Food and Beverage Food Products

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  • *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 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.

  • 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.

  • 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.

  • Chipotle shareholders hopeful: Analyst Wednesday, 3 Feb 2016 | 10:30 AM ET
    Chipotle shareholders hopeful: Analyst

    Chipotle's shares have been hit since the E.coli outbreak linked to the restaurant chain. Karen Short, Deutsche Bank, shares her view of the stock after the company's same-store sales growth disappointed.

  • Italian cheese firm sells Parmesan-backed bond Wednesday, 3 Feb 2016 | 8:05 AM ET
    Italian cheese firm sells Parmesan-backed bond

    Cheese-maker 4 Madonne Caseificio dell'Emilia raised $6.55 million in mini-bonds guaranteed by wheels of Parmesan.

  • Feb 2- Chipotle Mexican Grill Inc said a federal criminal probe linked to a food-safety incident at a California restaurant had widened into a national investigation, sending its shares down 8.6 percent in extended trading on Tuesday. Attorney's office for the Central District of California. Norovirus outbreaks were also reported in Massachusetts and...

  • Coming back to a grill near you: Argentine steaks Tuesday, 2 Feb 2016 | 4:02 PM ET

    BUENOS AIRES, Feb 2- Argentina could reclaim a strong presence on dining tables worldwide by exporting up to twice as much beef in the next two years, after the new center-right government cut export taxes and quotas on the red meat, industry groups said. "Argentina is returning to the market," Mario Ravettino, president of the Consortium of Meat Exporters ABC,...

  • Get a gold-covered pizza from Pizza Hut Tuesday, 2 Feb 2016 | 7:38 AM ET
    Get a gold-covered pizza from Pizza Hut

    The pizza chain is celebrating the Super Bowl's 50th anniversary by giving away 50 limited-edition golden pizzas.

  • NEW YORK, Feb 2- Americans say they are on a sugar detox. A Reuters/Ipsos poll of 1,883 adults living in the United States, conducted Jan. 15-21, finds that 58 percent say they tried to limit sugar in their diets in the previous 30 days. To be sure, the survey asked people about their attempts to limit sugar, not about their success rate in doing so, and notoriously...