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Activist hedge fund manager William Ackman reported slightly increased stakes in Burger King Worldwide Inc. (BKW) and Mondelez International Inc. (MDLZ), while paring back stakes in Matson Inc. (MATX) and call options in Procter & Gamble Co. (PG) in the first quarter.His hedge fund, Pershing Square Capital Management L.P., disclosed in a securities filing on Wednesday that it held 38,372,120 shares of Burger King, up slightly from 38,361,360 at the end of December.Pershing Square disclosed in April that it took a new 5,978,214-share stake in Mondelez, the global snacks business that split off from Kraft Foods last year.As of the end of March, that stake had increased to 5,978,956 shares. Pershing had asked for confidential treatment for the holdings when it filed its fourth quarter report in February but that was lifted in April.The hedge fund's holding of Matson declined to 3,033,985 in the first quarter, from 3,644,948 in the fourth quarter.Pershing's holding of Procter & Gamble shar...
The U.S. stock market jumped on Friday to end the trading week. The catalyst for the move higher was a strong jobs report, which briefly sent the Dow Jones Industria...
U.S. stocks on Friday rose to record heights -- the Dow industrials above 15,000 and the S&P 500 index above 1,600 -- as Wall Street celebrated the April jobs report...
The lean and mean parts of Kraft Foods Group Inc.'s (KRFT) standalone strategy started to crystallize after the food company saw cost savings materialize faster than...
Kraft Foods Group Inc.'s (KRFT) first-quarter earnings fell 5.6% as the company logged interest expenses and restructuring charges, masking modest revenue growth.Kra...
Kraft Foods Group Inc reported lower quarterly earnings on Thursday despite higher revenue.The U.S. maker of Maxwell House coffee, Oscar Mayer lunch meat and Planter...
Starbucks Corp. (SBUX), Kraft Foods Group Inc. (KRFT) and Mondelez International Inc. (MDLZ) will all have to wait a bit longer for a conclusion to their bitter brea...
With signs of a slower economy mounting, the near-term outlook for U.S. stocks isn't rosy, but investors may find comfort next week from the world's major central ba...
An investor group led by Joh. A. Benckiser agreed to acquire D.E. Master Blenders for $9.8 billion, giving the firm a larger footprint in the coffee market.D.E. Mast...
Starbucks Corp. (SBUX) is lowering the price of its packaged coffee sold in U.S. grocery stores, following similar moves by competitors now that green coffee prices ...
Starbucks Corp (NASDAQ:SBUX) on Friday said it would cut grocery list prices on its namesake and Seattle's Best packaged coffee by 10 percent or more on May 10, as c...
A group led by Joh. A. Benckiser GmbH is close to a deal to buy D.E. Master Blenders for roughly $10 billion, according to people familiar with the matter, as the in...
Kraft Foods Group Inc.'s (KRFT) Chief Executive Tony Vernon saw a nearly 50% increase in the value of his compensation last year, after taking the helm when the comp...
Cigna Corp. (CI) said Monday it will promote Thomas A. McCarthy to the role of chief financial officer, replacing Ralph J. Nicoletti, who is leaving the health insur...
Mondelez International Inc. (MDLZ) is trying to stay ahead of competitors, eyeing emerging markets' growing appetite for snacks.The maker of Oreos cookies, Cadbury c...
Mondelez International Inc.'s (MDLZ) first-quarter revenue growth missed long-term targets for the third straight period since spinning off its North American grocer...
Mondelez International Inc.'s (MDLZ) first-quarter earnings fell 30% amid impacts related to the spinoff of the snack giant's North American grocery business last ye...
U.S. stocks on Friday rose to record heights, with the Dow industrials soaring above 15,000 and the S&P 500 index above 1,600, as Wall Street celebrated the April jo...
U.S. stocks on Friday rose to record heights -- the Dow industrials above 15,000 and the S&P 500 index above 1,600 -- as Wall Street celebrated the April jobs report...
Kraft Foods Group Inc. (KRFT) is cutting prices 6% on Gevalia coffee sold at supermarkets and other retailers due to the drop in green coffee costs, following a simi...
