Food Products
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Beef demand is up, and supplies are down, reports CNBC's Jane Wells. One California rancher Bud Sloan is having to buy feed because of the drought, and has cut his herd nearly in half.
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*KC Fed bank survey follows St. Louis and Chicago. CHICAGO, Feb 15- Farmland values in the U.S. The KC Fed district stretches across major wheat, corn and cattle states of Colorado, Kansas, Nebraska, Oklahoma and Wyoming along with parts of New Mexico and Missouri.
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*Stock traded above offer price Thursday. Feb 15- Warren Buffett says he will not pay a penny more than the $72.50 a share he is already offering for ketchup maker H.J. Heinz Co, and after an initial hesitation, most investors seem to be taking him at his word.
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Feb 15- Burger King Worldwide Inc, the third-largest U.S. hamburger chain, on Friday posted higher-than-expected quarterly profit, helped by cost cuts and new holiday sweets, premium sandwiches and special deals that boosted restaurant sales in the United States and Canada.
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*Yen falls on indications G20 won't target Japan's policies. *Wall Street slips, despite improved U.S. consumer confidence.
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NEW YORK, Feb 15- The yen slid against the euro and dollar on Friday after investors piled on bearish bets, while U.S. and European stocks edged higher on surprising U.S. consumer sentiment and optimism that a surge in dealmaking suggests valuations aren't too pricey.
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Data that showed manufacturing in New York state expanded in February for the first time in seven months, boosted by a surge of new orders, and a survey that reported improved U.S. consumer sentiment in February also lifted Wall Street.
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Feb 15- Campbell Soup reported a higher-than-expected quarterly profit on Friday as gains in its soup and snacks businesses offset a decline in its drinks unit. Overall, net sales increased 10 percent to $2.33 billion, due mostly to the company's recent acquisition of Bolthouse Farms.
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*UK's No. 1 retailer promises "world class" food testing. LONDON, Feb 15- Tesco, Britain's biggest supermarket chain, has responded to the scandal of horsemeat being sold as beef with a pledge to offer customers insight into its global supply chain.
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Silver Lake partnered with technology billionaire Michael Dell earlier this month to take his eponymous PC maker private for $24.4 billion in the largest leveraged buyout since the financial crisis.
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Feb 15- Campbell Soup reported a higher-than-expected quarterly profit on Friday as gains in its soup and snacks businesses more than offset a decline in its drinks unit. Overall, net sales increased 10 percent to $2.33 billion, due mostly to the company's recent acquisition of Bolthouse Farms.
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*MSCI Asia ex- Japan pauses, but set for biggest weekly gain since Jan. 6. TOKYO, Feb 15- Weak euro zone growth data dampened sentiment in markets from Asian shares to copper to gold, while the yen was jittery as investors awaited news from the G20's Moscow meeting.
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Just take a look at his portfolio to find out. CNBC's Chloe Cho and Deirdre Wang-Morris discuss the wizard of Omaha's food-related stocks in light of his recent purchase of ketchup maker Heinz.
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Feb 14- At the heart of the $23 billion buyout of iconic American company H.J. Heinz Co is a low profile Brazilian group founded by a banker-turned-beer magnate. 3 G Capital, which teamed up with Warren Buffett's Berkshire Hathaway Inc for the deal, has aggressively eyed U.S. consumer companies over the last several years.
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NEW YORK, Feb 14- The S&P 500 eked out a small gain for a third straight session on Thursday, helped by a flurry of merger activity, though investors see no catalysts to lift the market further with major averages near multi-year highs.
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LONDON, Feb 14- Wal-Mart Stores Inc's British supermarket arm, Asda, said on Thursday it had discovered horse DNA in its beef bolognese sauce and was withdrawing that product and three others from its stores. Asda has about 550 shops across the UK. It said the products were made at the Irish food group Greencore's plant in Bristol.
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NEW YORK, Feb 14- U.S. stocks were little changed on Thursday as investors found few reasons to keep pushing prices higher with major averages near multi-year highs, though a flurry of merger deals kept indexes steady. Wall Street has rallied lately, with the S&P 500 briefly hitting its highest intraday level since November 2007 in Wednesday's session.
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NEW YORK, Feb 14- U.S. stocks were little changed on Thursday as a flurry of merger deals and better-than-expected jobs data offset signs of economic weakness in Europe and Japan.
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*Paying $72.50 per share for Heinz. *Buffett says Berkshire putting up $12 bln- 13 bln cash. Feb 14- Warren Buffett's Berkshire Hathaway and Brazilian private equity firm 3 G Capital will buy ketchup maker H.J. Heinz Co for $23.2 billion in cash, a deal that combines 3 G's ambitions in the food industry with Buffett's hunt for growth.
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Feb 14- H.J. Heinz Co agreed on Thursday to sell itself to Warren Buffett's Berkshire Hathaway and 3 G Capital, a little-known Brazilian investment firm, for $23 billion cash.
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*Paying $72.50 per share for Heinz. *Buffett says Berkshire putting up $12 bln- 13 bln cash. Feb 14- Warren Buffett's Berkshire Hathaway and private equity firm 3 G Capital will buy ketchup and baby food maker H.J. Heinz Co for $23.2 billion in cash, a deal that combines 3 G's ambitions in the food industry with Buffett's hunt for growth.