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Food and Beverage Beverages

  • Feb 9- U.S. stocks rose on Thursday, with the Nasdaq hitting a record high, helped by higher oil prices. However, Wall Street's reaction to corporate earnings has been muted as investors remain cautious given the recent run-up in the market and policy uncertainty under newly elected President Donald Trump. "Investors are cautiously optimistic about the current...

  • Feb 9- Wall Street looked set to open slightly higher on Thursday as investors looked for catalysts in quarterly earnings and economic data. However, Wall Street's reaction to corporate earnings has been muted as investors remain cautious given the recent run-up in the market and policy uncertainty under newly elected President Donald Trump.

  • Feb 9- Coca-Cola Co forecast a drop in full-year adjusted profit, hurt by higher costs for refranchising its bottling operations in North America. Coca-Cola has been offloading much of its bottling business to cope with falling demand for carbonated beverages in North America. Net income attributable to the company's shareholders more than halved to $550...

  • Strong US dollar provides another year of headwinds for Coca-Cola:  Analyst

    Stephen Powers of UBS parses Coca-Cola's quarterly numbers and provides his outlook on the stock as a strong U.S. dollar provides headwinds for the company.

  • Feb 9- Coca-Cola Co reported better-than-expected quarterly revenue, helped by higher sales of its sodas in North America, its biggest market. Volume sales rose 1 percent in North America, including a 1 percent growth in sales of its carbonated soda drinks such as Sprite and Fanta. The fourth quarter included a $919 million charge related to the refranchising of...

  • Feb 9- Coca-Cola Co reported a 6 percent drop in quarterly revenue, the seventh straight drop, hurt by high levels of inflation in certain Latin American countries and as a strong dollar reduced the value of sales outside the United States. Net income attributable to the company's shareholders fell to $550 million, or 13 cents per share, in the fourth quarter ended...

  • Coca-Cola bottles

    CNBC's Sara Eisen breaks down Coca-Cola's quarterly numbers.

  • Proposed Guinness Brewing Facility to be built in Relay, Maryland.

    The Diageo-owned brand will be creating a version of its Dublin-based Guinness Open Gate Brewery in Relay, Maryland.

  • NEW YORK, Jan 31- Global coffee exports rose 5.3 percent in the 2016 calendar year and 8.3 percent in the first quarter of the 2016/ 17 crop year, data from the International Coffee Organization showed on Tuesday. Global coffee exports in the 2016 calendar year reached 118.42 million bags, up from 112.47 million bags in 2015, while they climbed to 29.77 million bags...

  • SAO PAULO, Jan 30- Brazil's Cia Cacique de Café Solúvel SA, the country's number one exporter of instant coffee, is refraining from closing export deals for future delivery due to uncertainty over robusta coffee supplies, and fears it will lose market share to rivals in other countries. Cacique's export sales director Pedro Guimarães Fernandes told Reuters...

  • TORONTO, Jan 30- Canada's main stock index fell to a nearly two-week low on Monday and was on track for its deepest loss since September after a travel ban implemented by U.S. Wall Street also lost ground after Trump on Friday signed executive orders to bar admission of Syrian refugees and suspend travel to the United States from Syria, Iraq, Iran and four other...

  • Howard Schultz

    Starbucks CEO Howard Schultz discusses the "good problem" of its mobile payment scheme affecting the coffee giant's earnings.

  • Stocks to Watch: January 27, 2017

    Honeywell, Intel, and Starbucks are making headlines on Wall Street to wrap up the trading week.

  • Starbucks says overcrowding at counters hurt sales

    The coffee chain says incoming customers are leaving without making a purchase due to the crowd of people waiting for their drinks.

  • LONDON/ NEW YORK, Jan 26- Vita Coco, the world's leading brand of coconut water, is exploring a sale of the company that could value it at up to $1 billion, according to sources familiar with the matter. Any sale of U.S.-based Vita Coco would come as traditional fizzy drink sales continue to slow and consumers increasingly turn to healthier drinks like coconut water.

  • LONDON, Jan 26- Diageo, the world's largest distilled drinks company, reported a better than expected rise in sales on Thursday, helped by improvements in its U.S. business that boosted confidence in the company's future performance. Diageo's shares were up 4.7 percent at 2,242 pence by 0903 GMT. "We regard these as a strong set of results and... think they go a long way...

  • India has a lot of growth opportunity for Diageo: Analyst

    Jonny Forsyth, global drinks analyst at Mintel, discusses Diageo's latest data.

  • LONDON, Jan 26- Diageo, the world's largest distilled drinks company, reported on Thursday better than expected sales growth in the last six months, helped by improvements in its U.S. business and the strong U.S. dollar. The maker of Johnnie Walker Scotch and Smirnoff vodka said sales rose 4.4 percent in the six months ended Dec. 31, above the average of analysts'...

  • *Vietnam is Heineken's second-largest profit generator. *Heineken is second-ranked brewer in Vietnam, sees growth. SINGAPORE, Jan 26- Heineken NV said it will consider deals to expand its presence in Vietnam- a young, beer-loving economy that is already its second-most profitable market globally- as the southeast Asian country loosens its grip on state-run...

  • ALGIERS, Jan 25- An Algerian company has signed a deal with a U.S. group to set up agricultural projects worth $300 million in the North African country as it seeks to reduce dependence on imports, Algeria's agriculture ministry said on Wednesday. Algeria imports most of its agriculture-related products because of weak domestic output, but has promised to...