GO
Loading...

Enter multiple symbols separated by commas

Food and Beverage Beverages

More

  • JOHANNESBURG, July 14- Coffee giant Starbucks will open stores in sub-Saharan Africa for the first time next year after agreeing a deal with Taste Holdings on Tuesday, sending the South African company's shares soaring 20 percent. Under the exclusive agreement, Taste, which acquired the license for Domino's Pizza in South Africa last year, can operate...

  • YANGON, July 13- International brewers are trickling into Myanmar, betting that higher incomes and economic reforms will whip up a thirst for foreign beer in a market that has long been dominated by state-owned firms. Myanmar's beer industry is dominated by state-backed Myanmar Brewery, and beer consumption rates are some of the lowest in Asia at just 3.2...

  • *Coty to buy P&G's beauty business. July 9- Wall Street was set to open higher on Thursday after Beijing's efforts to halt a rout in Chinese stocks finally bore fruit and the U.S. The NYSE resumed operations late in the trading day after a technical problem forced a suspension for more than three hours in the biggest outage to hit a U.S. financial market in nearly two...

  • PEP earnings beat impressive? Not really: Pro Thursday, 9 Jul 2015 | 7:47 AM ET
    PEP earnings beat impressive? Not really: Pro

    Economic profit is still flat, says Ivan Feinseth, Tigress Financial Partners chief investment officer, sharing his thoughts on PepsiCo's quarterly results and why he thinks the snack business should be separated from beverages.

  • July 9- PepsiCo Inc reported better-than-expected quarterly profit and sales and raised its full-year adjusted earnings forecast as higher prices helped drive revenue growth in its beverages business for just the second time in nearly four years. Frito-Lay snacks sales in North America, PepsiCo's second-largest business, grew 2 percent to $3.45 billion...

  • US STOCKS-U.S. futures rise as China stocks rebound Thursday, 9 Jul 2015 | 7:12 AM ET

    *China's securities regulator, in its most drastic step yet to arrest a selloff on Chinese stock markets, banned shareholders with large stakes in listed firms from selling for the next six months. *About 30 percent has been knocked off the value of Chinese shares since mid-June, and for some global investors the fear that China's market turmoil will destabilize...

  • *Good African plans cafes in Washington, London. From his outlets in Kampala, Rugasira wants to expand his Good African Coffee cafes to Washington DC, London, and other African capitals. The idea is to sell cappuccinos and lattes with a' Made in Africa' story to draw customers who might otherwise go to America's Starbucks or Britain's Costa.

  • State of cognac market: Hennessy CEO Wednesday, 8 Jul 2015 | 5:20 AM ET
    State of cognac market: Hennessy CEO

    Bernard Peillon, chairman and CEO of Hennessy, discusses how his company is adapting to volatile market conditions.

  • July 6- Warren Buffett on Monday donated about $2.84 billion of Berkshire Hathaway Inc stock to the Bill and Melinda Gates Foundation and four family charities, as part of the billionaire's plan to give away nearly all of his wealth. The Gates Foundation, which focuses on improving education and health and reducing poverty, received about 15.76 million shares,...

  • July 6- Starbucks Corp said it would raise prices for some of its coffee beverages by 5- 20 cents in the United States from Tuesday. Starbucks, however, will leave the prices of some popular beverages such as the Grande Brewed Coffee and the Frappuccino unchanged in most U.S. outlets, it said on Monday. The price hike, which will be implemented "market-by-market and...

  • July 6- Warren Buffett on Monday donated about $2.84 billion of Berkshire Hathaway Inc stock to the Bill and Melinda Gates Foundation and four family charities, as part of the billionaire's plan to give away nearly all of his wealth. The Gates Foundation, which focuses on improving education and health and reducing poverty, receives the biggest share.

  • Despite crisis, Greeks not ready to give up espresso Saturday, 4 Jul 2015 | 10:36 AM ET

    ATHENS, July 4- They might be living through one of the worst economic crises of modern times, but for Greeks coffee remains an indispensable fuel for thought on the eve of a referendum that may decide their future in Europe. But few of them appear ready to forgo their trademark iced coffee, freddo or frappe, which can cost anywhere between 2 and 4.5 euros in downtown...

  • Keurig Kold, which will make everything from craft sodas to iced teas, is expected to launch in the fall, entering a space dominated by home-brewed cold drinks market leader SodaStream International Ltd.. SodaStream, the once fast-growing Israeli company whose investors have been watching the Keurig machine's introduction with trepidation, has seen its own...

  • 6 brews to give your barbecue a patriotic boost Friday, 3 Jul 2015 | 1:00 PM ET
    barbecue beer

    Fourth of July is the height of the beer-drinking season. Here are six beer suggestions for your barbecue.

  • Greek bank closures may deplete supermarket shelves Friday, 3 Jul 2015 | 11:49 AM ET

    LONDON/ ATHENS, July 3- A halt to international payments from Greek bank accounts is hurting Greek businesses and their foreign partners and threatening supplies of vital goods like food and clothing into the debt-crippled country. With banks closed, people limited to withdrawing 60 euros per day and Greece's future in the euro possibly hinging on a...

  • July 2- Mondelez International Inc said it was in talks with multiple parties for the sale of French coffee brand Carte Noire to address European antitrust concerns as it closed a deal with D.E Master Blenders to create the world's biggest standalone coffee company. The European Commission approved the Jacobs Douwe Egberts joint venture in May on a condition...

  • NEW YORK, July 1- J.M. Smucker Co cut prices for most of its Folgers and Dunkin' Donuts coffee brands sold in the United States by 6 percent, the biggest U.S. roaster said on Wednesday, partially reversing last year's price hikes to woo back customers. The company is the first U.S. roaster to cut prices after a customer backlash following a 9 percent price hike just over a...

  • Smucker cuts Folgers coffee prices after 2014 increase Wednesday, 1 Jul 2015 | 10:38 AM ET

    NEW YORK, July 1- J.M. Smucker Co cut prices for most of the Folgers and Dunkin' Donuts coffee brands sold in the United States by 6 percent, the biggest U.S. roaster said on Wednesday, after a price hike last year led to a loss of market share. In June, Smucker raised list prices on most of its U.S. packaged coffee by roughly 9 percent for the first time in three years because a...

  • July 1- Constellation Brands Inc reported a better-than-expected quarterly profit, helped by higher sales of its Corona and Modelo beers, and said it would buy the Meiomi wine brand for about $315 million. The alcoholic beverage maker raised its adjusted earnings forecast for the year ending February to $4.80- $5 per share from $4.70- $4.90 per share, driven by...

  • Craft brewery to Trump: You're fired! Tuesday, 30 Jun 2015 | 12:02 PM ET
    Republican presidential candidate Donald Trump speaks while campaigning at the Madison County Republicans "Roundup BBQ" dinner in Winterset, Iowa, June 27, 2015.

    Chicago-area craft brewer, 5 Rabbit Brewer is the latest business to tell Donald Trump he's fired.