Heinz-Kraft Merger Raises Fear Of Job Cuts


Heinz-Kraft merger raises fear of job cuts

The merger of H.J. Heinz Co. and Kraft Foods Group Inc. is raising fears of plant closures and job losses, as the new owners seek to cut costs. The makers of Heinz Ketchup and Kraft cheese announced the blockbuster deal Wednesday, a move backed by U.S. billionaire Warren Buffet and the Brazilian investment firm that owns…

Corsair Capital Adds 17.5% In 2021, Notes “Change In Leadership” In Markets

According to a recent interview, Corsair Capital's founder Jay Petschek did not plan to be a hedge fund manager. After holding various roles on Wall Street, Petschek decided to launch the fund in January 1991, when his family and friends were asking him to buy equities on their behalf. He realized the best structure for Read More

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