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Shares of Mondelez erased earlier gains Wednesday after investing legend Warren Buffett suggested Kraft Heinz isn’t interested in buying the snack company. Mondelez’s stock was trading about 0.7 percent higher in the morning. It fell 3.1 percent after Buffett’s remarks and was down 1.81 percent midday. Buffett’s Berkshire Hathaway is Kraft Heinz’s largest shareholder, owning […]

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Bernstein is downplaying the significance of the recent announcement that Disney intends to pull its movies from Netflix. The firm reiterated its overweight rating on the video streaming company’s shares, predicting Netflix’s international growth will continue to surge. Disney’s movies are shown on Netflix in the U.S. and Canada but only in two other countries, […]

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Iranian-born Dara Khosrowshahi, who will soon become Uber’s new CEO, did not hide his patriotism in a May conversation with CNBC’s Jim Cramer. The Expedia CEO shed light on his personal experience as an immigrant to the United States on an episode of “Mad Money.” “I emigrated here when I was nine years old,” Khosrowshahi […]

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