Kraft Heinz ( KHC ) shares remained relatively flat in premarket trading on Friday following a legal setback and the discontinuation of its reworked Lunchables meals for U.S. schools. A federal judge recently ruled that Kraft Heinz ( KHC ) must face a proposed nationwide class action lawsuit over its Kraft Mac & Cheese product, Reuters reports. The lawsuit, filed...

LONDON (Reuters) -Unilever is cutting about 1,500 fewer jobs in Europe than initially anticipated and hiring about 1,000 people, primarily those affected by its cost-cutting drive, for its soon-to-be spun off ice cream business, the head of the company's European Works Council told Reuters. The British company, whose shareholders include billionaire activist investor and board member Nelson Peltz, has been...

08:23 AM EST, 11/15/2024 (MT Newswires) -- FuelCell Energy ( FCEL ) said Friday that it is restructuring its operations in the US, Canada, and Germany to help reduce costs by about 15% in the fiscal year 2025 compared with the previous year. The company intends to cut its workforce by 17% and reduce spending on product development and overhead....

08:28 AM EST, 11/15/2024 (MT Newswires) -- Thermo Fisher Scientific ( TMO ) said Friday that its board has approved a $4 billion share buyback program with no expiration date. The new plan will replace the existing buyback authorization, which had $1 billion remaining, the company said. Price: 530.12, Change: -2.90, Percent Change: -0.54 ...