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Kraft Foods Group Inc

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  • Traders work the floor of the New York Stock Exchange.

    U.S. stocks plunged, closing more than 1 percent lower as investors weighed the impact of the strong dollar on the economy and earnings.

  • 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.

  • 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...

  • Kraft-Heinz cost-cutting impact will be limited Wednesday, 25 Mar 2015 | 1:28 PM ET
    Packages of Kraft Foods' Singles cheese slices are displayed at a supermarket in New York.

    The economic impact of cost cuts expected from the Kraft-Heinz merger announced Wednesday will likely be limited.

  • 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...

  • Buffett bonanza? Heinz and Kraft to merge Wednesday, 25 Mar 2015 | 12:39 PM ET
    Heinz and Kraft Foods to merge.

    Kraft Foods Group stock surges after the company announced a merger deal with H.J. Heinz.

  • 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...

  • Tech stocks drag European shares from multi-year highs Wednesday, 25 Mar 2015 | 12:27 PM ET

    LONDON, March 25- European shares retreated further from 7-1/ 2- year highs hit last week, led lower by weaker technology stocks that slid on the back of a sell-off in their U.S. peers. Germany's DAX equity index, which hit a record of 12,219.05 points last week, also fell 0.6 percent to 11,928.88 points. On Tuesday, figures showed Germany's private sector grew in March...

  • What the Kraft-Heinz deal means for food mergers Wednesday, 25 Mar 2015 | 12:01 PM ET
    Kraft Macaroni & Cheese and Heinz Tomato Ketchup

    The merger of Kraft and Heinz could pave the way for future food mergers, but dealmaking will likely dip in the near term, analysts tell CNBC.

  • DAX declines as European shares dip below multi-year highs Wednesday, 25 Mar 2015 | 11:48 AM ET

    LONDON, March 25- European shares retreated further from 7-1/ 2- year highs hit last week as a rebound in the euro pegged back stock markets and pushed the German market back off record highs. Germany's DAX equity index, which hit a record of 12,219.05 points last week, fell 0.6 percent to 11,928.88 points. On Tuesday, figures showed Germany's private sector grew in...

  • 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...

  • Warren Buffett uses 'Civil War' analogy on the euro Wednesday, 25 Mar 2015 | 11:21 AM ET
    Warren Buffett

    Billionaire investor Warren Buffett tells CNBC the "odds are good" the euro will continue to exist, but it may need modifications.

  • 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...

  • Cramer: Merger will bring new life to Kraft Wednesday, 25 Mar 2015 | 10:22 AM ET
    Heinz and Kraft Foods to merge.

    CNBC's Jim Cramer explained why the food giant will benefit from its newly announced merger with H.J. Heinz.

  • We have about $9.5B in the new Kraft-Heinz: Buffett Wednesday, 25 Mar 2015 | 9:44 AM ET
    Warren Buffett

    Warren Buffett says Berkshire Hathaway will have $9.5 billion worth of common stock in the newly merged H.J. Heinz-Kraft Foods company.

  • US STOCKS SNAPSHOT-Wall St rises at open after M&A news Wednesday, 25 Mar 2015 | 9:36 AM ET

    March 25- U.S. stocks opened higher on Wednesday despite weak industrial orders data, after a merger agreement between Kraft Foods and Heinz Co..

  • Dollar continues to weigh on Wall Street, data eyed Wednesday, 25 Mar 2015 | 9:23 AM ET

    U.S. stock index futures indicated a higher open on Wednesday, as volatility in the dollar continued to spook markets.

  • Early movers: KRFT, TSLA, AXP, AZO, FB & more Wednesday, 25 Mar 2015 | 7:58 AM ET
    A trader works on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.