inc. was questioned earlier in the year by U.S. regulators on why the holding company didn't write down $1.86 billion in losses largely from its investments in Kraft Foods Inc. and U.S. Bancorp during the second quarter.
