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Kraft Heinz’s new CEO looks beyond cost-cutting, big M&A

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CHICAGO (Reuters) – Kraft Heinz Co’s incoming chief executive, Miguel Patricio, is indicating a change in strategy for the packaged food company that could move it away from the aggressive cost-focused culture that has been in place since the company was created in 2015. FILE PHOTO: Commemorative items for sale are on display at the Read More

Kraft Heinz hires global brand expert Patricio as CEO

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(Reuters) – Kraft Heinz Co named Miguel Patricio as its next chief executive on Monday, hoping the 30-year marketing veteran will revitalize brands such as Planters nuts and Oscar Mayer bacon at one of the world’s largest packaged food companies. FILE PHOTO: A Heinz Ketchup bottle sits between a box of Kraft macaroni and cheese Read More

Kraft Heinz banks on Anheuser-Busch executive in strategy shift

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(Reuters) – Kraft Heinz Co replaced Chief Executive Officer Bernardo Hees with Anheuser-Busch InBev veteran Miguel Patricio, changing leadership after years of cost-cutting that has hurt some of its biggest brands. FILE PHOTO: A Heinz Ketchup bottle sits between a box of Kraft macaroni and cheese and a bottle of Kraft Original Barbecue Sauce on Read More

BRICS bank to invest in infrastructure projects in Brazil

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Investment worth $621 million will be provided by BRICS New Development Bank (NDB) to Brazil, according to the Institute for Applied Economic Research (Ipea). It said the bank has approved Brazilian projects on renewable energy, road building, railway construction, sanitation, telecommunications and an oil Refinery. NDB has also plans to launch its Americas Regional Office Read More

Exclusive: Advent readies new $2.2 billion Latam private equity fund – sources

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SAO PAULO (Reuters) – U.S. private equity firm Advent International Corp is preparing to launch a $2.2 billion fund to invest in Latin American companies, two people with knowledge of the matter told Reuters. The fund launched in coming days will be Advent’s seventh for Latin America and its largest for the region. Advent’s last Read More

Brazil’s Pre-salt Exclusive Economic Zone discussion postponed for 2020

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4/17/2019 HOUSTON — The government postponed for next year the discussion on the definition of exploratory oil and gas blocks in a promising pre-salt area located beyond the limits of the Exclusive Economic Zone (EEZ), 200 nautical mi off the Brazilian coast. The issue will not be discussed at a meeting of the National Energy Read More

NETZSCH showcases NOTOS Multiple Screw Pumps at 2019 OTC

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4/17/2019 EXTON, Penn. — NETZSCH Pumps North America, LLC, experts in solutions designed specifically for difficult pumping applications, will be highlighting its NOTOS Multiple Screw Pumps at the Offshore Technology Conference (OTC 2019), which will be held May 6-9, 2019 at NRG Park, in Houston, Texas. The pumps will be featured in the German Booth Read More

Peru’s ex-president dies after shooting himself before arrest

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By Ex-Peru president dies Peru’s former president has died after shooting himself in the head to avoid arrest over corruption allegations, said officials. The current leader of the South American country, Martin Vizcarra, confirmed that Alan Garcia had died, saying he was “dismayed”. President Vizcarra also sent his condolences to Garcia’s friends and family. The Read More

Ex Peruvian president dies after shooting himself in the head moments before arrest

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Former Peruvian President Alan Garcia has died after shooting himself in the head as police arrived at his home to arrest him. The ex-president was rushed to hospital, but doctors could not save him. As police officers knocked on his door on Wednesday morning, Garcia shut himself in his room and shot himself in the Read More

Ex-Peru president in ‘serious condition’ after shooting himself

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Former Peruvian president Alan Garcia is in a “very critical, very serious condition” in hospital, after shooting himself following a warrant for his arrest being issued, according to Peru’s Health minister. He was taken to José Casimiro Ulloa Hospital in Lima at 6.45am local time (11.45am GMT). The country’s Health ministry said: “At this moment, Read More