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Stock Market & Financial Investment News

News Breaks
May 19, 2014
11:24 EDTKRFTKraft Foods voluntarily recalls 1.2M cottage cheese over spoilage risk
Kraft Foods announced Saturday that it is voluntarily recalling select Knudsen Cottage Cheese, Breakstone's Cottage Cheese, Simply Kraft Cottage Cheese, and Daily Chef Cottage Cheese products. Some ingredients used in these products were not stored in accordance with Kraft's temperature standards. While unlikely, this could create conditions that could lead to premature spoilage and/or food borne illness; therefore, the company is issuing the recall as a precaution. The affected products all have code dates from May 9 through July 23.
News For KRFT From The Last 14 Days
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June 30, 2015
07:39 EDTKRFTKraft Foods to host special shareholder meeting
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June 29, 2015
16:30 EDTKRFTKraft Heinz appoints Eduardo Pelleissone as SVP of Corporate, Government Affairs
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16:23 EDTKRFTKraft announces appointment of Matt Hill as Kraft Heinz Zone President of Europe
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16:19 EDTKRFTKraft Foods announces appointment of Paulo Basilio as CFO of Kraft Heinz
Effective upon the close of the merger transaction, Kraft Heinz appointed Paulo Basilio EVP and CFO. Basilio joined Heinz in June 2013 as CFO.
June 24, 2015
16:36 EDTKRFTKraft to pay $11.1M to CEO John Cahill to cover tax liability in merger
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June 22, 2015
17:32 EDTKRFTKraft Foods announces conditional special cash dividend of $16.50 per share
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June 16, 2015
09:22 EDTKRFTFDA gives food makers three years to remove partially hydrogenated oils
The FDA announced it has finalized its determination that partially hydrogenated oils, or PHOs, the primary dietary source of artificial trans fat in processed foods, are not “generally recognized as safe” or GRAS for use in human food. Food manufacturers will have three years to remove PHOs from products. In 2013, the FDA made a tentative determination that PHOs could no longer be considered GRAS and is finalizing that determination after considering public comments. The FDA has set a compliance period of three years. This will allow companies to either reformulate products without PHOs and/or petition the FDA to permit specific uses of PHOs. Following the compliance period, no PHOs can be added to human food unless they are otherwise approved by the FDA. Publicly traded food manufacturers include Mondelez (MDLZ), Kraft Foods (KRFT), General Mills (GIS), Hershey (HSY), PepsiCo (PEP), Kellogg (K), ConAgra (CAG) and Campbell Soup (CPB).

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