MOVES-Citi hires Ali to co-head EMEA leveraged finance
LONDON, June 26 (IFR) - Citigroup has hired Toby Ali from Bank of America Merrill Lynch to co-head its leveraged finance business in Europe, Middle East and Africa.
(Corrects paragraph 3 to say that quarterly net sales, not adjusted net sales, fell)
Feb 15 Kraft Heinz Co, the maker of Velveeta cheese, Heinz ketchup and Oscar Mayer meats, reported a 3.8 percent fall in quarterly sales, hit by a stronger dollar and lower demand in the United States.
Net income attributable to shareholders was $944 million, or 77 cents per share, in the fourth quarter ended Dec. 31, compared with $285 million, or 23 cents per share, a year earlier.
Net sales fell to $6.86 billion from $7.12 billion.
Kraft Foods Group Inc and H.J. Heinz Co merged in July 2015 to create Kraft Heinz, North America's third-largest food and beverage company. (Reporting by Anya George Tharakan in Bengaluru; Editing by Saumyadeb Chakrabarty)
* Hartford Financial-agreement with Prudential Financial to buy group annuity contract and transfer $1.6 billion in U.S. Qualified pension plan liabilities