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  • NEW YORK, March 25- When Kraft Foods Group merges with H.J. Heinz Co, they will share a name, a central place in the American kitchen and two headquarters near Chicago and Pittsburgh. Heinz's backer, Brazilian private equity firm 3 G Capital Partners, has made a name for itself by aggressively trimming the fat from food and beer companies struggling for growth.

  • *Asia under pressure as tech stocks drag on Wall St. *Oil up as Saudi Arabia launches military strikes on Yemen rebels. A dearth of economic data in Asia meant the path of least resistance was lower and MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.5 percent.

  • GLOBAL MARKETS-Asia shares slip as soft US data dims mood Wednesday, 25 Mar 2015 | 7:55 PM ET

    *Asia under pressure as tech stocks drag on Wall St. SYDNEY, March 26- Asian shares slipped on Thursday as losses on Wall Street and soft U.S. economic data soured sentiment, while the dollar's bull run looked to have stalled for the time being. A dearth of economic data in Asia meant the path of least resistance was lower and MSCI's broadest index of Asia-Pacific...

  • Heinz Co, which is controlled by 3 G Capital and Buffett's Berkshire Hathaway. His larder already included everything from Burger King's Triple Whopper burgers, Coca-Cola soft drinks and Tim Horton donuts to See's Candies and Dairy Queen icecream Blizzards, as well as such Heinz brands as Tomato Ketchup, Ore-Ida fries, bagel bites and T.G.I. Friday's...

  • US STOCKS-Wall St drops as biotechs, semis hit Nasdaq Wednesday, 25 Mar 2015 | 4:30 PM ET

    NEW YORK, March 25- U.S. stocks dropped on Wednesday as a slump in technology and biotechs sent the Nasdaq to its biggest decline in nearly a year while the S&P 500 fell through key support levels. The index finished below its 14- day average for the first time since Feb. 11 and its 50- day moving average for the first time since Oct. 17. "We've got a little bit of a reprieve...

  • Heinz Co, backed by Warren Buffett's Berkshire Hathaway Inc and Brazilian private equity firm 3 G Capital, will combine with Kraft Foods Group Inc to create the third-largest North American food company, executives said on Wednesday. The deal deepens Buffett's hold on leading U.S. food brands, as well as that of 3 G founder Jorge Paulo Lemann, Brazil's richest man.

  • Heinz-Kraft deal: The stories behind the brands Wednesday, 25 Mar 2015 | 2:41 PM ET

    NEW YORK— The combination of H.J. Heinz Co. and Kraft Foods Group Inc. will bring many of America's oldest and best-known brands under the same corporate roof. Pearle Bixby Wait started mixing powdered gelatin with fruit flavors and sugar. The result was sold to the Genesee Pure Food Company in 1899, and within a few years, advertisements in The Ladies Home...

  • US STOCKS-Wall St drops as biotechs, semis stumble Wednesday, 25 Mar 2015 | 2:18 PM ET

    *Kraft, Kofax surge on separate M&A deals. NEW YORK, March 25- U.S. stocks fell on Wednesday, with losses accelerating after short-term technical indicators failed, while recent winners stumbled as investors cashed in towards the end of the quarter after a gauge of industrial orders unexpectedly fell last month. The 50- day is at 2,067, we bounced right off of that, "...

  • *Gold near $1,200 an ounce as dollar dip lifts oil. NEW YORK, March 25- Wall Street stocks tumbled and the dollar slipped on Wednesday after government data signaled the U.S. economic expansion was slowing, while gains in the euro prompted a pullback in European stock markets. The main U.S. stock indices were off more than 1 percent midway through a session that began...

  • US STOCKS-Wall St falls as short-term technicals weaken Wednesday, 25 Mar 2015 | 12:51 PM ET

    *Kraft up 42 pct, Kofax adds 46 pct after separate deal news. NEW YORK, March 25- U.S. stocks fell on Wednesday, with losses accelerating after short-term technical indicators failed and after a gauge of industrial orders that unexpectedly fell last month. "The S&P was trying to hold just below 2,090 but failed; maybe it's not much more than technical levels traders...

  • Heinz Co, owned by 3 G Capital and Warren Buffett's Berkshire Hathaway Inc, is buying a majority stake in Kraft Foods Group Inc to create the third-largest North American food company, executives said on Wednesday. Company Annual sales Brands PepsiCo Inc $37.2 bln Pepsi, Lays, Tropicana,. *Reuters calculations based on data from annual report All figures for...

  • US stocks move lower following drop in durable goods Wednesday, 25 Mar 2015 | 12:04 PM ET

    NEW YORK— U.S. stock indexes are moving lower, bringing the market further below record highs reached earlier this month. The Standard& Poor's 500 fell 15 points, or 0.7 percent, to 2,076 as of 11:45 a.m. Eastern. The index is 2 percent below the all-time high it reached March 2.

  • GLOBAL MARKETS-Wall St, dollar slip on U.S. growth worries Wednesday, 25 Mar 2015 | 11:40 AM ET

    NEW YORK, March 25- Wall Street stocks and the dollar slipped on Wednesday as government data signaled the U.S. economic expansion was slowing, while gains in the euro prompted a pullback in European stock markets. A modest lift at the opening bell for U.S. stocks on news of a deal between Kraft Foods and Heinz Co to create North America's third-largest food company...

  • US STOCKS-Wall St off in choppy trading after soft data Wednesday, 25 Mar 2015 | 11:30 AM ET

    *Kraft up 42 pct, Kofax adds 46 pct after separate deal news. NEW YORK, March 25- U.S. stocks fell in choppy, tight-range trading on Wednesday, with indexes reacting to moves in currency markets and to a gauge of industrial orders that unexpectedly fell last month. "The dollar strength can sap earnings growth, but if you continue to see soft economic data here, a...

  • Heinz Co, owned by 3 G Capital and Warren Buffett's Berkshire Hathaway Inc, is acquiring a majority stake in Kraft Foods Group Inc to create the third-largest North American food company, executives said on Wednesday. Shares of Kraft were up more than 38 percent near $85 in morning trading. The deal would provide Heinz with access to Kraft brands, which it says are...

  • *Kraft up 27 pct, Kofax adds 45 pct after separate deal news. *Kofax Ltd rallied 45 percent premarket after Lexmark International, known for its printers, said it would buy Kofax in a deal of about $1 billion. Lexmark shares jumped 7.9 percent.

  • March 25- Kraft Foods Group Inc, the maker of Velveeta cheese and Oscar Mayer meats, will merge with ketchup maker H.J. Heinz Co, owned by 3 G Capital and Berkshire Hathaway Inc, to form North America's third-largest food and beverage company. Brazilian private equity firm 3 G Capital and Warren Buffett's Berkshire Hathaway acquired Heinz for $23.2 billion in...

  • March 25- Kraft Foods Group Inc, the maker of Velveeta cheese and Oscar Mayer meats, will merge with ketchup maker H.J. Heinz Co, owned by 3 G Capital and Berkshire Hathaway Inc, to form the world's fifth-largest food and beverage company. The combined company will have eight brands worth more than $1 billion each and five worth $500 million- $1 billion each, the...

  • Kraft Foods to merge with ketchup maker Heinz Wednesday, 25 Mar 2015 | 6:09 AM ET

    March 25- Kraft Foods Group Inc said it would merge with ketchup maker H.J. Heinz Co, owned by 3 G Capital and Warren Buffett's Berkshire Hathaway Inc, to form the third-largest food and beverage company in North America. Kraft shareholders will receive stock in the combined company and a special cash dividend of $16.50 per share, which will be funded by Berkshire...

  • WASHINGTON— Inspired by the popular " USDA organic" label, House Republicans are proposing a new government certification for foods free of genetically modified ingredients. Under the legislation, the Agriculture Department would oversee the certification, as it does with organics. But while organic foods must be USDA- certified to carry any organic label on a...