Kraft Heinz merger clears waiting period for Kraft Foods Group
Kraft Foods Group and Heinz cleared the Hart-Scott-Rodino waiting period as the deal moves toward completion. Kraft shareholders vote July 1 on the Kraft Heinz combination which would create a major North American and global food and beverage leader with Heinz owners likely holding about 51 percent.
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Labor market shows open jobs at 15-year high in April
The Labor Department reports 5.4 million job openings at April’s end, up 5.2 percent, signaling stronger demand ahead. May added 280,000 jobs with wages rising 2.3 percent from a year earlier, while unemployment sits at 5.5 percent.
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Paul Ashworth
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Tim Hopper
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Airlines push guideline for smaller carry on bags
Global airlines proposed a nonbinding guideline to shrink carry on baggage to 21.5 by 13.5 by 7.5 inches aiming to free overhead space. Nine major international carriers Avianca Azul Caribbean Emirates Lufthansa Qatar are set to adopt soon with varying rules and potential fees to check bags. Travelers and industry observers note inconsistencies and question enforcement while noting some marketed carry ons exceed current standards.
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