Kraft-Heinz deal closes Today was Kraft Foods' last day of trading on the Nasdaq market place. CNBC's Dominic Chu reports.
UPDATE 1-Smucker cuts Folgers coffee prices to woo customers back NEW YORK, July 1- J.M. Smucker Co cut prices for most of its Folgers and Dunkin' Donuts coffee brands sold in the United States by 6 percent, the biggest U.S. roaster said on Wednesday, partially reversing last year's price hikes to woo back customers. The company is the first U.S. roaster to cut prices after a customer backlash following a 9 percent price hike just over a...
| By: Marcy Nicholson
Smucker cuts Folgers coffee prices after 2014 increase NEW YORK, July 1- J.M. Smucker Co cut prices for most of the Folgers and Dunkin' Donuts coffee brands sold in the United States by 6 percent, the biggest U.S. roaster said on Wednesday, after a price hike last year led to a loss of market share. In June, Smucker raised list prices on most of its U.S. packaged coffee by roughly 9 percent for the first time in three years because a...
Heinz executives to dominate Kraft Heinz leadership Heinz Co after that company merges with Kraft Foods Group Inc, both companies said. Brazilian firm 3 G Capital and Warren Buffett's Berkshire Hathaway Inc bought Heinz in 2013.. The two who will remain are Jim Savina, who will become Kraft Heinz's general counsel, and George Zoghbi, who will become chief operating officer of the U.S. commercial business.