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Food and Beverage Food Products

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  • *Visa, MasterCard rise as China opportunity seen. Visa gained as much as 7.1 percent to hit a record of $69.98, while MasterCard came shy of its all-time high, after China said it would open up its market to foreign firms for clearing domestic bank card transactions. MasterCard rose as much as 5.3 percent to $92.43.

  • *Visa, MasterCard rise as China opportunity seen. Visa gained as much as 7.1 percent to hit a record of $69.98, while MasterCard came shy of its all-time high after China said it would open up its market to foreign firms for clearing domestic bank card transactions from June. MasterCard rose as much as 5.3 percent to $92.43.

  • The sealed memorandum was one of many documents that Sysco has filed in its fight with the Federal Trade Commission's over whether it can merge with No. 2 US Foods. "In one instance, the FTC claims Sysco and US Foods would control 100 percent of the market in San Diego. The U.S. government filed a lawsuit in February seeking to block Sysco's $3.5 billion takeover of US...

  • April 22- Yum Brands Inc, owner of the KFC, Taco Bell and Pizza Hut restaurant brands, on Wednesday said it expects another tough quarter before a recovery in China, its No. 1 revenue and profit driver, bolsters results in the second half. Yum China's 2014 second quarter ended roughly a month before allegations of improper meat handling at OSI Group's Shanghai Husi...

  • Teva's turnaround CEO sets sights on $40 bln mega-deal Wednesday, 22 Apr 2015 | 9:06 AM ET

    TEL AVIV, April 22- Israeli turnaround specialist Erez Vigodman, the chief executive of Teva Pharmaceutical Industries, is looking to pull off the ultimate transformation, with the biggest deal in Israel's corporate history. His unsolicited $40 billion offer for smaller generic drug rival Mylan Inc is Vigodman's attempt to turn Teva into a global drug...

  • US STOCKS-Wall St to open flat on mixed bag of earnings Wednesday, 22 Apr 2015 | 9:05 AM ET

    *Angie's List rallies after surprise profit. First-quarter earnings of S&P 500 companies are expected to dip 2.2 percent, while revenues are seen declining 3.1 percent, according to Thomson Reuters data which includes companies that already reported. "Equity investors have been selling this year while credit investors have been investing aggressively,"...

  • 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...

  • US STOCKS-Futures fall with eyes on earnings, dollar Wednesday, 22 Apr 2015 | 7:43 AM ET

    *EMC Corp dropped 2.2 percent to $25.75 as the data storage equipment maker cut its full-year forecast, citing the strong dollar. *Yahoo shares were up 1.3 percent at $45.07 after the company said it had hired advisers to determine the "most promising opportunities" for its stake in Yahoo Japan. *Broadcom rose 6.4 percent to $46.80 after the wireless chip maker...

  • Tesco gives more detail on supplier deals after scandal Wednesday, 22 Apr 2015 | 4:55 AM ET

    LONDON, April 22- Tesco provided more information about how it accounts for relationships with suppliers on Wednesday after an accounting scandal that contributed to an annual loss of 6.4 billion pounds. Britain's biggest retailer announced last year it had overstated profits by 263 million pounds due to booking deals with suppliers too early, prompting a...

  • BANGKOK, April 22- Thailand's agriculture minister said on Wednesday he had confidence in measures designed to combat illegal fishing after the European Union gave the country six months to clean up its act. The European Commission, the executive body of the European Union, put Thailand on formal notice on Tuesday for not taking sufficient measures in the...

  • Up to now, the USDA has said it would prefer not to allow farmers to vaccinate their flocks, as doing so could prompt wider import bans on U.S. poultry and eggs in the $5.7 billion export market. The USDA has been working to develop a vaccine that would protect chickens and turkeys from this highly contagious strain of flu. The outbreak has dragged on longer than...

  • BANGKOK, April 22- Thailand's agriculture minister said on Wednesday he had confidence in measures designed to combat illegal fishing after the European Union gave the country six months to clean up its act. The European Commission, the executive body of the European Union, put Thailand on formal notice on Tuesday for not taking sufficient measures in the...

  • April 21- Chipotle Mexican Grill Inc expects the removal of pork from one-third of its restaurants to hurt sales this year, the burrito chain said, after reporting the slowest same-restaurant sales growth in five quarters. "We think our pork shortage is currently impacting our sales by as much as 200 basis points," Chief Financial Officer Jack Hartung said on a...

  • April 21- Yum Brands Inc, owner of KFC and Pizza Hut chains, on Tuesday said business in its biggest market China is recovering from a meat scare at one of its minor suppliers and that the division would finish the year strong. Yum is making "continued progress" in China, Chief Executive Greg Creed said in a statement. "We will deliver full-year EPS growth of at least 10...

  • April 21- Chipotle Mexican Grill Inc reported the slowest growth in quarterly same-restaurant sales in more than a year, hurt by the removal of pork products from some of its restaurants. The company's net income rose to $122.6 million, or $3.88 per share, from $83.1 million, or $2.64 per share, a year earlier. Analysts on average had expected a profit of $3.66 per...

  • Chipotle reports lower-than-expected quarterly sales Tuesday, 21 Apr 2015 | 4:21 PM ET

    April 21- Chipotle Mexican Grill Inc reported lower-than-expected quarterly sales, hurt by the removal of pork products from some of its restaurants as well as price increases. Chipotle's net income rose to $122.6 million, or $3.88 per share, from $83.1 million, or $2.64 per share, a year earlier. Revenue rose 20.4 percent to $1.09 billion, but fell short of average...

  • Yum's China restaurant sales drop less than expected Tuesday, 21 Apr 2015 | 4:19 PM ET

    April 21- Yum Brands Inc, owner of KFC and Pizza Hut, said on Tuesday that sales at established restaurants in its biggest market China fell less than expected for the first quarter as it works to recover from a food scandal involving a minor supplier. Same-restaurant sales in China, Yum's No. 1 market for revenue and profit, declined 12 percent for the latest quarter...

  • CHICAGO, April 21- The spread of a deadly strain of bird flu into an Iowa egg farm accelerated market concerns over how big of a bite the current outbreak could take from the United States' egg and poultry businesses, sending shares of several leading meat companies' down on Tuesday. Minnesota, the largest turkey-producing state in the country, has been the hardest...

  • *Global nutraceutical market seen at $280 bln by 2018. LONDON, April 21- A boom in "nutraceuticals"- food and drinks with potential health benefits- is paving the way for a rush of deals, as food and drug companies compete to dominate a market expected to be worth $280 billion by 2018.. "The space is ripe for M&A and I think you are going to see more," added Jeremy Johnson,...