Heinz CEO says no talk yet on management changes
(Reuters) - H.J. Heinz Co Chief Executive Bill Johnson said the ketchup company has not yet discussed management changes or cost cuts with 3G Capital and Berkshire Hathaway, the company's buyers.
Johnson said that keeping Heinz's headquarters in Pittsburgh was "non-negotiable" but he had not discussed job cuts. Johnson, who has run the company for 15 years, said he was too young to retire.
(Reporting By Martinne Geller in New York; Editing by Maureen Bavdek)
BOSTON - Hedge fund manager William Ackman, who is betting $1.16 billion that Herbalife is a fraud, spent $264,000 last year on lobbyists to press his case against the company, according to government documents filed in recent weeks.
- U.S. small businesses borrowed more money in January than they did a year earlier, signaling continued growth in the economy despite a spate of cold weather that has been blamed for weakness in many other indicators of activity.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.