Cramer rarely likes to play piggyback and follow another investor into a stock. But this is an exception.» Read More
Warren Buffett's Berkshire Hathaway has accumulated an 8.6% stake in Kraft Foods, totaling over 132 million shares as of the end of the fourth quarter on December 31. That stake was worth $4.3 billion at that time. At today's closing price of $29.31, it's worth about $3.9 billion. EXPLORE WARREN BUFFETT'S INVESTMENTS WITH OUR NEW BERKSHIRE HATHAWAY PORTFOLIO TRACKER
Investors usually cash out ahead of a holiday weekend and, in this jittery environment, they found their reasons to sell today: a slew of bleak economic reports and a profit warning from Best Buy.
Friday's markets will likely continue to be vulnerable to credit worries. There are a few economic data points including import prices and the Empire State survey, both at 8:30 a.m. TIC data from the Treasury is released at 9 a.m. and industrial production comes out at 8:15 a.m. Consumer sentiment is due at 10 a.m.
List prices of Maxwell House, Yuban, Chock full o'Nuts and other popular coffee brands were raised on Tuesday as manufacturers pass on to consumers higher prices for green coffees.
Altria Group posted lower quarterly profit on Wednesday due to the spinoff last year of Kraft Foods, and set March 28 as the date for its planned spinoff of Philip Morris International.
Inflation worries continue. If the comments from companies during the last three days is any indication, Americans will be spending significantly more for food in the near future, due to significantly higher costs for corn, soybeans, sugar, and cocoa.
Roller coaster for futures this morning. First the ADP report was big, anticipating job increases of 130,000 from the nonfarm payrolls report on Friday, way above expectations of 40,000, and moved futures up about 4 points.
Kraft Foods on Wednesday posted a lower quarterly profit as higher costs for dairy products and other ingredients weighed on results at the largest North American food company.
While there's lots of important economic and earnings news Wednesday, we all know what matters most to the markets. That is whether the Fed cuts a quarter point or a half point from its target Fed funds rate.
The story lines are unabashedly goofy. Cavemen invent the wheel to transport a beer cooler made of stone, and a car buyer enlists the help of a tribal warrior in case he needs some extra negotiating leverage at the dealership.
What are the best trades when a volatile market acts like 100 squirrels in a bag?
Stocks closed sharply lower as investors remained skittish about the housing slump's toll on the economy and potential credit losses at big financial services companies.
Private-label cereal maker Ralcorp Holdings said Thursday it will purchase Kraft Foods' Post cereals unit, the nation's third largest with brands like Spoon Size Shredded Wheat and Post Raisin Bran.
Who says breaking up is hard to do besides Neil Sedaka? IAC/InterActive Corp (IACI) is splitting into 5 separate companies. And Kraft (KFT) may sell its cereal business. What's the trade?
Stocks closed lower as credit worries about Citigroup and other big financial institutions sparked a broad selloff.
Kraft Foods Inc is close to agreeing to a deal to sell its Post cereals business to store-brand food maker, Ralcorp Holdings Inc (RAH.N), for about $2.8 billion, the Wall Street Journal reported on Monday.
The mighty U.S. consumer may be starting to crack, just as the Federal Reserve signaled that it was through with interest rate cuts barring a sharper economic downturn.
Stocks closed up sharply following the latest interest-rate cuts by the Federal Reserve, ending the month of October on a strong note.
Google cracks $700, GDP blows away all estimates, and jobs growth might not be that bad after all. The stock market this Halloween is clearly forgetting what's been spooking it. All these headlines add up to a pretty robust day for the market, but how stocks end the day (and the month) will all depend on the Fed's decision and comments.
Kraft Foods Wednesday posted a 20-percent drop in quarterly profit, hit by soaring dairy costs, though sales and earnings still beat analysts' estimates.