Altria to spin off its stake in Kraft this month
Following a year or more of speculation, Altria Group Inc., the New York-based holding company that owns both Kraft Foods Inc. and cigarette-maker Philip Morris, said it would spin off its 89 percent stake in Kraft to its shareholders on March 30.
Almost a Nestle-Pepsico merger?
How junk food spoiled megadeal is how the Wall Street Journal headlined an exclusive story on springtime talks that could have led to a merger of Nestle SA and Pepsico Inc.
All Hostess Assets Sold Off
Metropoulos, Apollo Global Management, Flowers Foods, United States Bakery, McKee Foods and Grupo Bimbo all acquire pieces of the former Hostess Foods.
Alford tapped as new chief of Nestlé USA
Alford is currently president and CEO of Nestlé Brands, a unit of Nestlé USA, with such brands as Nestlé Crunch, Coffee-Mate, Taster's Choice and Nesquik. He also heads the company's North American food business and foreign trade/sales divisions.