by | Sep 15, 2010 | Towing
Investor Nelson Peltz sold 1.6 million shares in H.J. Heinz Co. (HNZ), reducing his stake by about one third. He now holds about 1% of the company’s shares.
Peltz has sold shares worth $75.9 million since Friday, Dow Jones Newswires reported.
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In 2006, Peltz successfully fought to get two directors on to the Heinz board as he tried to get the company to improve results.
Heinz…
Continue reading Investor Nelson Peltz Cuts Stake in Heinz
Investor Nelson Peltz Cuts Stake in Heinz originally appeared on DailyFinance on Wed, 15 Sep 2010 08:49:00.
Filed Under: Company News, People, Investing, Earnings, HJ Heinz Company, Retail, Stocks in the News
by | Sep 15, 2010 | Towing
The corn refining industry is seeking to make one of the most common ingredients in American food sound a little more palatable to health-conscious consumers and food companies.
The Corn Refiners Associations filed a petition on Tuesday with the Food…
by | Sep 15, 2010 | Towing
Investor Wilbur Ross will buy Ireland’s troubled Education Savings Bank as part of a consortium with private equity outfit Carlyle and Dublin-based Cardinal Group.
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The consortium will close the deal for the bank, which has about $15 billion in deposits, as soon as next week, Ross told CNBC.
The consortium will “buy the bank and pour capital into it”, CNBC reported.
The Irish bank…
Continue reading Wilbur Ross, Carlyle Will Buy Ireland’s Education Savings Bank
Wilbur Ross, Carlyle Will Buy Ireland’s Education Savings Bank originally appeared on DailyFinance on Wed, 15 Sep 2010 07:49:00.
Filed Under: Company News, People, Investing, Taxes, Credit
by | Sep 15, 2010 | Towing
Zimmer Holdings is gaining fresh interest due to favorable prospects in the business in which it has a 25% market share, a stock that’s been depressed and an industry that’s consolidating. Plus, Zimmer is viewed as buyout prey …
by | Sep 15, 2010 | Towing
OnStar, a unit of General Motors that provides in-car safety and communications, unveiled new services that may allow drivers to verbally update their Facebook page and send text messages.
The new services would read the driver’s Facebook news feed o…
