Kraft Heinz taps Steve Cahillane as CEO ahead of breakup

Kraft Heinz announced plans to split into two separately traded companies, reversing its 2015 megamerger, which was orchestrated by billionaire investor Warren Buffett. Justin Sullivan | Getty Images News | Getty Images Kraft Heinz on Tuesday announced that former Kellanova CEO Steve Cahillane will lead the company ahead of its planned split next year. Cahillane…

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Food inflation leads diners to cheaper menu items

Consumers are still dining out, but instead of higher-priced entrees, many are ordering more appetizers. As food inflation and affordability dominates the conversation about the U.S. consumer, new restaurant purchasing data shows even among Americans who are going to restaurants, many are in the mindset of cutting back. “Appetizer orders are up 20% year over…

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Trump tariffs help push U.S. beef prices higher

President Donald Trump is blaming the meat packers and U.S. cattlemen for rising beef prices, but the tariffs on beef from Brazil, Australia, New Zealand, Uruguay, feed, farm equipment and machinery are all adding to the price surge. The United States is a big buyer of Australian, Brazilian, and New Zealand beef exports. Brazil is…

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