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Food and Beverage Food Products

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  • Mondelez tops Street 2Q forecasts Thursday, 30 Jul 2015 | 8:09 AM ET

    DEERFIELD, Ill.— Shares of Mondelez International Inc. jumped Thursday after the snack maker reported better-than-expected earnings for the second quarter due to reduced expenses. Mondelez reported net income of $406 million, or 25 cents per share, for the three months ended June 30 compared with $622 million, or 36 cents per share, in the prior-year period.

  • Bunge misses 2Q profit forecasts Thursday, 30 Jul 2015 | 7:12 AM ET

    WHITE PLAINS, N.Y. _ Bunge Ltd. on Thursday reported second-quarter earnings of $86 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.43 per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Panera says restaurant sales heating up, shares pop Tuesday, 28 Jul 2015 | 5:19 PM ET

    July 28- Panera Bread Co said on Tuesday that sales at established company-operated restaurants have accelerated in the current quarter, sending shares up 7 percent to $200 in extended trading. Sales at company-owned bakery cafes open at least 18 months were up 2.4 percent in the second quarter, roughly in line with what analysts expected.

  • DES MOINES, Iowa— The U.S. government expects to spend $191 million to pay chicken and turkey farmers for birds lost to avian flu, Agriculture Secretary Tom Vilsack said Tuesday as he called for Congress to consider a disaster program for poultry producers similar to that for other livestock farmers. Iowa, Minnesota and Missouri lost the most birds.

  • Del Monte posts 2Q profit Tuesday, 28 Jul 2015 | 8:09 AM ET

    CORAL GABLES, Fla. _ Fresh Del Monte Produce Inc. on Tuesday reported second-quarter earnings of $64.5 million. The Coral Gables, Florida- based company said it had net income of $1.21 per share. Keywords: Fresh Del Monte Produce, Earnings Report.

  • J&J Snack Foods posts 3Q profit Monday, 27 Jul 2015 | 4:07 PM ET

    PENNSAUKEN, N.J. _ J&J Snack Foods Corp. on Monday reported fiscal third-quarter net income of $24.5 million. J&J Snack Foods shares have increased nearly 2 percent since the beginning of the year. Keywords: J&J Snack Foods, Earnings Report.

  • *Burger King comp sales up 6.7 pct; Tim Hortons' 5.5 pct. July 27- Restaurant Brands International Inc, formed out of Burger King's takeover of Canadian coffee chain Tim Hortons last year, reported a better-than-expected quarterly profit as new menu items helped attract customers. "I think has been more innovative with their new product offerings than McDonald's...

  • July 27- Restaurant Brands International Inc, the company formed out of Burger King's takeover of Canadian coffee and doughnut chain Tim Hortons last year, reported a profit for the second quarter, compared with a loss in the first three months of the year, as same-restaurant sales rose. The company, posting second-quarter results for the first time, reported a...

  • NEW YORK— New York's Wage Board on Monday finalized its recommendation endorsing a $15 minimum wage for fast-food workers in chain restaurants. It would be phased in over three years in New York City and six years elsewhere. The first phase of the increase would take effect on Dec. 31, when the minimum wage for affected workers would go from $8.75 to $10.50 in New...

  • NEW YORK— Five days before he was to start college, Fred Maahs' world turned upside down. Off the Delaware coast in 1980, on the last day of summer vacation, the 18- year-old took a dive from his family's boat into an unseen sandbar barely a foot below the surface, sustaining injuries that paralyzed him from the chest down. Some 2,000 people with disabilities— elated...

  • The rise of Goya and Latino culture in U.S. Friday, 24 Jul 2015 | 5:00 PM ET
    The rise of Goya and Latino culture in U.S.

    Goya President Robert Unanue, compares the story of Goya's business, to the story of Latinos' immigration into the U.S. Over the last 10 years, Hispanic population has increased 62 percent. Goya food has grown its reach and popularity among the people at the same time.

  • July 24- Food companies would be required to label the amount of added sugar as a percentage of recommended daily calorie intake under a proposal on Friday by the U.S. Food and Drug Administration. Susan Mayne, director of the Center for Food Safety and Applied Nutrition at the FDA, said on a conference call with reporters that the agency hoped to partner with other...

  • BRUSSELS, July 24- European Union plans to seal the world's largest free trade deal with the United States are threatened by intractable differences over food names, none more so than the right of cheese makers to use the term "feta". At the same time as euro zone leaders are ordering Greece to balance its budget and liberalise its product markets, EU trade...

  • This is Uber's latest service: Ice cream delivery Friday, 24 Jul 2015 | 12:52 AM ET
    This is Uber's latest service: Ice cream delivery

    Yaniv Goder, GM, Singapore at Uber, explains why the on-demand private car app is delivering ice cream via Uber drivers, electric vehicles and even drones on Friday.

  • Life sentence urged in peanut salmonella case Thursday, 23 Jul 2015 | 8:24 PM ET

    Federal court officers are seeking a unprecedented sentence of life in prison for a peanut company executive convicted of selling salmonella-tainted food. The Associated Press reports.

  • Americans eat HOW MUCH chocolate? Thursday, 23 Jul 2015 | 7:41 PM ET

    Kinder Surprise may be banned in the U.S., but Americans still gobble down more chocolate than all of Asia Pacific combined, fresh data show.

  • House passes anti-GMO labeling law Thursday, 23 Jul 2015 | 7:13 PM ET
    The U.S. Capitol building

    The House of Representatives passed an anti-GMO labeling law, a win for food and agricultural companies.

  • UPDATE 2-U.S. House passes anti-GMO labeling law Thursday, 23 Jul 2015 | 2:15 PM ET

    July 23- The U.S. House of Representatives on Thursday passed a hotly debated measure that blocks any mandatory labeling of foods made with genetically engineered crops, including pre-empting a state law set to take effect next year in Vermont. It is an attack on transparency,' said Representative John Conyers Jr., a Democrat, in floor debate.

  • House passes bill to prevent mandatory GMO labeling Thursday, 23 Jul 2015 | 2:07 PM ET

    WASHINGTON— Food companies would not have to disclose whether their products include genetically modified ingredients under legislation passed by the House Thursday. So far, Vermont is the only state set to require the labels. Maine and Connecticut have also passed laws requiring the labeling, but those measures don't take effect unless neighboring states...

  • July 23- McDonald's Corp's new chief executive expects global sales at established restaurants to grow in the current quarter, reversing more than a year of declines, and said his turnaround plan is showing early signs of taking hold. Net income tumbled 13 percent to $1.20 billion, or $1.26 a share, in the second quarter. Easterbrook has responded to intense U.S....