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Food and Beverage Beverages

  • Starbucks Chairman and CEO Howard Schultz speaks at the Annual Meeting of Shareholders in Seattle, Washington on March 22, 2017.

    Starbucks CEO Howard Schultz says the company will keep pushing its agenda despite gridlock in the capital.

  • Starbucks to heat up?

    Is Starbucks set for a comeback? With the "Fast Money" traders.

  • Monster Energy drinks

    JPMorgan says corporate tax reform could add a 10 percent benefit to Monster Beverage's earnings per share.

  • EU regulators are looking to ban the world's first blue wine

    A team of young entrepreneurs says they launched the world’s first blue wine onto the market.

  • While Switzerland has Europe's second-highest proportion of women in the workforce, it trails global standards on gender diversity in boardrooms and in management positions. Siemens Switzerland pledged to reach equal pay in the next three years, while IKEA Switzerland improved its paid paternity leave to two months. Switzerland was the second-to-last...

  • Beverage sales drop in Philly since Jan. soda tax

    CNBC's Sara Eisen reports beverage sales are down drastically in the City of Brotherly Love since the implementation of a tax on sweetened drinks.

  • BEIJING, March 7- The chairman of China's biggest beverage maker, Hangzhou Wahaha Group, said the United States would suffer more in any trade war with China, with a loss of access to cheap Chinese-made goods hitting American wallets. President Donald Trump had campaigned on a promise to confront China more aggressively on trade, including by levying new tariffs...

  • NEW YORK, March 6- Soft drinks maker Coca-Cola Co has launched a gay-friendly ad featuring a brother and sister vying for the attention of a handsome pool boy in the campaign that has won praise for diversity and inclusion. "Sibling rivalry never looked more inclusive," Out Magazine said of the commercial that debuted last week. "It's a human story where Coca-Cola...

  • ZURICH/ LONDON, March 3- Nestle and Coca-Cola Co have agreed to end their Nestea iced tea joint venture after 16 years and pursue separate strategies in the fast-changing bottled drinks market. "The ready-to-drink tea market has evolved, and Nestle believes the time is right to develop Nestea independently," the company said on Friday, announcing the end of the...

  • SAO PAULO, March 2- Shares of Ambev SA tumbled on Thursday after the drinks company reported weak quarterly earnings, hit by declining sales and rising costs in its main market of Brazil, where it hopes for a rebound as economic conditions improve. "We are nothing but disappointed with our performance in Brazil," Chief Financial Officer Ricardo Rittes said in a...

  • Bottles of Budweiser and Miller Lite beer

    Anheuser-Busch InBev suffered its first decline in core earnings since its formation over a decade ago as Brazil depressed beer sales by even more than expected.

  • *Recession hits Brazil beer sales, weak real hikes costs. LEUVEN, Belgium, March 2- Anheuser-Busch InBev, the world's largest brewer, suffered its first decline in core earnings since its formation over a decade ago as recession-hit Brazil depressed beer sales by even more than expected. The brewer of Budweiser, Stella Artois and Corona, which makes more than a...

  • LEUVEN, Belgium, March 2- Anheuser-Busch InBev, the world's largest brewer, on Thursday raised its forecast for savings and benefits from its SABMiller takeover to $2.8 billion from $2.45 billion after reporting weaker than expected earnings due to a beer sales slump in Brazil. The company highlighted difficulties it is facing in its second largest market...

  • BRUSSELS, March 2- Anheuser-Busch InBev, the world's largest brewer, raised its forecast for savings from its near $100 billion takeover of SABMiller after weaker than expected earnings as beer sales suffered in Brazil. The company, now more than double the size of nearest rival Heineken, increased its cost savings and synergy target to $2.8 billion from $2.45...

  • March 1- PepsiCo Inc said on Wednesday it would cut 80 to 100 jobs in Philadelphia as the city's new sugar-sweetened beverage tax hurts demand for its products. Philadelphia imposed a tax of 1.5 cent per ounce on sugary and diet drinks to combat rising obesity and diabetes in the city. PepsiCo's beverage sales fell 40 percent in the city because of the tax, company...

  • Trump could use a Negroni: Gruppo Campari CEO

    Gruppo Campari CEO Bob Kunze-Concewitz discusses earnings, the potential of a U.S import tax and his interest in M&A.

  • Feb 28- The maker of Kona craft beer was sued on Tuesday by two California shoppers who claim they were deceived into believing the beer was made in Hawaii, causing them to overpay for it. Sara Cilloni and Simone Zimmer said Craft Brew Alliance Inc misleads consumers about the origin of its Kona Brewing Co beers, saying the fifth-largest U.S. craft brewer makes them...

  • Feb 28- The maker of Kona craft beer was sued on Tuesday by two California shoppers who claim they were deceived into believing the beer was made in Hawaii, causing them to overpay for it. Sara Cilloni and Simone Zimmer said Craft Brew Alliance Inc misleads consumers about the origin of its Kona Brewing Co beers, saying the fifth-largest U.S. craft brewer actually...

  • LONDON, Feb 28- Global coffee exports rose 6.7 percent in January from a year earlier to total 9.84 million 60- kg bags, the International Coffee Organization said on Tuesday. For the first four months of the 2016/ 17 season, which began on Oct. 1 last year, coffee exports were up 8.9 percent at 39.98 million bags. Robusta coffee exports were a marginal 0.4 percent lower...

  • Feb 24- Coca-Cola Femsa SAB de CV, the largest Coke bottler in the world, reported a jump in quarterly profit on Friday, helped by higher volume sales in Costa Rica, Nicaragua and the Philippines. The company's net income attributable to equity holders rose to 3.51 billion Mexican pesos in the fourth quarter ended Dec. 31, from 2.69 billion Mexican pesos, a year...