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JP Morgan has appointed Hernan Cristerna and Chris Ventresca to the newly created roles of co-heads of global mergers and acquisitions (M&A), according to a memo seen by Reuters.Cristerna, 48, was previously head of M&A for Europe, Middle East and Africa, while Ventresca, 46, was head of M&A for North America. They will report to Jeff Urwin, global head of investment banking.A spokeswoman for the bank confirmed the contents of the memo.JP Morgan ranks second behind Bank of America Merrill Lynch on worldwide M&A advisory with $161.5 billion of announced deals since the beginning of the year according to Thomson Reuters data.The investment bank has advised on some of the most significant transactions of the year, including the $28 billion acquisition of Heinz by 3G Capital and Berkshire Hathaway Inc , Virgin Media Inc's $23.3 billion merger with Liberty Global Inc and General Electric Co's $18.1 billion sale of NBCUniversal to Comcast Corp .Most recently, Ventresca led Virgin Media's Lib...
Bimbo Bakeries USA parent company BBU Inc. said it has voluntarily recalled certain bagels due to the possible presence of metal fragments caused by a faulty manufac...
Orbitz Worldwide Inc.'s (OWW) new Chief Financial Officer Mitch Marcus has resigned after fewer than two months on the job.Both parties decided "this wasn't the righ...
Hormel Foods Corp. (HRL) agreed to buy Unilever's (UN, ULVR.LN) Skippy peanut butter business for about $700 million in cash, a play to strengthen its position in a ...
ConAgra Foods Inc sealed a deal to buy long-time target Ralcorp Holdings Inc for $5 billion, or $90 per share, after a nearly two-year pursuit. Ralcorp rejected seve...
Wal-Mart (NYSE:WMT) protests have broken out at dozens of stores across the country, but lost in the commotion is the reality of the work life at Wal-Mart -- and wha...
It's time to stop lamenting the Twinkie and do something.The Washington Post just ran a "eulogy" for the cellophane-wrapped snack cake. The Chicago Tribune ran a "re...
Mondelez International Inc Chief Executive Irene Rosenfeld is happy with her new company's current portfolio, but told Reuters on Wednesday that there may be chances...
Mandalay Entertainment CEO Peter Guber on aspiring actor Vivek Shah’s extortion attempt and director Tony Scott’s suicide.
J.M. Smucker Co. said Friday its first-quarter profit dipped 1% to $111 million, or $1 a share, from $111.5 million, or 98 cents a share, in the year-ago period. Adj...
Ralcorp. , the St. Louis maker of cereal, snacks, sauces and bakery products, said Wednesday its third-quarter profit rose as it absorbed the acquisitions of the Sar...
Mexican baking company Grupo Bimbo SAB (BIMBO.MX) said Wednesday that its net profit fell slightly in the second quarter compared with a year ago, as higher operatin...
Peet's Coffee & Tea shares surged 29% to $73.60 Monday morning after the coffee chain agreed to be acquired by privately-held Joh. A. Benckiser for $1 billion, or $7...
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...
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...
A group led by investment firm Joh. A. Benckiser GmbH is in talks with the owner of Douwe Egberts coffee about a potential takeover which could value the Dutch compa...
Hostess said on Thursday Grupo Bimbo, a Mexico-based bakery, scored the top bid at an auction for its Beefsteak rye brand, while Flowers Foods (NYSE:FLO) is set to b...
Hillshire Brands CEO Sean Connolly on how the company is innovating its brands in an effort to boost sales.
J.M. Smucker (NYSE:SJM) revealed a third-quarter beat on the top and bottom lines on Friday as an infusion from the recently acquired Sara Lee coffee business helped...
The union and pension fund for Hostess Brands Inc has hired Gordian Group, an investment bank specializing in distressed cases, to help preserve jobs and workers' be...