Food and Beverage Food and Staples Retailing

  • At the supermarket, shoppers receive detailed receipts of their scanned and bagged items. After restaurant meals, wait staff hand diners itemized bills. Thanks to a new fee-disclosure rule from the Department of Labor, financial pros who offer retirement advice will have to disclose all costs associated with their services and products beginning in April.

  • PITTSBURGH— A grocery store in western Pennsylvania is selling wine for the first time since Prohibition. Giant Eagle will sell wine at the store in Robinson Township, near Pittsburgh, beginning on Friday. The Pittsburgh Post-Gazette reports store officials and Republican House Speaker Mike Turzai plan a ceremonial champagne toast to mark the occasion.

  • CHICAGO— Four groups led by the American Civil Liberties Union are asking Walgreens for reassurance that its partnership with a Catholic health care system to run in-store clinics in the St. Louis area won't limit women's access to birth control. The drugstore giant announced in April that SSM Health, a St. Louis- based Catholic system, would own and operate 27...

  • Chief Executive Officer Greg Foran said on a conference call that the company's customers were still cautious with their spending but were visiting stores more often and buying more items. The Bentonville, Arkansas- based company said sales were strong for grocery items and apparel but weak for electronics. Earlier this year, it increased entry-level wages...

  • Aug 17- Retail chain Target Corp cut its fiscal-year profit outlook on Wednesday after quarterly sales fell more than expected due to lower demand for electronics and disappointing results in its grocery business. Shares of the sixth-largest U.S. retailer dropped 7 percent to $70.15, erasing their nearly 4 percent gain for 2016.. "It's a very cautious consumer,......

  • Aug 16- Britain's Wm Morrison Supermarkets Plc said on Tuesday it had completed the sale of its 10 percent stake in U.S. online food retailer Fresh Direct for 45 million pounds, more than two years after it announced the sale. Morrisons, Britain's fourth-largest supermarket chain, bought the stake for 31 million pounds in 2011.. David Potts, a former Tesco...

  • Aug 15- Domino's Pizza Inc will begin selling salads nationwide on Monday through a partnership with Ready Pac Foods to broaden the appeal of its menu amid intense competition from other restaurants and retailers, including grocery stores. Domino's will sell each of the three salads it offers for $5.99, when paired with other items from its mix and match menu.

  • PACARAIMA, Brazil, Aug 10- Government employee Jose Lara this month used some vacation days to take a long scenic bus ride through the verdant plateaus and sweeping savannas of southern Venezuela, but the trip was anything but a holiday. It was a 36- hour grocery run. Lara took an overnight bus and then a pick-up truck to get across the border to neighboring Brazil to...

  • LONDON, Aug 9- British supermarket WM Morrison agreed improved terms with its online partner Ocado which will allow it to extend home delivery across the country using its own stores to provide some products. The supermarket announced a separate wholesale deal to supply Amazon with fresh and frozen food in Britain earlier this year. Morrisons was trading up...

  • LONDON, Aug 9- British supermarket WM Morrison said on Tuesday it had agreed new terms with its online partner Ocado which will see it extend home delivery across the country using its own stores to pick products. Morrisons said under the new deal, a restriction on store picking had been lifted, a profit share agreement would be cancelled and its research and...

  • *2nd- qtr adj. profit $1.32/ shr vs. est. CVS boosted its specialty pharmacy business, which provides drugs to people with expensive chronic conditions such as rheumatoid arthritis, with its $10.1 billion acquisition of Omnicare Inc in August 2015. The Woonsocket, Rhode Island- based company raised full-year adjusted earnings to $5.81- $5.89 per share, from $5.73-...

  • The Woonsocket, Rhode Island- based company raised full-year adjusted earnings to $5.81- $5.89 per share, from $5.73- $5.88 it had expected earlier. CVS boosted its specialty pharmacy business, which provides drugs to people with expensive chronic conditions such as rheumatoid arthritis, with its $10.1 billion acquisition of Omnicare Inc in August 2015.

  • Aug 2- CVS Health Corp, the No. 2 U.S. drugstore chain by store count, reported a 17.6 percent rise in quarterly revenue, helped by strength in its pharmacy business. The company's net revenue rose to $43.73 billion in the second quarter ended June 30, from $37.17 billion, a year earlier. Net income attributable to CVS Health fell to $924 million, or 86 cents per share, from...

  • Reading a food label

    Obama has signed a law that would require all food labels to declare whether the item contains GMO's, NBC News reported.

  • Stocks to Watch: July 28, 2016

    Ford, Facebook and Whole Foods are making headlines this Thursday morning.

  • John Mackey, CEO of Whole Foods Market

    Whole Foods reported quarterly earnings and revenue that met analysts expectations on Wednesday.

  • The forecast and weak quarterly sales at domestic McDonald's restaurants sent shares in the world's biggest restaurant company down 4.5 percent to $121.71 and pulled down most of the restaurant sector. The Dow Jones U.S. Restaurants& Bars Index was off 2.2 percent. The world's biggest fast-food chain gets roughly one-third of its revenue and 40 percent of...

  • The Dow Jones U.S. Restaurants& Bars Index was off 2 percent. The world's biggest fast-food chain gets roughly one-third of its revenue and 40 percent of profits from the United States. Bernstein analyst Sara Senatore said restaurant companies, which are grappling with profit-squeezing minimum wage increases, use more labor than grocery stores and have the...

  • The Dow Jones U.S. Restaurants& Bars Index was off 2 percent. The world's biggest fast-food chain gets roughly one-third of its revenue and 40 percent of profits from the United States. Bernstein analyst Sara Senatore said restaurant companies, which are grappling with profit-squeezing minimum wage increases, use more labor than grocery stores and have the...

  • Buffalo Wild Wings

    Tuesday's results from Panera, McDonald's and Buffalo Wild Wings highlight each category of the restaurant industry.