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Kraft Heinz Wanted Unilever, But Alas...
Friday, February 17, 2017 - 9:29am | 490Shares of Unilever plc (ADR) (NYSE: UL), the British-based conglomerate with exposure in food, home and personal care products, soared higher by more than 10 percent early Friday morning after the company was named as an acquisition target. According to the Financial Times, the American giant Kraft...
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Delphi And Other Companies You May Have Forgotten Were Spinoffs
Friday, August 26, 2016 - 11:58am | 489Corporate spinoffs can be done for a number of reasons, but the most common reason is to attempt to unlock shareholder value by simplifying operations. A number of extremely successful companies were once spinoffs. Here’s a look at some spinoffs you may or may not remember. eBay Inc (NASDAQ:...
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These Food Giants Are Ahead Of The Trans Fat Ban
Monday, June 22, 2015 - 11:06am | 525In a step towards improving public health in the United States, the FDA announced on June 16 that trans fats must be removed from all processed foods within the next three years. This new regulation may come as a blow to processed food companies, but some such as General Mills, Inc. (NYSE: GIS)...
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4 Kraft Divisions Ripe For Spinoff (And Some Possible Suitors)
Friday, August 29, 2014 - 1:46pm | 986BMO Capital analyst Kenneth Zaslow published a note last week suggesting Kraft (NYSE: KRFT) should consider spinning off some segments in order to unlock value. Among Zaslow's reasons, the number of "natural buyers" standing ready to acquire specific segments of Kraft’s food...
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Yellen's Speech Not Enough To Keep Dow, S&P 500 In Positive Territory
Friday, August 22, 2014 - 4:36pm | 2164U.S. stocks were mostly lower as the tense situation in Ukraine was brought back in the spotlight following a report from NATO who observed an alarming rise in Russian forces near the Ukraine border. Speaking at Jackson Hole, Fed Chair Janet Yellen stated that 19 labor market indicators the Fed...
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Feast Your Eyes - 7 Restaurant Chains To Watch In 2014
Thursday, January 9, 2014 - 1:43pm | 86Resturants are hard work, for owners, managers and staff. And they can be a risky business, with a failure rate of about 60 percent within the first three years. But there are also eating establishments whose popularity have turned them into major companies and household names, both in the U.S...
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Starbucks Will Show Q4 Loss of $2.12 Billion Following $2.7 Billion Fine
Wednesday, November 13, 2013 - 3:13pm | 512The net result of an arbitrator imposed fine of $2.7 billion on Starbucks (NASDAQ: SBUX) in a contract dispute with Kraft (NASDAQ: KRFT), will be a fourth-quarter operating loss of $2.12 billion, according to Reuters. Prior to the arbitrator’s decision, the company had reported a 34 percent...
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You'll Never Believe That America's Favorite Coffee Is This Brand
Saturday, August 24, 2013 - 1:18pm | 541If your favorite morning “Cup of Joe” carries the name Starbucks (NASDAQ: SBUX), Green Mountain (NASDAQ: GMCR), or Maxwell House, a Kraft (NASDAQ: KRFT) brand, be advised, you are in the minority when it comes to taste in coffee. America’s favorite coffee, once again, is Folgers according to...
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Low-Calorie Restaurant Offerings, a Better Bottom Line?
Tuesday, February 19, 2013 - 2:31pm | 581A new study by the Hudson Institute shows that incorporating more low-calorie items into a restaurant’s menu doesn’t just help address the nation’s growing obesity problem, it also helps grow the restaurant’s bottom line. It’s what Wall Street and healthcare experts like to call a “win-win.”...
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United Health to Replace Kraft in the Dow Jones
Friday, September 14, 2012 - 1:53pm | 334The Dow Jones Industrial Average will change September 24 as United Health Group (NYSE: UNH) replaces Kraft Foods (NYSE: KFT) in the average. The move by S&P Dow Jones Indices is due to Kraft spinning off its North American grocery business in October. The change will not affect the Dow, as...
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iPod Owners Receive Unexpected E-mail That Could Be Worth....
Wednesday, May 9, 2012 - 10:18am | 899It sounds like spam, but this revealing e-mail might actually be worth a read. Assuming you'd like a few extra bucks, of course. You do like money, right? Those who purchased an iPod between September 12, 2006 and March 31, 2009 could be entitled to a portion of a win or settlement -- assuming one...
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Barron's Recap (5/5/12): The Barron's 500
Sunday, May 6, 2012 - 9:25am | 1001This weekend in Barron's online: the annual ranking of the top 500 companies (as well as finding bargain stocks from the list) and the prospects for airline United Continental, insurer Unum Group and the recently spun-off Phillips 66. Cover Story "Bravo to the Best!" by Jacqueline Doherty. It is...
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Fitch Ratings Downgrades Kraft Issuer Default Rating
Wednesday, January 20, 2010 - 7:49am | 130Fitch Ratings reported that it has downgraded Kraft Foods' (NYSE: KFT) issuer default rating to BBB- from BBB following the company's deal to buy candy maker Cadbury (NYSE: CBY) for about $19.5 billion. Fitch said that Kraft's pro forma debt will initially be almost $32 billion, leading to a pro...
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Pershing Acquires 2% Of Kraft
Friday, January 15, 2010 - 6:22pm | 206Pershing Square Capital Management has taken a stake in Kraft Foods Inc. (NYSE: KFT) of about 2%. The purchase by the activist hedge fund firm run by Bill Ackman comes at a good time for Kraft, as it attempts a hostile takeover bid for the British candy maker Cadbury Plc. (NYSE: CBY). A person...