Latest news on ‘Food & Beverage’
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Burger King in Buyout Talks, but Not With 3i
NY Times – Updated Burger King is in advanced talks to sell itself to a little known private investment firm called 3G Capital, people involved in the negotiations told DealBook [...]
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Heinz Sees Higher Profits, Driven By Emerging Markets
NEW YORK (Dow Jones) – H.J. Heinz Co. (HNZ) projected first-quarter earnings above analysts’ expectations as the food-processing company benefited from continued growth in emerging markets.
The company’s estimate for first-quarter [...] -
Yum’s profit slips but it’s upbeat on China growth
LOUISVILLE, Ky. (AP) — The owner of the Taco Bell, Pizza Hut and KFC fast-food restaurant brands said Tuesday that its second-quarter profit fell slightly because a one-time gain a [...]
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General Mills 4Q Down 41% On Higher Costs, Lower Revenue
General Mills Inc.’s (GIS) fiscal fourth-quarter profit slid 41% as the company reported higher costs and lower sales, while year-earlier results benefited from an extra week and mark-to-market gains.
The packaged-food [...] -
Ralcorp to buy American Italian Pasta
SAN FRANCISCO (MarketWatch) – Ralcorp Holdings made a bigger push into private label foods Monday, saying it plans to acquire American Italian Pasta Co. for $1.2 billion in stock. It [...]
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Whole Foods posts profit beat, raises view
LOS ANGELES, May 12 (Reuters) – Whole Foods Market Inc (WFMI.O) reported better-than-expected quarterly earnings and raised its full-year profit and sales forecasts due to improving trends, sending its shares [...]
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Starbucks’ 2Q profit soars, revenue climbs
CHICAGO (AP) — Starbucks Corp.’s second-quarter profit rose more than eight-fold, thanks to its efforts to cut expenses and boost sales, the coffee company said Wednesday afternoon.
For the three months [...] -
Buffett sour on Kraft’s candy deal
By Brad Dorfman (Reuters) – Warren Buffett said Kraft Foods Inc’s (NYSE:KFT – News) proposed $19.6 billion acquisition of Cadbury Plc (LSE:CBRY.L – News) is a “bad deal” and questioned [...]
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Heineken to Buy Femsa Beer Unit in $7.7 Billion Deal
By Andrew Cleary (Bloomberg)
Heineken NV agreed to buy the beer division of Fomento Economico Mexicano SAB, producer of Dos Equis and Mexico’s second-biggest brewer, in an all-stock deal valued at [...] -
Buffett votes against Kraft bid for Cadbury
NEW YORK (Fortune) – Kraft’s biggest shareholder isn’t sweet on the food giant’s hostile bid for candy maker Cadbury.
Billionaire investor Warren Buffett said Tuesday he voted against Kraft’s (KFT, Fortune [...]
