Chinese police are investigating if two distillers added impotence treatment drug Viagra to their liquor in the latest food-safety scare in China.» Read More
Amazon planning to test drive-up grocery stores, according to the Silicon Valley Business Journal
New Zealand's Fonterra is cutting jobs in an effort to shore up its cash flows amid a slump in global dairy demand, particularly from No. 1 buyer China.
Mars Inc. will expand its candy-making operation in Kansas.
The opening of a new Heineken manufacturing site on Sunday will mark the latest salvo in what is a brewing Asia beer war, the Financial Times reports.
July 9- Canadian food distributor Loblaw Companies Ltd said its employees in 69 stores in Ontario have voted to accept a six-year contract, and all ongoing and pending strikes have been canceled. Loblaw said the terms of the contract provide employees and the company "a fair deal and security." Strikes commenced on July 2 in nine stores and strikes scheduled to...
Albertsons files for an Initial Public Offering after being taken private nine years ago.
LONDON/ ATHENS, July 7- The cash economy emerging after the closure of Greece's banks is beginning to paralyze the country's vital olive oil industry as farmers demand cash for supplies that distributors are unable to pay. With the country's lenders at risk of default, Greece's half a million olive growers, many of them small family businesses, fear the banks will...
Hostess Brands has taken itself off the auction block and will pursue an IPO instead. - Reuters
J.M. Smucker cuts prices on its Folgers and Dunkin' Donuts packaged coffee.
ConAgra earnings are in line, but the stock is up as the company is getting out of its costly acquisition of Ralcorp and its private label food business.
Sysco terminates its merger agreement with both U.S. Foods and Performance Food Group.
WASHINGTON, June 23- Sysco Corp, the nation's largest food distributor, lost a battle with the U.S. government as a federal judge ruled on Tuesday that the company could not merge with its biggest competitor, US Foods, without a go-ahead from antitrust enforcers. "The FTC has shown that there is a reasonable probability that the proposed merger will substantially...
Can 13-year-old FreshDirect, a pioneer in online grocery delivery, survive the Silicon Valley onslaught of on-demand food and grocery apps?
Don't be the first to pass on higher costs, says diner owner Andrew Loucas.
Sysco said on Friday that a record U.S. outbreak of avian flu would limit its chicken and egg supply for nine to 18 months.
NEW YORK, May 15- Food distributor Sysco Corp said on Friday that a record U.S. outbreak of avian flu would limit its chicken and egg supply for nine to 18 months, based on information provided to the company by its suppliers. Sysco is the biggest U.S. food distributor, whose clients include restaurants, hotels and hospitals. The company is discussing options with its...
Sysco's CEO says the FTC, which is suing to block the company's merger with US Foods, has it all wrong.
Former Wall Street financier Chris Andersen has spent a lifetime raising money on Wall Street. Now he's raising pigs.
May 4- Sysco Corp reported a lower-than-expected quarterly profit, hurt by higher costs and a strong dollar, a day before hearing begins on the Federal Trade Commission's motion to block the company's acquisition of rival US Foods Inc.. Sysco, the no. 1 U.S. food distributor, said on Monday that higher prices of meat, dairy and poultry products, expenses related to...
May 4- Sysco Corp, the no. 1 U.S. food distributor, reported a 2 percent fall in quarterly profit, hurt by a rise in meat and poultry prices, a strong dollar and higher expenses. Sysco, whose proposed $3.5 billion deal to buy smaller rival US Foods Inc is facing opposition from the Federal Trade Commission, said net income fell to $177 million, or 30 cents per share, in the...