McDonald's and Tyson terminate contract with farmer accused of animal cruelty.» Read More
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...
Emily restaurant owner Matthew Hyland banked on a local grower for the freshest basil—and immediately saw his profits take seed.
April 22- Food distributor Sysco Corp said it had filed a memorandum opposing the U.S. Federal Trade Commission's efforts to block its proposed merger with smaller rival U.S. Foods Inc.. Sysco, the largest U.S. food distributor, unveiled its plan to buy US Foods, the second-largest, in December 2013. The U.S. government filed a lawsuit in February seeking to block...
April 22- Food distributor Sysco Corp said it had filed a memorandum opposing the U.S. Federal Trade Commission's efforts to block its proposed merger with smaller rival U.S. Foods Inc.. Sysco said it filed the memorandum on Tuesday in the U.S. Federal District Court for the District of Columbia, opposing the FTC's motion for preliminary injunction against the...
The change will affect more than 250 products across 10 brands, including Butterfinger, Nestle Crunch and Baby Ruth.
Having quality family time and your children eating healthily is key to families. Philippa Askham, founder of Sweetpea Pantry explains how it hopes to help this situation.
ConAgra Foods shares fell after it announced changes in management and cut its full year 2015 earnings forecasts.
For years, Hershey-owned Twizzlers have twisted the licorice market to its own desires. Now, Nestle wants a bite of that action.
Fred Destin, partner of Accel Partners discusses why his company has invested in the food tech start-up "Deliveroo."