International Business News - HNZ http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif U.S. food company H.J. Heinz Co. has launched a 288 million Australian dollar ($216 million) takeover bid for Australian food producer Golden Circle Ltd., the companies said Monday. http://www.ibtimes.com/articles/20081006/heinz-launches-bid-for-australias-golden-circle.htm Mon, 06 Oct 2008 09:02:31 EDT Shares of the nation's foodmakers fell in the last three months as the industry faced continued pressure on prices for key ingredients like corn and oil. http://www.ibtimes.com/articles/20080930/foodmakers-shares-drop-in-quarter-on-high-costs.htm Tue, 30 Sep 2008 16:45:47 EDT H.J. Heinz Co. on Friday recalled baby food in Hong Kong that had trace amounts of melamine, the industrial chemical involved in the tainted milk scandal in China that is now spreading. http://www.ibtimes.com/articles/20080926/heinz-recalls-baby-food-in-hong-kong.htm Fri, 26 Sep 2008 11:21:44 EDT MARKETING BOOST: Foodmakers are squeezed right now because of high commodity prices, but they're planning boosts in advertising this year. It comes as they're raising prices and in some cases shrinking products as a way to recoup these high costs. http://www.ibtimes.com/articles/20080907/summary-box-foodmakers-expand-ads-in-down-economy.htm Sun, 07 Sep 2008 14:48:30 EDT Foodmakers may be worried about higher costs for key ingredients, pushing through price increases and still maintaining their profits. But for big names like Sara Lee, Kraft and others, these slim times don't mean doing away with their advertising budgets. http://www.ibtimes.com/articles/20080907/foodmakers-plan-big-ad-campaigns-in-down-economy.htm Sun, 07 Sep 2008 14:46:09 EDT Merrill, Goldman, Deutsche in deal with regulators NEW YORK (AP)--Merrill Lynch & Co., Goldman Sachs Group Inc. and Deutsche Bank on Thursday joined other major financial companies in settling with regulators over their roles in selling risky auction-rate securities to retail investors. http://www.ibtimes.com/articles/20080821/business-highlights.htm Thu, 21 Aug 2008 18:26:09 EDT Here's a look at how H.J. Heinz Co. and Hormel Foods Corp. fared in the most recent quarter, the results of which they reported Thursday: HORMEL: The Austin, Minn.-based company makes Spam and Jennie-O Turkey, among other products. http://www.ibtimes.com/articles/20080821/how-heinz-and-hormel-fared-in-the-quarter.htm Thu, 21 Aug 2008 16:08:19 EDT Rising commodity costs kept weighing on food makers H.J. Heinz Co. and Hormel Foods Corp. in the most recent quarter, even as consumers continued to swallow price increases for their favorite foods. http://www.ibtimes.com/data/articleimgs/113537-earns-hormel.jpg http://www.ibtimes.com/articles/20080821/heinz-gains-hormel-hurts-on-high-costs-in-quarter.htm http://www.ibtimes.com/articles/20080821/heinz-gains-hormel-hurts-on-high-costs-in-quarter.htm Thu, 21 Aug 2008 19:04:14 EDT Among the earnings stories for Thursday, Aug. 21, from AP Financial News: MILWAUKEE (AP)--Food maker H.J. Heinz Co. said Thursday that its fiscal first-quarter profit rose 11 percent, fueled by double-digit sales growth in North America and Europe. http://www.ibtimes.com/articles/20080821/earnings-roundup-heinz-gamestop.htm Thu, 21 Aug 2008 11:07:59 EDT Among the earnings projection stories for Thursday, Aug. 21, from AP Financial News: PITTSBURGH (AP)--Food maker H.J. Heinz Co. said Thursday its fiscal 2009 results will be closer to the higher end of its previously announced range. http://www.ibtimes.com/articles/20080821/outlook-roundup-heinz-cato.htm Thu, 21 Aug 2008 10:51:38 EDT Food maker H.J. Heinz Co. said Thursday its fiscal 2009 results will be closer to the higher end of its previously announced range. The Pittsburgh-based maker of Heinz Ketchup, Weight Watchers products and Ore-Ida potatoes said it now expects earnings per share for the year to fall in a range of between $2.87 to $2.91, shortening the lower end of the range by 4 cents. http://www.ibtimes.com/data/articleimgs/145996-mccain-2008-palin.jpg http://www.ibtimes.com/articles/20080821/heinz-projects-year-results-at-top-end-of-range.htm http://www.ibtimes.com/articles/20080821/heinz-projects-year-results-at-top-end-of-range.htm Thu, 21 Aug 2008 09:49:42 EDT Food maker H.J. Heinz Co. said Thursday that its fiscal first-quarter profit rose 11 percent, fueled by double-digit sales growth in North America and Europe. http://www.ibtimes.com/articles/20080821/heinz-1q-profit-rises-11-percent.htm Thu, 21 Aug 2008 12:09:21 EDT Major business events and economic events scheduled for Thursday: JACKSON HOLE, Wyo.--Kansas City Federal Reserve Bank economic symposium opening dinner at 7 p.m. http://www.ibtimes.com/articles/20080820/calendar-of-major-business-events-thursday.htm Wed, 20 Aug 2008 13:18:51 EDT H.J. Heinz Co. reports earnings for its fiscal first quarter on Thursday before the market opens. The following is a summary of key developments and analyst opinion related to the period. http://www.ibtimes.com/articles/20080819/earnings-preview-heinz-seen-posting-solid-1st-qtr.htm Tue, 19 Aug 2008 09:45:34 EDT H.J. Heinz co. on Wednesday reiterated its guidance for fiscal 2009 earnings-per-share growth between 8 percent and 11 percent. The guidance implies earnings between $2.84 and $2.92 in fiscal 2009. The company reported profit of $2.63 per share in 2008. http://www.ibtimes.com/articles/20080813/heinz-reiterates-2009-guidance.htm Wed, 13 Aug 2008 09:50:26 EDT Snack lovers, rejoice: Munching on potato chips just got a little healthier. Four food manufacturers agreed to reduce levels of a cancer-causing chemical in their potato chips and french fries under a settlement announced Friday by the state attorney general's office. http://www.ibtimes.com/articles/20080802/settlement-will-reduce-carcinogens-in-potato-chips.htm Sat, 02 Aug 2008 01:23:44 EDT Ketchup and salad dressing maker H.J. Heinz Co. may sell debt securities, warrants, purchase contracts or units to the public, according to a Securities and Exchange Commission filing on Wednesday. http://www.ibtimes.com/articles/20080709/h-j-heinz-files-mixed-shelf-to-sell-securities.htm Wed, 09 Jul 2008 16:23:16 EDT Ketchup and salad dressing maker H.J. Heinz Co. said Wednesday it plans to buy Paris-based sauce maker Benedicta to grow its sauce business in France. http://www.ibtimes.com/articles/20080702/heinz-to-buy-french-sauce-maker-benedicta.htm Wed, 02 Jul 2008 13:11:54 EDT A group of British lawmakers said Thursday that foodmaker Heinz Co. was wrong to withdraw a television advertisement that showed two men kissing. Six legislators from the governing Labour Party filed a House of Commons motion saying the decision to pull the ad was "ill-considered" and likely to offend gay people. They called on Heinz to reconsider. http://www.ibtimes.com/articles/20080626/uk-lawmakers-criticize-heinz-over-ad.htm Thu, 26 Jun 2008 13:43:22 EDT H.J. Heinz Co. CEO William R. Johnson's compensation nearly doubled to a total of $14.8 million in fiscal 2008, when the food maker introduced new benefits and profits climbed more than 7 percent. http://www.ibtimes.com/articles/20080613/heinz-ceos-compensation-nearly-doubles-to-14-8m-in-fy2008.htm Fri, 13 Jun 2008 18:42:30 EDT