Thursday November 26, 2020

Why Heinz could mean the start of a recovery

Hopes are bubbling up on Wall Street that last week represented a first step on the long road back from the Great Recession, writes Niall Stanage.

17th February, 2013
The US stock market has advanced sharply since the year began.

Investors are hoping that just one day last week - Thursday - will come to be seen as particularly significant when the history books are written. Within hours, legendary investor Warren Buffett announced a deal, in combination with Brazilian investment partners, to buy the food company Heinz for $23 billion, and two major US airlines announced an $11 billion merger.

There was a handful of significant, if smaller, deals announced the same day, including drug sales company...

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