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Food Products Packaged Food and Meats

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  • NEW YORK, March 27- The macaroni and ketchup merger of Kraft Foods Group and H.J. Brazilian private equity firm 3 G Capital Partners and Warren Buffett's Berkshire Hathaway announced a $46 billion deal to consolidate the companies Wednesday, one that will create the No. 3 packaged food maker in North America after PepsiCo and Nestle USA.. That should take some...

  • 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.

  • March 25- Kraft Foods Group Inc, the maker of Velveeta cheese and Oscar Mayer meats, will merge with ketchup maker H.J. Heinz Co, owned by 3 G Capital and Berkshire Hathaway Inc, to form North America's third-largest food and beverage company. Brazilian private equity firm 3 G Capital and Warren Buffett's Berkshire Hathaway acquired Heinz for $23.2 billion in...

  • Kraft Foods to merge with ketchup maker Heinz Wednesday, 25 Mar 2015 | 6:09 AM ET

    March 25- Kraft Foods Group Inc said it would merge with ketchup maker H.J. Heinz Co, owned by 3 G Capital and Warren Buffett's Berkshire Hathaway Inc, to form the third-largest food and beverage company in North America. Kraft shareholders will receive stock in the combined company and a special cash dividend of $16.50 per share, which will be funded by Berkshire...

  • March 24- Kraft Foods Group Inc, maker of Velveeta cheese and Oscar Mayer meats, is in talks to be acquired by Brazilian private equity firm 3 G Capital, a source familiar with the matter told Reuters on Tuesday. 3 G teamed up with Warren Buffett's Berkshire Hathaway Inc to acquire Ketchup maker H.J. The Wall Street Journal first reported on the possible deal and said...

  • 3G Capital in talks to buy Kraft Foods Group: DJ Tuesday, 24 Mar 2015 | 7:05 PM ET

    The Brazilian firm has some $5 billion burning a hole in its pocket and has been searching for acquisition deals, according to the Journal.

  • Goodbye Green Giant? General Mills looks to sell Wednesday, 11 Mar 2015 | 9:47 AM ET
    General Mills' Green Giant brand frozen vegetables for sale at a supermarket in Princeton, Illinois.

    General Mills is looking to sell its Green Giant frozen and canned vegetable business, people familiar with the matter said.

  • China goes organic amid food scandals Friday, 2 Jan 2015 | 12:20 AM ET
    An employee works with produce at a farm that practices organic farming techniques in Beijing.

    An organic food craze is emerging among Chinese urbanites as safety woes spur the younger generation toward alternative ways to buy produce and meat.

  • Snack wars: Would you eat a chip made from beans? Monday, 15 Dec 2014 | 10:03 AM ET
    Beanitos bean chips

    Salty snacks are a $16 billion business, but Americans are increasingly looking for something healthier. Like beans.

  • How NOT to kill yourself cooking turkey Wednesday, 26 Nov 2014 | 7:51 AM ET
    How NOT to kill yourself cooking turkey

    Susan Smith, Butterball turkey expert, shares tips on how to safely prepare a Thanksgiving turkey.

  • Hershey says higher milk prices, dollar hurt profit Wednesday, 29 Oct 2014 | 10:59 AM ET

    Hershey cut its full-year earnings and revenue growth forecasts, citing higher dairy prices, a stronger dollar and weak sales growth in some markets.

  • Yum's China sales jump as KFC bounces back Wednesday, 16 Jul 2014 | 4:38 PM ET

    KFC parent Yum Brands Inc on Wednesday said second-quarter sales at established restaurants in China, its No. 1 market, jumped 15 percent

  • Higher costs at the grill Wednesday, 2 Jul 2014 | 2:51 PM ET
    Higher costs at the grill

    How rising meat prices are affecting local butchers and restaurants, with Pat LaFrieda Jr., LaFrieda Meat Purveyors CEO.

  • BBQ lovers burned by price hike Wednesday, 2 Jul 2014 | 2:50 PM ET
    Severe drought is a contributing factor in the declining cattle count, which has sent wholesale beef prices up.

    Record high prices for both ground beef and sirloin are creating expensive Fourth of July barbecues. CNBC's Kate Kelly reports.

  • Not enough preservatives?! Velveeta recalled Friday, 20 Jun 2014 | 7:47 AM ET

    Velveeta, a processed cheese, is getting yanked off the shelves in 12 states for not having enough preservatives.

  • US confident new vaccine will help fight pig virus Wednesday, 18 Jun 2014 | 11:46 AM ET

    US Agriculture Secretary is confident an approved vaccine would help fight a deadly virus that has killed millions of pigs.

  • Hillshire drops bid for Pinnacle after Tyson deal Monday, 16 Jun 2014 | 8:07 AM ET
    Tyson Food and Hillshire Brands food products

    Hillshire Brands said it will withdraw its recommendation to its shareholders to vote for its acquisition of Pinnacle Foods.

  • Pig virus boosts bacon prices Wednesday, 4 Jun 2014 | 10:25 AM ET
    Pig virus boosts bacon prices

    Pork prices continue to climb in part due to a deadly pig virus, reports CNBC's Jane Wells.

  • Bacon news: The pig show must go on! Wednesday, 4 Jun 2014 | 8:41 AM ET
    Bacon news: The pig show must go on!

    Despite a deadly pig virus, the World Pork Expo is underway in Iowa, reports CNBC's Jane Wells.

  • Meat brawl over Hillshire Brands heats up again Tuesday, 3 Jun 2014 | 6:13 AM ET
    Packages of Sara Lee Corp. Hillshire Farm deli meat are displayed for sale in a supermarket in Princeton, Illinois.

    Pilgrim's Pride is planning to raise its offer for Hillshire a week after it first offered to buy it in a $6.4 billion deal.