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Food and Beverage Food Products

  • Feb 6- Tyson Foods Inc reported better-than-expected quarterly revenue and profit, helped by higher beef and pork exports and lower livestock costs, and the company said it received a subpoena from the U.S. Securities and Exchange Commission. Net income attributable to Tyson rose to $593 million, or $1.59 per share, in the first quarter ended Dec. 31, from $461...

  • Net income attributable to Tyson rose to $593 million, or $1.59 per share, in the first quarter ended Dec. 31, from $461 million, or $1.15 per share, a year earlier. Sales rose marginally to $9.18 billion from $9.15 billion. Tyson's shares were up 7.8 percent at $70.50 in premarket trading on Monday.

  • Consumers are getting more choosy about the chocolates they eat.

    A bumper crop last season from benign weather in West Africa is weighing on cocoa prices, but consumers are also to blame for a 4-year low in futures.

  • Feb 3- Hershey Co, maker of Hershey's Kisses and Reese's Peanut Butter Cups, posted quarterly sales below Wall Street estimates, hurt by a drop in demand in China, one of its biggest markets. China sales fell 16.6 percent, in the fourth quarter ended Dec. 31, hurt by macroeconomic conditions in the country, Hershey said. Shopping for chocolate in China has largely moved...

  • Stocks to Watch: February 3, 2017

    Amazon, Clorox, and Hershey stocks are making headlines this Friday morning.

  • Chocolate sushi hits Tokyo for Valentine's Day

    One of Nestle's KitKat chocolate stores in Tokyo has unveiled chocolate sushi just in time for Valentine's Day.

  • *FTSE 100 up 0.5 pct at close. The FTSE 100 closed 0.5 percent higher at 7,140.75 points, marking its biggest one-day gain in two weeks. A weaker currency benefits the FTSE 100' s international firms which dominate the index.

  • In recent years, with U.S.- Russia ties increasingly frosty, the fast food chain has pursued a different strategy: go native. "We say it every time: we are a Russian company," Khamzat Khasbulatov, the head of McDonald's Russia, told Reuters. After Washington imposed sanctions on Russia over its role in Ukraine in 2014, Russia's public health watchdog briefly closed...

  • *FTSE 100 down 0.1 percent. *Aberdeen fund manager sinks on further outflows. LONDON, Feb 2- Britain's blue-chip FTSE 100 index was flat on Thursday, as a strong sterling offset gains by consumer products group Reckitt Benckiser related to a potential acquisition, as well as strong energy and mining sectors.

  • CHICAGO, Feb 1- Bacon lovers beware: U.S. prices for the greasy salty meat are set to jump in the coming months due to dwindling supplies. In January, prices climbed 56 cents- the largest monthly spike in at least four years, according to U.S. Department of Agriculture data. Bacon eaters will likely see the higher prices in about three months, said David Maloni, president...

  • Five month old-pigs, nearing their desired market weight, stand in a weaning-to-market barn at Lehmann Brothers Farms LLC in Strawn, Illinois.

    Maybe we can thank bacon ice cream sundaes for the surge in frozen pork belly demand, NBC News reports.

  • *Brazil harvest progress and drier Argentina curb soybeans. *Worsening U.S.- Mexico relations adds to hesitant mood. PARIS/ SINGAPORE, Feb 1- Chicago soybean futures edged lower on Wednesday, giving up the previous session's gains, as record Brazilian production and improving weather in Argentina boosted world supply prospects.

  • SINGAPORE, Feb 1- Chicago soybean futures edged lower on Wednesday, giving up the previous session's gains as record Brazilian production and improving weather in Argentina boosted world supply prospects. Worries about flooding in Argentina's soy belt lifted soybean futures to a six-month high on Jan. 18, but values have since retreated.

  • CHICAGO, Jan 31- U.S. food producers and shippers are trying to speed up exports to Mexico and line up alternative markets as concerns rise that this lucrative business could be at risk if clashes over trade and immigration between the Trump administration and Mexico City escalate. Some U.S. producers of corn, soybean meal and distillers dried grains, an ethanol...

  • Jan 30- Billionaire investor William Ackman's Pershing Square Capital Management has raised its stake in snack maker Mondelez to 6.4 percent. The hedge fund previously had a 5.6 percent stake in the maker of Oreo cookies, Trident gum and Milka chocolate. Ackman revealed in 2015 that Pershing Square had built a stake worth about $5.5 billion in Mondelez, in what...

  • Online grocery sales to hold 20% of market by 2025

    A report from Food Marketing Institute and Nielsen shows American consumers could spend $100-billion on food-at-home items by 2025.

  • A day after the White House suggested that the United States could impose a 20 percent tax on goods from Mexico, shares of Wal-Mart Stores and Kroger Co fell more than 1 percent, while Whole Foods Market dropped 2.8 percent. Trump on Friday repeated statements that Mexico, a major exporter of vegetables, fruits and beer, has taken advantage of the United States.

  • SAN FRANCISCO, Jan 27- Shares of U.S. supermarket operators fell on Friday as President Donald Trump kept up his criticism of Mexico, which is a major supplier of produce and other foods for U.S. consumers. A day after the White House suggested that the United States could impose a 20 percent tax on goods from Mexico, shares of Wal-Mart Stores and Kroger Co fell more...

  • SAN FRANCISCO, Jan 27- Shares of U.S. supermarket operators fell on Friday as President Donald Trump kept up his criticism of Mexico, which is a major supplier of produce and other foods for U.S. consumers. A day after the White House suggested that the United States could impose a 20 percent tax on goods from Mexico, shares of both Wal-Mart Stores and Kroger Co fell...

  • *Kernel $500 mln deal ends Ukraine issuance drought. *Ukraine hit by secessionist war, sluggish economy. LONDON/ KIEV, Jan 27- Sunflower oil producer Kernel ended Ukraine's corporate bond issuance drought this week with a $500 million deal.