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Heinz to merge with Kraft Foods in deal backed by Buffett, Brazilian firm

PITTSBURGH — Kraft Foods Group investors drove up the Illinois company’s stock more than 35 percent on Wednesday on hopes that H.J. Heinz CEO Bernardo Hees and his employers — Brazilian investment firm 3G Capital and iconic investor Warren Buffett’s Berkshire Hathaway — can boost Kraft’s bottom line the same way they did with the Pittsburgh company.

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The Wedding Expo
The Wedding Expo
Herald Democrat Wedding Expo 2015

TMC celebrates 50 years of service in Denison

When Memorial Hospital opened in 1965, it was a small community hospital serving the thriving railroad community of Denison. After 50 years, and a renaming in the 1970s, Texoma Medical Center has expanded to a regional facility that provides health care service to the individuals across the entire region.

Area unemployment continues to fall

With nearly a quarter of 2015 already in the books, the local and statewide job markets are continuing their run of recent success . Numbers released this week by the Sherman Economic Development Corporation show the local unemployment rate has fallen to 4.4 percent from 5.3 percent last year. It was as high as 7.3 percent in the spring of 2013.

New Media completes acquisition of Stephens Media

New Media Investment Group Inc. announced Wednesday that it has completed the previously announced acquisition of substantially all of the assets of Stephens Media, LLC for $102.5 million in cash, subject to working capital adjustments. New Media funded the acquisition with cash on the balance sheet and available capacity under its credit facility.