Wal-Mart (WMT) is planning to enter the market for local convenience stores in large cities, The Financial Times reported.
Wal-Mart, the largest U.S. retailer, is looking at property for smaller-format stores in urban areas including San Francisco an…
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.
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
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…
Green Mountain Coffee Roasters will buy gourmet coffee roaster Van Houtte for C$915 million ($891 million).
Continue reading Green Mountain Coffee Roasters to Buy Van Houtte for $891 Million
Gree…