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Picture: THINKSTOCK

US GDP unrevised at 2.2% in fourth quarter

Economic growth cools in fourth quarter, with businesses throttling back on inventory, equipment investment, but robust spending limits slowdown in pace of activity

3G in talks to acquire Kraft in $40bn deal

Picture: THINKSTOCK

3G Capital Partners in talks to buy Kraft Foods Group through HJ Heinz, combination of brands would intensify private-equity firm’s shake-up of US food industry

Facebook moves ahead with drone programme

Mark Zuckerberg, Facebook’s co-founder and CE. Picture: REUTERS

Social network plans to test version of its solar-powered drone later this year as part of plan to beam internet access to billions of people without it

Berkshire and 3G Capital to take over Kraft

Warren Buffett’s Berkshire Hathaway and Jorge Paulo Lemann’s 3G Capital have agreed to buy HJ Heinz, ending the independence of the iconic tomato sauce maker that can trace its roots to the 1860s. File picture: Bloomberg

Merged with HJ Heinz, Berkshire and 3G will invest another $10bn and call the new giant Kraft Heinz Company

IMF ‘Plan B’ on reforms could slash US power

Picture: REUTERS

Washington’s block on crucial IMF reforms pushes crisis lender into discussions of other options, with one proposal potentially slashing US voting power nearly in half


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