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McDonald’s ending relationship with Heinz
Associated Press ^ | Oct 25, 2013 5:38 PM EDT | Sarah Skidmore Sell

Posted on 10/25/2013 9:33:41 PM PDT by Olog-hai

McDonald’s has lost its taste for Heinz ketchup.

The fast-food giant said in a statement Friday that it is cutting ties with the condiment company after 40 years due to management changes there. A former Burger King CEO became head of Heinz in June after the company was bought by Warren Buffett’s Berkshire Hathaway and 3G Capital. 3G, a Brazilian investment firm, also controls Burger King.

The impact of the change may be tasted more overseas. In the U.S., McDonald’s uses Heinz products only in Pittsburgh and Minneapolis restaurants. …

(Excerpt) Read more at hosted.ap.org ...


TOPICS: Business/Economy; Chit/Chat; Food; Miscellaneous
KEYWORDS: berkshirehathaway; heinz; ketchup; mcdonalds; warrenbuffett

1 posted on 10/25/2013 9:33:41 PM PDT by Olog-hai
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To: Olog-hai

That’s gonna leave a mark.


2 posted on 10/25/2013 9:34:05 PM PDT by dfwgator
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To: Olog-hai
I like this little shot near the end of the article...

"McDonald's shares added 10 cents to close at $94.78. "

3 posted on 10/25/2013 9:36:52 PM PDT by Joe 6-pack (Qui me amat, amat et canem meum.)
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To: Olog-hai

I do not purchase either one, so no bigge here.


4 posted on 10/25/2013 9:45:23 PM PDT by easternsky
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To: dfwgator

Yep. Genius move Heinz.


5 posted on 10/25/2013 9:51:42 PM PDT by Ouchthatonehurt ("When you're going through hell, keep going." - Sir Winston Churchill)
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To: Olog-hai

Gasp! Heinz rejected? This is darn stressful to the few holders of preferred stock options. Theresa Kerry is needing more white raisins for tonights’ carafe of gin and tonics.


6 posted on 10/25/2013 9:52:47 PM PDT by lee martell
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To: Olog-hai

It never makes good sense to put your profits into the pockets of your competitor, this is the same reason you don’t find Pepsi products in McDonald’s.


7 posted on 10/25/2013 9:56:57 PM PDT by Mastador1 (I'll take a bad dog over a good politician any day!)
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To: lee martell


8 posted on 10/25/2013 10:04:13 PM PDT by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -vvv- NO Pity for the LAZY)
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To: Olog-hai

Gedda me Heinz.


9 posted on 10/25/2013 10:30:36 PM PDT by Wiggins
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To: Olog-hai

W00t


10 posted on 10/25/2013 10:49:21 PM PDT by NonValueAdded (It's not the penalty, it's the lack of coverage on 1 Jan. Think about it.)
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To: Olog-hai

Hunt’s Natural Ketchup (without the HFCS) is better and cheaper.


11 posted on 10/25/2013 11:05:45 PM PDT by Extremely Extreme Extremist (Governor Sarah Heath Palin for President of the United States in 2016)
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To: Extremely Extreme Extremist

I agree, I love their ketchup.


12 posted on 10/25/2013 11:14:10 PM PDT by gattaca ("Nothing can stop the man with the right mental attitude from achieving his goal." Thomas Jefferson)
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To: Joe 6-pack
I like this little shot near the end of the article...

It's even better. Buffet used to own a large chunk of McDonald's and the stock price stagnated. The old liberal loudmouth sold his holdings, and the price has been going up ever since.

13 posted on 10/25/2013 11:22:54 PM PDT by Moonman62 (The US has become a government with a country, rather than a country with a government.)
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To: Moonman62

I saw some weird news this week. Berkshire bought a real estate agency, Prudential Fox & Roach. I can’t believe they think there’s going to be a major upswing in home sales, so maybe they plan to take advantage of the rapidly growing foreclosure / short sale market?


14 posted on 10/25/2013 11:39:20 PM PDT by Lancey Howard
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To: Lancey Howard

I think Berkshire looks at its semi-fascist relationship with the government when making buying decisions.


15 posted on 10/25/2013 11:48:46 PM PDT by Moonman62 (The US has become a government with a country, rather than a country with a government.)
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To: Olog-hai

I see a convergence of fast food and 3D printers.....


16 posted on 10/26/2013 12:16:49 AM PDT by Born to Conserve
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To: Olog-hai

17 posted on 10/26/2013 12:34:37 AM PDT by clearcarbon
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To: clearcarbon
When/if I ever eat at Ronnie's Steakhouse...I'll bring my own.


18 posted on 10/26/2013 1:49:56 AM PDT by Daffynition (*$17,000,000,000,000*)
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To: Lancey Howard
I saw some weird news this week. Berkshire bought a real estate agency, Prudential Fox & Roach.

Would you buy a house from a Roach?

19 posted on 10/26/2013 4:23:30 AM PDT by SES1066 (To expect courteous government is insanity!)
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To: Extremely Extreme Extremist

It’s real good..


20 posted on 10/26/2013 4:50:50 AM PDT by pallmallman (Q)
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To: Olog-hai

been using store brand for decades, can’t tell the difference. Now mustard is another story you can tell the difference. But you can get around that, easy enough, still some good off brands that also cost half as much.

My boys when growing up thought Heinz the best, I bought 1 bottle, when gone washed it and filled it with the store brand they never knew nor complained, all they had to see was the bottle label and they thought they were getting name brand.


21 posted on 10/26/2013 6:39:44 AM PDT by GailA (THOSE WHO DON'T KEEP PROMISES TO THE MILITARY, WON'T KEEP THEM TO U!)
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To: lee martell
This is darn stressful to the few holders of preferred stock options. Theresa Kerry is needing more white raisins for tonights’ carafe of gin and tonics.

Since the takeover this year, Heinz has no stockholders. It is privately held between 3G Capital a Brazilian holding company and Berkshire Hathaway (Warren Buffett's holding company).

To my knowledge, neither Theresa nor her late husband John Heinz had any significant stake in the company since John got into politics 50 years ago.

Theresa still manages the Heinz Endowments (no connection with the food company or the H.J. Heinz Co. Foundation).

Bottom line is that no matter what happens with Heinz foods, it has zero impact on Theresa Heinz Kerry. She has absolutely nothing to do with that company.

22 posted on 10/26/2013 11:15:23 AM PDT by Ditto
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