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Beef recall announced over E. coli fears
NORTHFIELD, Ill., June 8 (UPI) -- Kraft Foods Inc. Friday said it was moving its stock exchange listing from the New York Stock Exchange to the Nasdaq.
The company is in the midst of spinning off its grocery business from its snacks operations. The decision to move stock exchanges will "yield greater cost efficiencies while providing visibility advantages for the company's iconic brands," Kraft said in a statement.
The company initially will trade on the Nasdaq as KFT, beginning June 26. After the company splits, KFT will be retired and the snack business, Mondelez International Inc., will trade as MDLZ, and Kraft Foods Group Inc. will trade as KRFT.
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ERBIL, Iraq, June 19 (UPI) --
Iraq's Kurds have consolidated their growing energy sector with Chevron Corp. securing a third exploration block in the semiautonomous northern region that increasingly operates as a de facto independent state and France's Total buying a majority stake in another.
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RIYADH, Saudi Arabia, June 19 (UPI) --
Britain's BAE Systems, Europe's biggest defense company, reportedly expects to wrap up a price deal with Saudi Arabia for 72 Eurofighter Typhoon combat jets after two years of tortuous negotiations.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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