Food and Beverage Food and Staples Retailing

  • 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.

  • Whitewave agrees to be acquired by French company

    Organic food company Whitewave is up big on the day after it agrees to be acquired by France's Danone, maker of Dannon Yogurt. Sara Eisen reports.

  • *Q3 US retail sales up 0.1 pct vs. estimates of 0.7 pct. Co has been investing to revive U.S. retail business. July 6- Walgreens Boots Alliance Inc, the No.1 U.S. drugstore operator by store count, reported a lower-than-expected increase in quarterly sales, hurt by weak demand for over-the-counter drugs and other products.

  • *Q3 US retail sales up 0.1 pct vs. estimates of 0.7 pct. July 6- Walgreens Boots Alliance Inc, the No.1 U.S. drugstore operator by store count, reported a lower-than-expected increase in quarterly sales, hurt by weak demand for over-the-counter drugs and other products. The company also said on Wednesday it was bracing for a long period of volatility following...

  • *Q3 adjusted EPS $1.18 vs. estimates $1.14. July 6- Drugstore operator Walgreens Boots Alliance Inc reported a better-than-expected profit for the third quarter, helped by cost cuts and higher sales of Medicare Part D drugs in the United States. Walgreens did not say how, if at all, Britain's vote to leave the European Union would affect its business.

  • LONDON, July 5- Sales growth at British retailer John Lewis's department store chain slowed in the week to July 2- the week following Britain's vote to leave the European Union. The employee-owned John Lewis Partnership owns Britain's biggest department store chain as well as the upmarket Waitrose supermarket chain. While Britain's FTSE 100 index of blue chip...