One wonders whether an axe will be taken to the 57 varieties. But whatever transpires, it’s been a tasty deal for Warren Buffett

Kraft Heinz, the new company formed by the merging of two food staples, began trading yesterday on the New York Stock Exchange. Heinz, purveyors of 5(...)

Kraft Heinz is now Mr Buffett’s second-biggest stock investment, ahead of Coca-Cola and International Business Machines. Photograph:  Scott Olson/Getty Images

Warren Buffett helped take over Heinz in 2013 and facilitated its combination with Kraft Foods this year. His prize: a stake of about $24 billion in(...)

Richard Desmond: “Everybody has ethics, I’m sure Adolf Hitler had ethics. It’s about what you think is right.” Photograph: Peter Maciarmid/Getty Images

The Irish Times is being escorted to the top floor of the Northern & Shell office building in London by a hefty young man who says he “looks af(...)

Aer Lingus inched up 0.6 per cent to €2.44 as markets digested the news that Etihad planned to sell its near 5 per cent stake in the airline

US and European stocks declined as investors fretted about Greece and the timing of a US interest rate hike. The pan-European FTSEurofirst 300 index(...)

  Warren Buffett attends his company Berkshire Hathaway’s   annual shareholders’ meeting  in Omaha, Nebraska. Photograph: Reuters/Rick Wilking/Files

Shareholders in Berkshire Hathaway are expressing unease at the company’s deepening relationship with private equity group 3G Capital, ahead of an exp(...)

Nestle products. Photograph: Bryan O’Brien/Irish Times

Nestle, the world’s biggest food maker, reported first-quarter revenue growth that exceeded analyst estimates as price increases offset weak sales of (...)

Photograph: Reuters /Nate Chute
Planet Business

Image of the week: Welcome signs A sign reading “This business serves everyone” is placed in the window of Bernadette’s Barbershop in downtown (...)

Kraft Foods has agreed to merge with Heinz, with analysts suggesting that the move will lead to considerable job losses. (Photograph: EPA/ANDY RAIN)

H.J. Heinz, which is controlled by Warren Buffett’s Berkshire Hathaway Inc. and buyout firm 3G Capital, said Wednesday that it agreed to buy the ma(...)

The current Kraft was created in a spinoff from Mondelez in October 2012. Mondelez inherited the company’s overseas snack businesses, giving it bigger growth opportunities internationally. (Photograph: David Paul Morris/Bloomberg)

3G Capital, the Brazilian private-equity firm, is understood to be in advanced talks to acquire Kraft Foods Group Inc. and merge it with ketchup make(...)

Don Keough was among the first recipients of an Irish Presidential Distinguished Service Award honouring members of the Irish diaspora

Irish-American businessman Don Keough, a champion of Ireland who promoted Irish studies in the US and encouraged American corporate investment into Ir(...)