Mike Mozart

Kraft Heinz Trying To Buy Unilever, Bring Your Ketchup And Mayo Under One Roof

Once upon a time, there was Kraft, home to blue-boxed mac-and-cheese and several other grocery store favorites. Then there was Kraft Heinz, bringing your ketchup and other condiments together with your cookies and cheese. And now, if Kraft Heinz gets its way, they might be joined by European mega-conglomerate Unilever, tying half your grocery store together under one big corporate umbrella. [More]

(Michael Daddino)

Bank Of America Settlement Could Be Worth As Much As $17 Billion

Earlier this summer, when it looked like Bank of America and the Justice Dept. were reported to be on the brink of a settlement that would close the books on multiple cases involving the bank’s mishandling of toxic home loans in the run-up to the collapse of the housing market, it looked like BofA would be on the hook for around $12 billion. But now comes news that the deal could hit the bank for anywhere from $16-17 billion. [More]