It’s the cheesiest…and now the ketchup-iest, too
Kraft Heinz Co., which will form as the result of the newly announced merger between Kraft Foods Group Inc. and H.J. Heinz Co., will become the fifth largest food and beverage company, with an estimated $28 billion in revenue. As reported by the WSJ, combining the companies will save the two a predicted $1.5 billion in operating costs by 2017. That’s a lot of ketchup on a lot of mac and cheese.
The price for a one-way ride on Leap, one of a couple transit start-ups that have appeared in Silicon Valley recently, and nearly three times the cost of San Francisco city bus. The Leap buses are luxurious, with premium interiors, wi-fi and cold press juices available for purchase, the Verge reported, and they offer a complement to the area’s notoriously slow and crowded public transit – for those who can afford to ride.
The number of names and addresses, along with 13 million emails, that are up for sale along with RadioShack’s other assets as it emerges from bankruptcy, Bloomberg reported. It’s not yet clear what the customer data is even worth or if it can even be included in the sale, pending a bankruptcy court ruling.
The total annual cost of urban sprawl in the U.S., according to a report from LSE Cities and the Victoria Transport Policy Institute as reported by CityLab. Those costs come from reduced natural and farm land, as well as increases in transportation and infrastructure needs.
That’s how long Mike Miller of Jackson, NJ will sing karaoke in order to break the Guiness World Record for longest karaoke marathon. Miller, a safari warden at Six Flags Great Adventure, started at noon on Tuesday, and is expected to finish Saturday at 6 PM. The stunt is meant to help raise funds for the Wounded Warrior Project.
Marketplace is on a mission.
We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.
Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?