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Food and Beverage Food and Staples Retailing

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  • 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.

  • Woman dies after stabbing at Shaw's supermarket in Maine Wednesday, 19 Aug 2015 | 6:11 PM ET

    SACO, Maine— Police say a woman has been killed in a knife attack at a supermarket in southern Maine. WCSH-TV reports the attack happened Wednesday at a Shaw's supermarket in Saco. Minneapolis- based Supervalu Inc. sold Shaw's in 2013..

  • 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.

  • Canadian grocer Metro's quarterly profit rises 13 pct Wednesday, 12 Aug 2015 | 7:10 AM ET

    Aug 12- Canadian grocer Metro Inc's quarterly profit rose 13 percent as new fresh foods products boosted the company's same-store sales. Net income rose to C $163.5 million, or 64 Canadian cents per share, from C $144.5 million, or 54 Canadian cents per share, a year earlier. Revenue increased 6 percent to C $3.84 billion.

  • Aug 7- A Whole Foods Market Inc shareholder has accused the grocer in a lawsuit of committing securities fraud by concealing its overcharging of New York City customers, leading to bad publicity that hurt sales and drove its share price down. In a complaint filed on Thursday in federal court in Austin, Texas, the plaintiff Yochanan Markman said Whole Foods knew or...