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Kraft and Unilever: A Merge Ruined by Mystery

Kraft and Unilever: A Merge Ruined by Mystery

New York – Anglo-Dutch Unilever company’s shares dropped on Monday after Kraft Heinz Co’s rapidly retreated from its surprise $143 billion bid for the company. Kraft, backed by prominent businessman Warren Buffett and the private equity firm 3G, wanted to...
Financial Watchdog: EU Misspent $6 Billion

Financial Watchdog: EU Misspent $6 Billion

London, Brussels- The EU misspent 5.5 billion euros ($6 billion) in 2015, the bloc’s financial watchdog said Thursday, warning that Brussels needed to regain the trust of European citizens shaken by Brexit and other crises. Badly spent funds went on paying...