3G Capital, the private-equity firm founded by Brazilian billionaire Jorge Paulo Lemann, agreed to acquire Kraft Foods in partnership with Warren Buffett’s Berkshire Hathaway and merge it with H.J. Heinz. Gamco Investors Founder and CEO Mario Gabelli speaks on “Bloomberg Surveillance.” (Source: Bloomberg)
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CPI Inflation Rises to 2.7% in November as FOMC Meeting Looms
Inflation rose for the second straight month, but investors remain confident in a December rate cut. The Consumer Price Index (CPI) rose to 2.7% in November, up from 2.6% the...