Kraft posted sales that missed Wall Street expectations Thursday.» Read More
Irene Rosenfeld, chief executive officer of Kraft Foods, told CNBC’s “Squawk on the Street” that she expects strong future growth from the newly independent company.
Cramer coaches viewers on whether to dump Altria after the spinoff, how to use the Dean Foods dividend to make money, and what alternative fuels mean for the struggling automakers - and for struggling Americans.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Kraft Foods, the largest North American food maker, will join the Standard & Poor's 500 stock index after the close of trading on March 30.
Stephen Sanger, CEO of General Mills, talked about the company's latest earnings, which rose 9% in the third quarter, with CNBC's Erin Brunett, saying increased sales helped offset rising prices for ingredients.Burnett asked the CEO about the so-called corn craze sparked by bio-fuels -- and whether that will further pressure input (raw material and ingredient) pricing. He predicted ripples throughout the food market: rising corn prices will indeed drive up other grains, and in turn higher feed prices will make meat more costly.
Altria Group said its shareholders will receive 0.692024 of a Kraft Foods share for each Altria share held as of the close of business on March 16 as it completes its spinoff of the largest North American food maker.
Kraft Foods unveiled a four-part plan on Tuesday that calls for making its products more enticing to consumers, and cutting costs as it tries to boost lagging sales and profits.
It's a stock-watcher's cliché to call Altria shares "smoking" -- but don't tell that to Bonnie Herzog. She's a beverage and tobacco analyst at Citigroup, and she says the company formerly known as Philip Morris is, yes, on fire.
Fourth-quarter earnings of $1.27 outpaced a Thomson Financial consensus estimate of $1.22 a share in the fourth quarter. Last year, Altria earned $1.17 a share.
The world's second-largest food company behind Nestle said progress from its turnaround effort is not yet sufficient, but it will still be some time before investors learn of its strategy.
Altria shareholders will receive 0.7 share of Kraft for every Altria share held. Shareholders will receive cash in lieu of fractional shares for amounts less than one Kraft share. The exact distribution ratio will be determined on the record date.
Altria Group's plan to spin off its Kraft Foods unit is likely to be challenged by at least one plaintiff's attorney representing smokers, which could delay and complicate the transaction.
Kraft Foods agreed to sell 114-year-old hot cereal brand Cream of Wheat to B&G Foods in a $200 million deal.
As we've reported--New York became the first city in the U.S. to ban trans-fats in restaurant food. But the ban will affect companies with a reach far beyond the Five Boroughs. Wendy’s International, McDonald’s, Kraft and Kellogg will all have to adjust as a result – at least in the near term – at the expense of their P&L sheets.
NASCAR ain’t just whistling Dixie: It’s alive and kicking all over America. CNBC’s Darren Rovell proved it in Times Square, where he spoke to some of the racing association’s biggest names. Top drivers toured New York City streets for the fourth straight year, garnering applause while reconfirming the auto sport’s rising popularity beyond its Southern roots.