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Food and Beverage Food and Staples Retailing

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  • Lawsuit over Whole Foods baked goods deemed half-baked Thursday, 27 Aug 2015 | 3:58 PM ET

    District Judge Joseph Irenas in Camden, New Jersey on Wednesday said claims against Whole Foods, Wegmans Food Markets Inc and Acme Markets Inc were too vague, because the plaintiffs did not show they overpaid for specific goods in response to specific signs or advertising from the defendants. Shoppers complained that the grocers sold frozen, pre-made, and...

  • SINGAPORE, Aug 27- Singapore state investor Temasek Holdings Ltd has partnered Asia- focused private equity firm MBK Partners to bid for the South Korea arm of British supermarket operator Tesco PLC, two people familiar with the matter told Reuters. It is vying against Carlyle Group LP and a consortium comprising Affinity Equity Partners and KKR& Co, Reuters...

  • Correction: Supermarket Knife Attack story Friday, 21 Aug 2015 | 4:31 PM ET

    SACO, Maine— In a story Aug. 19 about the stabbing death of a woman at a Maine supermarket, The Associated Press, relying on information from police, reported erroneously the gender of the suspect. Woman dies after stabbing at Shaw's supermarket in Maine. SACO, Maine— Police say a woman has been killed in a knife attack at a supermarket in southern Maine.

  • CHARLOTTE, N.C.— Mistrial declared in case of white police officer accused in shooting of unarmed black man.

  • ALFRED, Maine— Prosecutors and defense attorneys disagreed about a mental health evaluation for a man charged with fatally stabbing a woman in a supermarket during his first appearance in court on Friday. MacCalister fatally stabbed Boudreau with a knife at a Shaw's supermarket in Saco during a random attack on Wednesday, police have said.

  • These 5 foods are costing you more Wednesday, 19 Aug 2015 | 12:37 PM ET

    What's really putting a hole in your grocery budget?

  • Wal-Mart Stores Inc said on Tuesday that lower margins in its pharmacy business had emerged as a drag on profits, as it gets paid less by drug plan managers and as fewer customers pay in cash, since Obamacare has increased the ranks of insured Americans. The company warned that the margin squeeze would continue for at least the remainder of the year, although a...

  • Aug 18- Wal-Mart Stores Inc reported weaker quarterly earnings and lowered its annual forecast on Tuesday, as it copes with higher labor costs, a squeeze on pharmacy margins and sliding sales at its British supermarket chain. Net profit attributable to Wal-Mart fell to $3.48 billion, or $1.08 per share, in the second quarter ended July 31, from $3.92 billion, or...

  • *Worst quarterly sales outcome under Wal-Mart ownership. *CEO Andy Clarke says he's staying. LONDON, Aug 18- Supermarket operator Asda, the UK arm of Wal-Mart, has suffered its worst quarterly sales performance in the 16 years it's been owned by the U.S. group, with results on Tuesday highlighting its struggles in the face of an onslaught from discounters.

  • Aug 18- Wal-Mart Stores Inc reported weaker-than-expected quarterly earnings and lowered its annual forecast on Tuesday, citing higher costs from adding worker hours as well as weaker margins in its U.S. pharmacy business. Wal-Mart lowered its forecast for the year ending in January to a range of $4.40 to $4.70 from its outlook of $4.70 to $5.05 in February.

  • LONDON, Aug 18- Wal-Mart's British supermarket chain Asda slumped to its worst quarterly sales performance in the 16 years it has been owned by the U.S. group, with results on Tuesday highlighting its struggles in the face of an onslaught from the discounters. Walmart does not break out profits for its British operation, which trades mainly from large...

  • Aug 18- Wal-Mart Stores Inc reported weaker-than-expected quarterly earnings and lowered its full-year forecast, citing higher costs from adding worker hours as well as weaker margins in its U.S. pharmacy business. For the year ending in January, Wal-Mart lowered its earnings-per-share forecast to a range of $4.40 to $4.70 from its outlook of $4.70 to $5.05...

  • LONDON, Aug 18- Sales at Wal-Mart's British supermarket Asda slumped 4.7 percent in the second-quarter, as the laggard in the industry failed to get to grips with a fierce price war brought on by discount retailers. Asda, which trails UK market leader Tesco by annual revenue and is battling with Sainsbury's to be Britain's No. 2 grocer, said sales at stores open over...

  • Aug 18- Wal-Mart Stores Inc reported weaker-than-expected quarterly earnings and lowered its full-year forecast on Tuesday, citing investments in staffing and weaker margins in its U.S. pharmacy business. Net profit attributable to Wal-Mart fell to $1.08 per share, in the second quarter ended July 31 from $1.21 per share, a year earlier.

  • LONDON, Aug 18- Sales at Wal-Mart's British supermarket Asda fell for a fourth straight quarter on Tuesday, down 4.7 percent to confirm its position as the weakest performer in a sector hammered by the growth of discount retailers. Asda, which trails UK market leader Tesco by annual revenue and is battling with Sainsbury's to be Britain's No. 2 grocer, said sales at...

  • Aug 17- Target Corp promoted Chief Financial Officer John Mulligan to the newly created role of chief operating officer, and appointed Express Scripts Holding Co's CFO, Cathy Smith, as his replacement. Smith, who will join on Sep. 1, has previously served as CFO of Wal-Mart Stores Inc's international division. The company in April named grocery retail veteran Anne...

  • Does the tweaked Diet Pepsi taste any different? Friday, 14 Aug 2015 | 1:27 PM ET
    Bottles of Diet Pepsi with, left, and without aspartame, center and right, sit in a case at a store in New York, August 8, 2015.

    It's out with the old and in with the new at Diet Pepsi. CNBC heads to Times Square to see whether people can taste a difference.

  • Coke 'bringing a knife to a gunfight': Trader Thursday, 13 Aug 2015 | 4:24 PM ET
    James Quincey

    Portfolio manager tells 'Power Lunch' that Coke is probably looking for international growth, perhaps on the M&A side.

  • Coke-funded scientist fires back on obesity claims Thursday, 13 Aug 2015 | 2:16 PM ET

    Coke's relationship with a group advocating exercise for keeping weight off stirred debate. Now the scientist is firing back.

  • The reason egg prices are cracking all-time highs Thursday, 13 Aug 2015 | 10:13 AM ET
    Cartons of eggs sit on a cooler shelf at a Safeway gocery store. Prices of eggs are on the rise as a decrease it the egg supply continues as a result of avian flu.

    U.S. egg prices continued their upward climb following the most devastating outbreak of bird flu in decades, according to a USDA report this week.