Berkshire Hathaway said it has this week purchased another 4.3 million shares of Occidental Petroleum Corp. The purchases give it a 19.2% stake in the oil company. Some analysts have speculated that Berkshire could buy all of the Houston-based company. Berkshire Hathaway Inc (BRKa.N), shown to very rich person Warren Buffett, said it has this … Read more
Heinz beans and tomato ketchup were two items that vanished from Tesco’s shelves. Tesco declined to comment on if the new deal will result in a price increase for specific products. The dispute started when Kraft Heinz attempted to increase rates it was billing Tesco. Following a settlement between Tesco and Heinz, some of the … Read more
Tesco is at loggerheads with Kraft Heinz, one of the world’s largest food manufacturers. Some of the country’s favorite products such as Heinz ketchup and baked beans have disappeared from shelves. Suppliers are clamoring to renegotiate what they are getting paid. The rate of inflation for manufacturers has now hit 22%. Some supermarkets use delaying … Read more
