Bloomberg Jana Partners, the activist fund run by Barry Rosenstein, disclosed a stake in Pinnacle Foods Inc. and is urging the packaged food manufacturer to explore a sale or another transactions in the frozen food space. The New York-based hedge fund and its partners own 9.5 percent of the food manufacturing company, according to a regulatory filing. Jana said in …

Bloomberg United Continental Holdings Inc.’s top executive is giving up his bonus and its chairman is stepping aside. Chief Executive Officer Oscar Munoz asked the board not to award him the payout for 2017, the airline said in a regulatory filing. Chairman Robert Milton, a former Air Canada CEO, will be replaced with another independent board chief. Laurence Simmons, a …

Bloomberg Fairfax Financial Holdings Ltd., the investment firm run by billionaire Prem Watsa, signed an agreement to buy the Canadian unit of Toys ‘R’ Us Inc. for about $237 million. The so-called stalking horse bid allows other potential buyers were expected to enter competing proposals, according to a US bankruptcy court filing submitted by Toys ‘R’ on Thursday. Fairfax would …