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Pinterest raises $200 million, now worth $5 billion
FORTUNE — Pinterest raised $200 million in new capital, the company has announced. This recent funding brings the company’s valuation to about $5 billion, making it one of the most valuable...
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Lower gas prices won’t save the holiday season
With gas prices now under $3 per gallon, Americans are feeling less pain at the pump. But that probably won't be enough to guarantee beleaguered retailers a happy holiday season. The national average...
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Kraft’s chairman adds CEO title to run food maker
Kraft Foods Group announced Chairman John Cahill will also take on the chief executive role, leading a food-and-beverage giant at a time when many of the largest packaged foods companies are facing a...
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The Grammys, food earnings and Goldman Sachs — five things to watch for in...
Hello friends and Fortune readers. If you’re a lover of good music, good food and good tech, next week is a big one in business news. That’s because the Grammy Awards will kick off things off Sunday....
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Kraft Foods reports loss, says CFO and other executives to leave
(Reuters) – Kraft Foods said its chief financial officer and two other senior executives would leave the company, and the maker of Velveeta cheese and Oscar Mayer meats reported a quarterly loss due to...
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Why your favorite comfort food is going healthy
Kraft really wants consumers to know its signature comfort food has a healthy side. In a new series of ads, the company is pushing its Kraft Macaroni and Cheese as packed with protein, according to...
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Heinz, Kraft agree to merge, forming a new food giant
HJ Heinz, owned by Warren Buffett’s Berkshire Hathaway brk.a , is to merge with Kraft Foods Group KRFT , creating a new giant in the food industry and paving the way for Heinz to return to the stock...
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Here’s what happens when 3G Capital buys your company
To hear Jorge Paulo Lemann describe the corporate philosophy of private-equity group 3G Capital, you’d think he was talking about running a marathon: “You're running, you're always close to a limit,...
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Why Jell-O could disappear forever
If you’re a fan of Jell-O, it may be time to stock up. One analyst thinks we could soon be seeing the end of the jiggly, fruity treat forever. Morningstar analyst Erin Lash suggested that Jell-O could...
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Jury: Heinz didn’t steal the most amazing innovation in ketchup history
Heinz doesn’t owe any money to a Michigan man who claimed the condiment company used his idea for a new ketchup container for its own product, a federal jury found Wednesday. The man, 44-year-old food...
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Apple and Twitter report earnings – 5 things to watch in the week ahead
Hello friends and Fortune readers, More tech earnings are on the way this week beginning Monday with Apple AAPL , just days after making its highly-anticipated Watch available. Twitter TWTR , GoPro...
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From McDonald’s to Barbie, iconic brands are struggling
Times change and so do consumption habits. The following iconic brands, companies, and products once seemed to be timeless, but now it seems the titans are teetering. Part of these shifts in buying...
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Kraft Heinz begins trading as merged company
Kraft Heinz, the newly merged food behemoth joined under the direction of Warren Buffett and investment firm 3G Capital, kicked off trading on the public markets with a small gain on Monday. Shares of...
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Kraft recalls 36,000 cases of cheese because of potential choking hazard
There’s nothing better than a simple grilled cheese sandwich made with Kraft American singles. But it’s probably not worth choking over. Kraft has received 10 complaints stating that a thin strip of...
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Kraft’s recall of cheese Singles just got a lot bigger
The Kraft Singles recall of the popular cheese slices just became about 10 times larger. What first included about 36,000 packages of the product recalled due to a sliver of plastic film staying...
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Walmart Is Getting Sued for Selling Cheese Filled with Wood
Walmart wmt is getting sued for a surprising reason, especially for cheese-lovers. The retailer has reportedly received a lawsuit for selling Parmesan cheese with wood filler, Bloomberg reported. The...
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Kraft Mac & Cheese Changed Its Recipe and Nobody Got Mad
Kraft Heinz is claiming it has pulled off a rare food industry coup: Almost no one noticed the quiet rollout of the company’s reformulated recipe for its iconic macaroni & cheese. Kraft says it...
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