Food and Beverage Food Products

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  • Wendy's tops 4Q profit forecasts Tuesday, 9 Feb 2016 | 6:11 AM ET

    DUBLIN, Ohio— Wendy's reported a 4.8 percent fourth- quarter sales increase at established locations in North America as the burger chain pursues a makeover of its restaurants. Wendy's believes that the appearance of its stores will improve perceptions of its food. Wendy's earned $85.9 million, or 31 cents per share.

  • Feb 7- Palm oil prices could jump more than expected to 2,700 ringgit per tonne in the second quarter, the highest since early 2014, as seasonally lower output and dry weather dent inventories across Southeast Asia, vegetable oils analyst Dorab Mistry said. Concerns that dryness linked to an El Nino weather pattern will lower fresh fruit bunch yields in top...

  • Feb 5- Wall Street was sharply lower on Friday after the January U.S. jobs report appeared to keep alive the prospect of a Fed rate hike this year and tech stocks sold off heavily. Despite the expected slowdown in job growth, the unemployment rate fell to 4.9 percent, the lowest since February 2008, and average hourly earnings increased 0.5 percent, suggesting the...

  • *Average hourly earnings rise 12 cents, or 0.5 pct. Feb 5- Wall Street was sharply lower on Friday after data showing a surge in wages in January and an eight-year low unemployment rate kept the prospects of a Fed rate hike alive this year. "That... serves as a caution to markets that it is too early to take a Federal Reserve March hike completely off the table," said Mohamed...

  • *Average hourly earnings rise 12 cents, or 0.5 pct. Feb 5- Wall Street opened lower on Friday after data showing a surge in wages in January and an eight-year low unemployment rate kept the prospects of a Fed rate hike alive this year. "Judging from the notable 0.5 percent monthly increase in hourly wages, the impressive job creation of recent years may finally be...

  • *Raises full-year profit forecast to $3.85- $3.95/ shr. Reports 1st- qtr profit $1.15/ share vs est $0.89. Beef business, which is Tyson's largest unit by sales, reported an operating profit of $71 million, compared with a loss of $6 million in the year-earlier period, due to lower livestock costs.

  • *Average hourly earnings rise 12 cents, or 0.5 pct. Feb 5- Wall Street was set to open lower on Friday after data showed U.S. employment gains slowed more than expected in January as the boost to hiring from unseasonably mild weather faded. "I'm a little surprised the markets reacted somewhat negatively to it," said Sean Lynch, co-head of global equity strategy at Wells...

  • While chicken sales fell 5 percent in the first quarter ended Jan. 2, operating margin in the business rose to 13.6 percent from 12.6 percent, helped by a $60 million drop in feed costs, the company said. Net income attributable to Tyson rose to $461 million, or $1.15 per share, in the first quarter ended Jan. 2 from $309 million, or 74 cents per share, a year earlier.

  • Tyson Foods quarterly profit jumps 49 pct Friday, 5 Feb 2016 | 7:38 AM ET

    Feb 5- Tyson Foods Inc, the biggest U.S. meat processor, reported a 49 percent rise in quarterly profit, helped by lower feed and livestock costs. Net income attributable to Tyson rose to $461 million, or $1.15 per share, in the first quarter ended Jan. 2 from $309 million, or 74 cents per share, a year earlier. Revenue fell 15.4 percent to $9.15 billion.

  • Tyson posts 1Q profit Friday, 5 Feb 2016 | 7:38 AM ET

    SPRINGDALE, Ark. _ Tyson Foods Inc. on Friday reported fiscal first-quarter earnings of $461 million. On a per-share basis, the Springdale, Arkansas- based company said it had net income of $1.15. Keywords: Tyson Foods, Earnings Report.

  • McDonald's salad has more calories than Big Mac Friday, 5 Feb 2016 | 6:25 AM ET
    McDonald's salad has more calories than Big Mac

    The Keep Calm and Caesar on Chicken Salad packs more than 730 calories and 53g of fat

  • ISTANBUL, Feb 5- Standing amid a jumble of food stalls in an Istanbul market, 61- year-old Gulsen Yuce wonders how she can stretch an already tight budget to make ends meet as food prices rise week after week. Global food prices have fallen to their lowest in nearly seven years, but Turkey has consistently struggled with food costs overshooting headline inflation-...

  • Post Holdings beats 1Q profit forecasts Thursday, 4 Feb 2016 | 6:19 PM ET

    ST. LOUIS _ Post Holdings Inc. on Thursday reported fiscal first-quarter net income of $25.5 million, after reporting a loss in the same period a year earlier. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share. Post Holdings shares have decreased almost 7 percent since the beginning of the year.

  • *Australia, NZ food producers see strong Lunar New Year demand. SYDNEY/ WELLINGTON, Feb 5- As Asian appetite for delicacies such as lobster and cherries soars for the Lunar New Year, some producers in Australia and New Zealand have been facing problems getting their lucrative cargo to consumers on time. Those setbacks could undermine a drive to dominate Asian...

  • McD's salad has more calories than a Big Mac Thursday, 4 Feb 2016 | 1:13 PM ET
    McDonald's Salad

    McDonald's may be on a health kick, but some of its nutrient-enhanced meals are very caloric, according to CBC Business News.

  • 36¢ food store shuts as stock runs out Thursday, 4 Feb 2016 | 6:40 AM ET
    Shoppers queue to pay for their goods at the 'easyFoodstore' in north-west London on February 2, 2016.

    An ultra-discount food store opened by the owner of budget airline easyJet earlier this week was forced to close after shelves were emptied.

  • NEW YORK— Dunkin' Donuts, feeling squeezed by a discounting fight in the fast-food industry, is planning to jump into the game with its own deals. Wendy's, for instance, launched a "4 for $4" deal in October, which Burger King later one-upped with a "5 for $4" offer. He compared the situation to politics, noting that presidential candidates such as Donald Trump and Bernie...

  • DUBAI, United Arab Emirates— A consortium of Gulf Arab investors has agreed to buy a majority stake in Middle Eastern food firm Kuwait Food Company, which operates regional franchises of KFC, Krispy Kreme and other well-known Western brands. Kuwait Food Company is better known as Americana. Founded in 1964, its portfolio includes Mideast franchises of Pizza...

  • WASHINGTON— The food industry is pressuring Congress to act before the state of Vermont requires food labels for genetically modified ingredients. At issue is how food companies will deal with Vermont's law. The food industry wants Congress to pre-empt Vermont's law and bar mandatory labeling of genetically modified foods before it goes into effect.

  • Mondelez misses on strong dollar, weak demand Wednesday, 3 Feb 2016 | 2:47 PM ET
    Irene Rosenfeld, CEO of Mondelez International

    Mondelez reported a miss on the strength of the dollar and challenging economic conditions overseas.