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NEW YORK— Popular ride-hailing app Uber has raised $1.6 billion in a deal with Goldman Sachs wealth management clients. Goldman Sachs spokeswoman Andrea Raphael says the financing comes in the form of a bond that can later be converted into stock when Uber goes public. That puts it in the ballpark of public companies such as DirecTV and Kraft Foods.
Jan 7- Keurig Green Mountain Inc will sell Dr Pepper Snapple Group Inc's soda pods for its at-home cold beverage system, Keurig Cold, expected to be launched this year. The Wall Street Journal reported earlier on Wednesday that the two companies had signed a deal. Keurig signed a deal with Coca-Cola Co in September to sell the carbonated drink maker's Honest Tea...
Dec 18- Kraft Foods Group Inc on Thursday said Tony Vernon would retire as chief executive officer later this month, with Chairman John Cahill succeeding him as the company battles sluggish demand for packaged food products in the United States. Kraft shares rose 6.4 percent to close at $63.38, an all-time high since the company was spun off from Mondelez...
Dec 18- Kraft Foods Group Inc on Thursday said Tony Vernon would retire as chief executive officer later this month, with Chairman John Cahill succeeding him as the company tries to accelerate its growth. Vernon, who has headed the company since it was spun off from Mondelez International Inc in October 2012, has focused on expanding its reach among growing...
Dec 18- Kraft Foods Group Inc appointed Chairman John Cahill as chief executive to succeed Tony Vernon, who has headed the company since it was spun off from Mondelez International Inc in October 2012. Cahill, who will remain chairman, formerly worked at PepsiCo Inc and served as CEO of Pepsi Bottling Group Inc.. Kraft said Vernon will retire as CEO on Dec. 27 but will...
Dec 18- Kraft Foods Group Inc appointed Chairman John Cahill as chief executive to succeed Tony Vernon, who will retire on Dec. 27.
Kraft Foods announced on Thursday that its board of directors has named John Cahill to the position of Chairman and CEO of the company.
Companies making headlines before the bell Thursday.
Vermont-based Keurig Green Mountain will move most of its U.S. coffee buying operation to Switzerland, following rivals who have already moved.
Nearly 1 in 6 Americans go hungry. Most at risk: children and the elderly. Companies are rushing to help during the holidays.
U.S. stocks rallied into the close, with the Dow ending the day at a record amid encouraging economic reports on Wednesday.
Take a look at some of Wednesday's midday movers:
NEW YORK, Dec 3- Kraft Foods said on Wednesday it will raise prices on most of its single-serve coffees in the United States by approximately 9 percent, effective Dec. 28, due to sustained price increases in associated raw material markets.
Food giant Unilever is suing Hampton Creek, maker of eggless spread Just Mayo, accusing it of false advertising and fraud, the New York Times reports.
NEW YORK, Nov 11- Mondelez International Inc said on Tuesday it will pay $370 million to buy an 80 percent stake in Vietnamese company Kinh Do Corp's snack business. Mondelez, based in Deerfield, Illinois, already has a small presence in Vietnam selling some of its Oreo, Ritz and Cadbury products. Mondelez will acquire two Kinh Do manufacturing facilities, as well as...
Kraft Foods Group fired most of its advertising agencies this week, the company confirmed to CNBC.com.
Colorado and Oregon ballot measures to label food products that have GMOs were defeated, but proponents vow to fight on.
U.S. stock index futures traded lower on Thursday, after the Federal Reserve announced the end of quantitative easing.
Some of the names on the move ahead of the open.
Check out which companies are making headlines after the bell Wednesday: Kraft, Twitter, Visa & more.