Heinz Kraft merger may escape FTC antitrust blocks
The Pittsburgh Post-Gazette reports that the Federal Trade Commission is moving to block the Sysco and US Foods merger, but the Heinz Kraft deal is unlikely to face similar antitrust concerns. Analysts note differences in market competition and possible needs to divest in specific product categories, while regulators weigh consolidation risks and consumer impact.
MENTIONED IN THIS ARTICLE
Pittsburgh
Federal Trade Commission
Sysco
US Foods
H.J. Heinz Co
Northfield
Ill
Moss
U.S
FTC
Department of Justice
Heinz-Kraft
Heinz
Kraft
Heinz- Kraft
Sysco-Us Foods
Performance Food Group
PFG
Commission
Pennsylvania Attorney General’s
Houston
Charley Wilson
Costco
American Antitrust Institute
America
Antitrust Institute
Bernstein
Alexia Howard
Canada completes sale of GM shares by Roundup group
The DETROIT-GEN Investment Corp, created by Canada, agrees to sell its final 73.4 million General Motors shares to Goldman Sachs. At $36.66 GM close, the stake is worth about $2.7 billion and completes a 2009 government aid era. Prime Minister Harper aims to use proceeds to balance the federal budget.
MENTIONED IN THIS ARTICLE
Detroit — Gen Investment Corp
General Motors
Goldman Sachs
Ontario
U.S
Stephen Harper
Joe Oliver
Canada
Southwest Airlines CEO earns big boost in compensation
Gary Kelly of Southwest Airlines earned over 5 million in 2014, a 24 percent rise from 2013, including 2.99 million in stock awards, 224,775 cash bonus, and 904,770 nonstock bonus, while Love Field expansion and new routes to Columbus and other cities were announced.
MENTIONED IN THIS ARTICLE
Fort Worth
Texas
Southwest Airlines
Gary Kelly
Dallas
Securities and Exchange Commission
Kelly
Love Field
Southwest
Columbus
Indianapolis
Memphis
Milwaukee
Portland
Ore
Sacramento
San Jose
Calif
Seattle/Tacoma
Charleston
S.C
U.S. stocks end lower after early gain fades
In late trading on Tuesday, the Dow slipped five points to 17,875, having risen as much as 102 earlier. The S&P 500 fell four to 2,076 and the Nasdaq dropped seven to 4,910. Viacom sank 2 percent on layoffs and restructuring charges while oil climbed to 53.98 a barrel and Treasuries rallied with the 10 year yield at 1.89 percent.
MENTIONED IN THIS ARTICLE
New York
U.S
Dow
Standard & Poor
Viacom
Treasury
Lawsuit Filed Over GE Fire at Appliance Park Louisville
A Jefferson County Circuit Court suit accuses General Electric of negligence in storing flammable materials at Appliance Park after a large fire. Plaintiff Alex Ruiz, a nearby resident, seeks a class action for all shelter-in-place area residents and others harmed by smoke and particulates. Derby Industries, leasing space from GE, is also named.
MENTIONED IN THIS ARTICLE
Louisville
General Electric
Courier-Journal
Jefferson County
Alex Ruiz
Ruiz
Derby Industries
Study finds BMPEA in popular diet and sport supplements
A pharmacology study reports the amphetamine-like BMPEA present in Acacia rigidula labeled products. It notes BMPEA is synthetic, unlisted on labels, and its safety is unknown, prompting calls for FDA warning and enforcement action.
MENTIONED IN THIS ARTICLE
Texas
Drug Testing and Analysis
Food and Drug Administration
FDA
Pieter Cohen
Harvard Medical School
Juli Putnam
Kathleen Reed
Vitacost
Boca Raton, Fla
Kroger Co
GNC Holdings Inc
New York
Eric T. Schneiderman
Clayton Bloszies
Caleb Yee
Haverford College
Roy Gerona
University of California
San Francisco
Hi-Tech Pharmaceuticals Inc
Norcross
Mark O'Brian
Department of Biochemistry
University of Buffalo
School of Medicine and Biomedical Sciences
O’brian
Jobs rise hints at labor market rebound with March gains
Payroll data show open positions jump over 200000 signaling potential hiring rebound in coming months. February hiring slipped 1.6 percent to 4.9 million while layoffs fell sharply. earnings rose 0.3 percent in March as employers face wage pressures.
MENTIONED IN THIS ARTICLE
Jeremy Schwartz
Credit Suisse
Con
Wal- Mart
McDonald’s
Ikea
TJX Cos
TJ Maxx
Marshall's
Also Mentioned on This Page
Teresa F. Lindeman
Pittsburgh Post-Gazette
ConAgra Foods
Cargill
CHS
The
Associated Press
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