Topic: H.J. Heinz

U.S. food giant Kraft Heinz said Tuesday it will cut costs by $2 billion and seek to increase sales under a five-year turnaround plan.

In a move that the food giant says will eliminate duplication, Kraft Heinz announced Wednesday that it will immediately cut 2,500 jobs in North America.

A mega merger between Kraft and Heinz has been completed -- forming the world's fifth-largest food and beverage company, company officials said Thursday.

Kraft Food Group Inc. and H.J. Heinz Co. have agreed to a merger to form the world's fifth-largest food company and North America's third-largest.

Berkshire Hathaway will purchase Procter & Gamble's Duracell unit for $4.7 billion in P&G stock, while P&G will inject $1.8 billion in cash into company.

Heinz and Ford announced that they are partnering up to reseaarch ways to repurpose discarded tomatoes into "100 percent plant-based plastic" auto parts.

U.S. fast food giant McDonald's said the ketchup it buys just got personal, saying it would quit doing business with H.J. Heinz because of a managerial change.

The new owners of H.J. Heinz announced Tuesday 600 office jobs are being cut, 350 in Pittsburgh and the rest elsewhere in the United States and Canada.

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Wall Street kingpin Warren Buffett said 2012 was the year in which the big ones got away, referring to his pursuit of profitable acquisitions.