Kraft Foods announced plans Tuesday to cut roughly 1,600 jobs in North America over the next year.
The city of Fort Smith, Ark., got hit with a double whammy on Friday, as one factory closed down and another faced imminent demise.
While the S&P 500 is struggling near its lows for the year, there are still some stocks that have managed to withstand the market sell-off.
Supermarket chain Wegmans Food Markets has pledged to not raise prices on 40 products this year, despite rising commodity and energy prices.
Supermarket chain Weegmans Food Markets has pledged to not raise prices on 40 products this year, despite rising commodity and energy prices.
A woman is in custody after a shooting at a Kraft Foods plant in Philadelphia, Pennsylvania, Thursday night, Philadelphia police said.
Check-in applications for your smartphone are all the rage; even Facebook has gotten into the game with its new "places" feature. But not all location-based apps are created equal -- or even with the same goal in mind. Enter CauseWorld, a location-based platform that allows you to turn your shopping into charity.
The Dow Jones industrial average broke its 8-week winning streak last week, ending its longest run of gains in six years and setting stocks up for what could be a bigger pullback.
Wall Street broke a four-week losing streak last week, but investors are still worried about China, Greece and the impact of a global recovery that could be far more sluggish than had been thought.
European markets rose Monday as investors looked past concerns about the Greek economy to focus on speculation that Kraft Foods will raise its offer to buy Cadbury.
Last week's big selloff did more than just rattle investors: it put an end to a seven-month win streak that had pushed the S&P 500 more than 60% above the March lows.
Stock futures turned solidly lower Wednesday after two reports pointed to continued, deep losses in jobs.
Stocks are set to open lower Tuesday, a day after a rally pushed major indexes past key levels.
Stocks tumbled Wednesday as weak earnings from Walt Disney and Kraft Foods and a selloff in the banking sector added to worries about the impact of the recession.
Stocks churned Wednesday morning after some dismal earnings reports and key jobs reports that were bad, but not as bad as had been feared.
Earnings warnings from the retail and tech sector plagued U.S. stocks at the start of trading Thursday.
No question about it: In today's global economy, a stint abroad (or more than one) can make you more marketable and promotable. Luckily, overseas opportunities for experienced managers abound.
U.S. stocks rallied at the start of trading Wednesday amid some solid economic signs and the first Google trades above $700 a share.
Stocks rose cautiously early Thursday, a day ahead of the key September jobs report.
Kraft Foods is in the early stages of finding a buyer for its Post cereals division, known for such popular brands as Grape Nuts and Cocoa Pebbles, according to a report published Thursday.
Wall Street was down to be sure, but not by as much as some premarket forecasts, as the credit crunch continued to damage investors' psyches.
Kraft Foods Inc. Wednesday posted higher quarterly profit, helped by lower restructuring charges, a lower tax rate and higher sales, which offset rising costs for milk, wheat and other ingredients.
Stocks were mixed at Wednesday's open as continued concerns about a credit crunch in the U.S. countered efforts for a rebound from a big selloff.
U.S. stocks weakened at Thursday's open on concerns about oil and housing.
Moments after finishing a rousing speech to thousands of employees on her return to Kraft Foods last June, Irene Rosenfeld walked upstairs from the company's sprawling Northfield, Ill., headquarter...
Stocks struggled for direction Monday afternoon as a weaker-than-expected manufacturing report vied with enthusiasm about the day's spate of corporate deals.
RANCHO MIRAGE, Calif. (AP) -- Morgan Pressel became the youngest major champion in LPGA Tour history Sunday with a game well beyond her 18 years, closing with a 3-under 69 at the Kraft Nabisco Championship as everyone around her self-destructed.
RANCHO MIRAGE, Calif. -- Ever play Cut Leaderboard? That's the game where you take the top ten scorers after two rounds of a major championship and compare them to the top ten "losers" -- i.e., those players who finish just below the cut line. As often as not, the two lists look as if they were generated at random. The real leaderboard will have seven journeyman pros, a career amateur from Kotzabue, Alaska, an Asian Tour refugee playing on a sponsor's exemption ... and Phil Mickelson. The cut leader board will have seven journeyman pros, a high school senior from Peculiar, Mo., a former PGA Tour commissioner ... and Vijay Singh.
RANCHO MIRAGE, Calif. (AP) -- Lorena Ochoa finds inspiration just about everywhere she turns in the California desert.
Lorena Ochoa won the Safeway International on Sunday with the ugliest shot she hit all week, a drop-kicked three-wood that expired in a bunker 70 yards short and right of its target. That was her second stroke on the par-5 13th hole, and the feeble effort was indicative of what to that point had been a disastrous round.
RANCHO MIRAGE, Calif. (AP) - Michelle Wie will not play the Kraft Nabisco Championship next week while she recovers from a wrist injury, the first LPGA Tour major championship she has missed in two years.
A warnings from Texas Instruments could cause retreat in stocks Tuesday from their record levels as the Federal Reserve starts a two-day meeting.
Irene Rosenfeld, CEO of Kraft Foods, ranks No. 5 on Fortune's 2006 list of 50 Most Powerful Women.
Stocks rose in the early going Monday as investors rebounded from last week's losses and hoped for positive earnings announcements from Corporate America.
A rebound may be in the works for U.S. stocks Thursday as oil eased from its record high close above $75 a barrel.
The inventor of a staple of the holiday table died on Nov. 13, less than two weeks before Thanksgiving.
Is there such a thing as "wholesome" snacks? That's the moniker food manufacturer Kraft Foods is using for its soon-to-be launched new line of 100 percent whole-grain crackers, chocolate-chip cookies and Fig Newtons.
In 1962--less than a lifetime ago--Harvey C. Russell did what no other black man had done before. He became a vice president of a FORTUNE 500 company.
Major food manufacturers are pulling back on new products aimed at children, according to a published report, as companies may be getting gun-shy about criticism about unhealthy snacks.
Even before Wednesday's $11 billion deal to combine Kmart and Sears Roebuck & Co., 2004 was slated to be the best year for deals on Wall Street in three years. And experts expect the rebound to continue into 2005 at least.
Stocks were flat to lower in the early going Monday as investors took in a spate of big merger news and eyed a drop in oil prices.
Altria stock jumped Thursday after Chairman and CEO Louis Camilleri told investors the company is preparing to split up into two or three different companies.
Kraft Foods may put its well-known Oscar Mayer, Post cereal and Altoids brands up for sale as the No. 1 U.S. food maker looks to slim down its business units, according to two separate reports Monday.
Investors will look for ways to sustain a technology rally Tuesday after the Nasdaq composite index snapped a steep, four-session sell-off Monday.
Wall Street will find ways to keep up the bullish momentum Tuesday as the rest of the week is jammed with market-moving figures like consumer confidence, factory orders, vehicle sales and, most importantly, a jobs report.
Kraft Foods Inc. said Tuesday it will eliminate about 6,000 jobs, or 6 percent of its work force, and close 20 of its production facilities worldwide over the next three years.
Kraft Foods Inc. plans to lay off 10 percent of its salaried work force as the company tries to revamp its slow-growing North American business, a person familiar with the situation said this week.
Ann Fudge is a Harvard Business School alum, General Electric board member, wife, mother, grandmother, globetrotter, public service advocate, former star executive at Kraft Foods, and--following a ...
When a waitress toting an orange-rimmed coffee carafe approaches, caffeine addicts automatically know they should cover their cups. But how exactly did orange become synonymous with decaf?
Shelly Lazarus, chairman and CEO, Ogilvy & Mather Worldwide: "When I was 22, I was an intern at General Foods. It was during the Vietnam war, and the assistant and the associate product managers we...
The dark days are here again, and so the need for euphemism is once more upon us. You have noticed it. In good times people speak plainly. There is no looming shadow with sharp little teeth beneath...
In an attempt to offer employees extra benefits for next to nothing, an increasing number of companies are helping workers buy insurance policies ranging from term life to prepaid legal services. Y...
By now, moviegoers have become well acquainted with the phenomenon of product placement--the quid pro quo between corporations and filmmakers that made E.T. gobble Reese's Pieces and James Bond tra...
FOR IMMEDIATE RELEASE New York, N.Y., October 23, 2009--
As women fill the corporate playbill, they increasingly are the ones relocating their families to take advantage of job prospects in far-away cities. So say several relocation firms now being hired...
At last there are dribbles of data suggesting that women are making their way into the boardroom. Executive search firm Spencer Stuart reports that one- $ quarter of the directors it recruited last...
Some mornings you know instinctively about coffee shortages, but mid-May proved the dearth conclusively as frenetic trading pushed futures prices to near-record levels of $1.33 a pound. They haven'...
Congratulations on December's "Buy When the Pros Scream 'Sell.'" It is a long . overdue assessment of investment professionals who look down upon us amateur investors while continuing to make asses...
Employers offer sales incentives to men on their payrolls nearly twice as often as to women. So says a survey of more than 200 salespeople at incentive- oriented companies like Equitable Life Assur...
UNTIL four months ago, David Donaldson sold boilers for Asea Brown Boveri, a $29-billion-a-year Swiss-based industrial equipment manufacturer with rapidly expanding operations in the U.S. After 30 ...
I AM A WORRIER,'' says Philip Morris CEO Michael Miles. ''I worry whether tomorrow will be Wednesday. I worry instead of exercising.'' Last year, when Miles won the four-man horse race to become he...
Along with beef and eggs, cheese is supposed to be one of those foods that weight- and waist-watching consumers are giving up. So why are Americans on average eating twice as much cheese as in 1971...
SELLING to customers in the Nineties is like running a hurdle race. In the Eighties, Americans wanted quality, paid up for it, and -- lucky for marketers -- even flaunted it. Now consumer-products ...
BUSINESS POETRY? Isn't that a contradiction in terms -- the literary analogue of military music? Isn't business by its very nature too prosaic to beget poems? After all, when Walt Whitman sang, he ...
TRUMP, CAMPEAU, Wang, Eastern -- hardly a day passes without news of some business in need of a rescue. ''In the 1980s, LBOs, takeovers, and global competition left a path of destruction out there....
WHAT HAPPENS when two extremely large, highly capable, well-financed corporations fight it out for preeminence in a commodity business like coffee? Think of two large men competing to see who can k...
WHAT IS LIFE LIKE in corporate Valhalla, where executive heroes go when they leave the battlefield? It's wonderful, of course. It is an existence where bank accounts are plump, the children are lau...
THWARTED IN EVERY attempt to diversify successfully, Philip Morris, the , world's largest and most stunningly profitable cigarette company, is finally beginning to conquer its addiction to tobacco....
What Father's Day is to cigars, Easter to bunnies, and Christmas to tinsel, the Fourth of July is to fireworks. People who don't overvalue their fingers and thumbs are stocking up on some $200 mill...
However enviable his situation otherwise, Hamish Maxwell, chief executive of Philip Morris Cos., faces one of the biggest challenges in corporate America today. The enviable part: He sits atop a co...
It's 9 a.m. and a brash stockbroker is on the line. ''Are you interested in a hot new investment?'' he asks. How did he ever get your direct number? Blame Corporate Contacts, a new firm in Silver S...
WHEN HAMISH MAXWELL does deals he gets intent, so intent that in 1985 he failed to notice that Hurricane Gloria had struck New York City. That was when the Philip Morris CEO was taking over General...
THE TOBACCO industry. What a strange place for corporate America to fight out the nature of its future. Who could imagine such a clear, almost ideological clash of strategies? Such strikingly diver...
READER, you have in your hands not only a magazine but also a mirror. If you are a woman who works in a corporation, you may encounter yourself here -- perhaps a middle manager, standing at the edg...
GENERAL FOODS administers its empire from a gleaming monument of corpocracy that rises like an Aztec temple over a pond in Rye Brook, New York. But today the imposing architecture of the building a...
SAY FAREWELL to the classic postwar American manager, that model of rational decision-making who coolly piloted us through the prosperity of the Fifties and the go-go of the Sixties, only to begin ...
Chief Executive Phil Smith knew Wall Street would misread his drastic reorganization of General Foods. Sure enough, when he announced the plan to slash costs and cut staff in August, some analysts ...
ZIG ZIGLAR, slim and electric at 60, stalks back and forth before 100 or so members of the Chief Executive Officers Club in Chicago, his voice shifting from the gravelly exhortation of the carnival...
Might food technology possibly be going too far? Listen to this tempting forecast by Chicago researcher Leo J. Shapiro: ''The industry is moving in the direction of engineered foods. We are headed ...
Burger-saurus Rex, a species of animated hamburgers, and Fryadactyl French fries that giggle when squirted with a ketchup laser are not the stars of a new Saturday morning cartoon. They are charact...
Uncle Sam wants MBAs for careers in public service, but yuppies are not ! signing up. The Yale School of Organization and Management, which celebrates its tenth anniversary November 15, has fallen ...
When drinkers of decaffeinated coffee ordered the beverage in a restaurant just a few years ago, they were served a cup of hot water, a packet of instant brew -- and often a disdainful look. No lon...
IT WAS really beautiful. Hourlies and supervisors, pencil pushers and clock punchers, all gathered around the corporate foundry to forge a new relationship based on the idea that workers could play...
The top tobacco companies, long known as sagging money trees, have a good chance to win a showdown in the courts over the hazards of smoking. The stocks look irresistible to most Wall Streeters who...
Tukman Capital Management of Larkspur, California, a quiet suburb north of San Francisco, has successfully flouted the rule that investors should put their eggs in many baskets. The small, five-yea...
On Wall Street the name Michael Steinhardt, 45, is synonymous with smart money. As managing partner of Steinhardt Partners, a money management firm that oversees $175 million for individual clients...
BIG FOOD-PROCESSING companies guard their technical secrets with all the zeal of defense contractors. Last year, after Keebler, Nabisco, and Frito-Lay marketed cookies that were crisp on the outsid...
What one Blue Ridge Farms executive calls ''an invisible industry'' lurks ^ behind the fresh chicken salad, cole slaw, potato salad, and scores of pastas offered these days by supermarkets to healt...
ADVERTISERS don't like it when their ad agencies handle a competitor's account, and the recent slew of mergers between giant consumer product companies threatens to shake up the denizens of Madison...
Takeovers were once straightforward confrontations between two companies: a buyer and a target. But nowadays one bidder attracts another and the action turns into an auction. When the British-Dutch...
THE TALK is scary enough to turn baby-boom executives gray before their time. Consider this, from management guru Peter Drucker: ''Most of the baby-boomers have gone as far as they will go in manag...
IN THEIR FEROCIOUS marketing wars, the world's biggest corporations have opened battle on a new front: their customers' desktops. Companies as diverse as Inland Steel, Eastman Kodak, and First Bost...
SINCE THE DEBUT of our People to Watch column 17 months ago, many of the up- and-coming managers profiled in it have proved worth the watching. The column (on page 82 of this issue) focuses on high...
THE NEXT TIME the creative types at your advertising agency suggest hiring a celebrity for your campaign, think hard before saying yes. Many admen agree that celebrities are being enlisted to pitch...
''Do you know me?'' celebrities with little-known faces inquire on those TV commercials for the American Express card. Everybody recognizes the names, but the firm that created the ads, like most a...
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