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Berkshire Hathaway

Realignment in U.S. health care sector accelerates

Realignment in U.S. health care sector accelerates

NEW YORK — The U.S. health care industry has been in flux for a number of years, but the pace of transformation now appears to be accelerating rapidly. Several of the biggest players in the U.S. health care sector are making moves to confront an uncertain future — one that may bring unwelcome competition and

Venture aims to disrupt status quo in health care

Venture aims to disrupt status quo in health care

NEW YORK — Amazon, Berkshire Hathaway and JPMorgan Chase & Co. plan to form an independent, nonprofit health care company to provide their employees better and more affordable health care. While details remain sparse, the Amazon-Berkshire Hathaway-JPMorgan Chase health care company is considered a long-term effort that will focus initially on developing technology solutions to

Corporate giants team up on employee health care

Corporate giants team up on employee health care

NEW YORK — Three of the largest U.S. companies — Berkshire Hathaway, Amazon and JPMorgan Chase & Co. — have joined together to take employee health care into their own hands. Berkshire Hathaway, Amazon and JPMorgan Chase said Tuesday that they plan to form an independent health care company to provide their employees accessible, affordable and quality care.

Mars Chocolate, Wrigley to become one business unit

Mars Chocolate, Wrigley to become one business unit

MCLEAN, Va. — Mars Inc. plans to meld its Mars Chocolate and Wrigley segments to form one global candy business unit called Mars Wrigley Confectionery. Mars said Thursday that the move comes as its has gained full ownership of Wrigley, which it acquired in 2008. Berkshire Hathaway had held a minority stake in Wrigley that

Heinz, Kraft unveil merger deal

Heinz, Kraft unveil merger deal

PITTSBURGH and NORTHFIELD, Ill. — H.J. Heinz Co. and Kraft Foods Group Inc. plan to merge, creating the world’s fifth-largest food and beverage company, with annual revenue of $28 billion. Heinz and Kraft said Wednesday that the combined company will be called The Kraft Heinz Co. and be co-headquartered in Pittsburgh and the Chicago area.