*Yum struggles in India as rivals steal a march. MUMBAI, Oct 7- Aggressive expansion by foreign rivals is eating into sales at Yum Brands Inc in India, and there is little letup in sight for its KFC and Pizza Hut restaurants that are struggling to keep pace. On Tuesday, Yum posted its third straight quarter of sales declines in India, where analysts say it is being...» Read More
Oct 6- Yum Brands Inc cut its full-year profit forecast, citing a slower-than-expected recovery in its key market of China and a heavier drag from the strong U.S. dollar, sending its shares down 17.5 percent in after-hours trading on Tuesday. China is Yum's biggest market for profit and sales, and its challenges there appear to be changing from improving its...
Oct 6- Yum Brands Inc said on Tuesday sales at established restaurants in its top market of China rose far less than expected for the third quarter, sending its shares down more than 17 percent in extended trading. China is Yum's biggest market for profit and sales, and its challenges there appear to be changing from reputational to economic.
NEW YORK— Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:. BP PLC, up 82 cents to $34.31. PepsiCo Inc., up $1.26 to $97.07.
The major restaurant companies are expected to report generally higher third-quarter earnings, although there could be some disappointments.
Could McDonald's get a bump from its all-day breakfast strategy. Stephanie Link, TIAA-CREF, discusses CEO Steve Easterbrook's leadership, and Pete Najarian has 2 catalysts to take the stock higher.
McDonald's is kicking off serving breakfast all day starting Tuesday, October 6th. NBC's Ron Mott reports it was social media fans that pressured the company.
General Mills issued a recall of some Cheerios and Honey Nut Cheerios cereal because some that were labeled as gluten-free contained wheat.
OTTAWA, Oct 5- Canada said on Monday that a major trade deal agreed by 12 Pacific nations would only allow limited access to protected Canadian domestic dairy and poultry markets, a politically sensitive issue ahead of the Oct 19 election. Farmers said during the negotiations that they could be crippled if Canada gave up too much of its supply management system,...
NEW YORK— Wendy's said Monday that it its next CEO will be chief financial officer Todd Penegor. He previously worked at cereal maker Kellogg Co. and automaker Ford Motor Co. Wendy's said it is looking outside the company for a new CFO. Shares of The Wendy's Co. fell a penny to $8.70 in morning trading Monday.
NEW YORK— General Mills is recalling 60,000 bags of its Cascadian Farm frozen green beans after one package tested positive for listeria, the second time this year the company has found the bacteria in its green beans. The recall announced Friday is for 16- ounce bags of Cascadian Farm green beans with a "Better If Used By" date of June 29, 2017.
McDonald's at some locations are offering all-day breakfast ahead of the national launch early next week.
Newell Rubbermaid CEO Michael Polk, discusses innovation in the food preservation space, and the state of the consumer.
Responsibility for the poor showing, city officials said, lies with Livingston's biggest water user, Foster Farms, the largest poultry producer west of the Rocky Mountains. It also sucks up roughly two-thirds of the city's annual water supply, which has made meeting state mandated water-reduction targets virtually impossible, Livingston officials said.
NEW YORK— Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:. ConAgra Foods Inc., up 40 cents to $40.91. McCormick& Co., down $3.50 to $78.68.
Oct 1- ConAgra Foods Inc said it will cut about 1,500 jobs and outsource technology and back office positions, joining other packaged food companies in announcing cost cuts, and the company also plans to move its headquarters to Chicago from Omaha. ConAgra rivals including Campbell Soup Co and General Mills have cut jobs and costs as consumers shift to fresher...
OMAHA, Neb.— ConAgra Foods will eliminate 1,500 jobs— which represents 30 percent of its office-based workforce— and move its headquarters to Chicago from Omaha, Nebraska, with the goal of creating a more-efficient packaged food company. Company officials said Thursday that its new Chicago headquarters will have about 700 workers by next summer, including top...
A Muslim farmworker has been dragged from his home in an Indian village and beaten to death by an angry mob after rumors were spread that his family had been eating beef and storing the meat in their home.
A Muslim farmworker has been beaten to death in India by an angry mob over rumors his family had been eating beef, the FT reports.
NEW YORK— The CEOs of several major food and beverage companies are calling on world leaders to push for a meaningful agreement at the United Nation's conference on climate change later this year in Paris. The 10 companies, including cereal maker General Mills and candy maker Mars Inc., will run an open letter as a full-page ad in the Financial Times and...
DES MOINES, Iowa— A virus that killed more than 8 million baby pigs in 2013 and 2014 nearly matches the DNA of a virus found in China and was likely carried into the United States on reusable tote bags used in international trade, the U.S. Department of Agriculture said Wednesday. How the virus spread remains unknown, but many scenarios of how it arrived in the U.S. and...