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(...)

General Electric: firm is “going fast” with its plans to sell most of its financial services operation. Photograph: David W Cerny/Reuters

General Electric of the United States is “going fast” with its plans to sell most of its financial services operations and is on target to achieve the(...)

Traditional big lenders in the US say they are pulling back due to tighter regulatory regime. Photograph: Thinkstock

Non-bank lenders have overtaken US banks to grab a record slice of government-backed mortgages, after regulatory curbs on risk-taking and billions of(...)

 Dundrum Town Centre: Eastdil Secured are expected to pitch the €1 billion property portfolio to sovereign funds.  Photograph: Eric Luke

Nama is to appoint Eastdil Secured, a subsidiary of the Wells Fargo Bank, to handle the sale of Ireland’s most valuable real estate asset, Dundrum To(...)

PepsiCo has said it’s on track to achieve $1 billion in productivity savings this year.  Photograph: Bloomberg

PepsiCo, the soft drink maker and world’s largest snack producer has posted first quarter profits that topped analysts’ estimates after cutting costs(...)

Strong investment banking results helped boost JPMorgan’s shares to their highest since April 2000

JPMorgan Chase & Co, the biggest United States bank by assets, reported a better-than-expected quarterly profit after a decision by the Swiss cent(...)

Low interest rates have prevented Wells Fargo and regional rivals from capitalising on their growing deposit base

Wells Fargo & Co, the largest US mortgage lender, has reported a drop in quarterly profit for the first time in five years as employee costs rise (...)

Happy employees, it is claimed, are more likely to do the right thing than unhappy ones

At Wells Fargo, managers have dreamt up a new ratio to track alongside such banking stalwarts as provision coverage and capital adequacy. It is called(...)

Ray Conner, president and chief executive officer of Boeing Commercial Airplanes (left) reacts during a news conference with Domhnal Slattery, chief executive officer of Avolon Leasing Group. Photographer: Matthew Lloyd/Bloomberg

Barry O’HalloranNewly floated Irish aviation leasing specialist, Avolon, had a fleet of 137 aircraft at the end of 2014, according to its full-year (...)