Thursday, December 18, 2014

Kraft Foods CEO to Retire

Kraft Foods said Chief Executive Tony Vernon will retire by the end of the year, naming its board chairman and PepsiCo veteran John Cahill as his successor.



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France Fines Major Consumer Product Companies

France’s antitrust authority has fined a group of consumer product companies a total of nearly $1.23 billion for anticompetitive practices.



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EU Considers Uber's Request to Block French Taxi Law

The EU is considering Uber’s latest legal maneuver to block a new French law that could upend how the company operates.



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BlackBerry Launches New Phone

BlackBerry unveiled a device meant to appeal to its traditional customers with signature BlackBerry phone features like a physical keyboard and trackpad.



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ConAgra's Profit Plunges on Private-Label Write-Down

ConAgra Foods’ profit plunged in its November quarter as the company took a large write-down on its struggling private-label segment.



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Barrick to Suspend Operations at Zambia Copper Mine

Barrick Gold said it would suspend operations at a copper mine in Zambia and record an impairment charge after the country passed legislation to more than triple the royalty rate on open-pit mining operations.



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Amazon: 'Superfast' Delivery in NYC

Amazon.com Inc. on Thursday launched a new service in Manhattan to deliver daily essentials such as shampoo, paper towels and toys within an hour.



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