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Food and Beverage Food Products

  • *Kate Spade rises on Coach's buyout offer. Currency markets were in sharp focus, with the euro hitting a six-month high against the dollar after Macron comfortably defeated far-right nationalist Marine Le Pen who had threatened to take France out of the European Union. But we remain largely constructive of the equity market and view that the path of least...

  • May 8- Tyson Foods Inc said on Monday quarterly profit fell 21 percent, hurt by fires at two chicken plants, and that Florida's attorney general was seeking information from the company regarding a probe into possible anticompetitive behavior. Net income attributable to Tyson declined to $340 million in the quarter ended April 1 from $432 million a year...

  • May 8- The S&P 500 and the Nasdaq Composite lost ground after touching record highs on Monday as investors looked for fresh catalysts following centrist Emmanuel Macron's widely expected victory in the French presidential election. Currency markets were in sharp focus, with the euro hitting a six-month high against the dollar after Macron comfortably...

  • May 8- Tyson Foods Inc said on Monday quarterly profit fell 21 percent, hurt by fires at two chicken plants, and that Florida's attorney general was seeking information from the company regarding possible anticompetitive conduct. Tyson said Florida's attorney general had requested information primarily related to possible anticompetitive conduct in...

  • *Macron beats Le Pen in French presidential election. Currency markets were in sharp focus, with the euro hitting a six-month high against the dollar after Macron comfortably defeated far-right nationalist Marine Le Pen who had threatened to take France out of the European Union. "The results came in as expected and the market had already factored that in," said...

  • Net income attributable to Tyson declined to $340 million, or 92 cents per share, in the second quarter ended April 1, from $432 million, or $1.10 per share, a year earlier. Tyson Foods' sales fell about 1 percent to $9.08 billion, declining for the fifth time in six quarters but edged past analysts' average estimate of $9.05 billion, according to Thomson Reuters...

  • May 8- Tyson Foods Inc, the No. 1 U.S. meat processor, reported a 21.3 percent slump in quarterly profit as a fire at two of its plants in the period disrupted chicken production, hurting sales at the company's second-biggest business. Net income attributable to Tyson declined to $340 million, or 92 cents per share, in the second quarter ended April 1, from $432 million,...

  • OMAHA, Neb., May 6- Warren Buffett on Saturday downplayed suggestions that Berkshire Hathaway Inc's partnerships with Brazil's 3 G Capital, a renowned cost-cutter, undermined Berkshire's own value system. Speaking at Berkshire's annual meeting in Omaha, Nebraska, Buffett said, "there is a good chance we will do more, and perhaps bigger things" with 3 G, which was...

  • Net income attributable to Kellogg rose to $262 million, or 74 cents per share, in the first quarter ended April 1, from $175 million, or 49 cents per share, a year earlier. The planned tax benefit resulted in a 14 cent benefit to the company's adjusted profit per share. Excluding items, Kellogg earned $1.06 per share, beating analysts' estimate of 99 cents per share,...

  • Chinese companies are interested in oysters choking up the Danish shoreline that have ignited social media interest in China.

    Every crisis is an opportunity. And for Chinese businesses, the current one of stubborn oyster intruders overrunning parts of the coast of Denmark is spelling fortune and feasts.

  • WASHINGTON, May 3- A former accountant at the U.S. Securities and Exchange Commission is expected to settle parallel criminal and civil charges, after he was caught illegally trading options while working at the agency, according to multiple sources familiar with the matter. The charges against David R. Humphrey, a 16- year SEC veteran, represent a rare instance...

  • Yum has a pricey plan to turn around Pizza Hut

    Yum brands has a $130 million plan to give a much-needed boost to Pizza Hut.

  • May 3- Cheerios cereal maker General Mills Inc said its Chief Operating Officer Jeffrey Harmening will take over as chief executive from Ken Powell, who will retire next year. Harmening, 50, has been with General Mills since 1994 and was named COO in July last year. Powell will continue to be chairman till he retires and Harmening's appointment will be effective...

  • *Q1 Latin America revenue rises 11.4 pct. May 2- Mondelez International Inc reported higher-than-expected quarterly profit and sales, helped by cost cuts, strong sales of its chocolate brands such as Cadbury Dairy Milk and Milka, and better product pricing mainly in Latin America. Mondelez's Latin America net revenue, which accounts for about 14 percent of...

  • LOS ANGELES, May 2- The Service Employees International Union, backer of a five-year campaign to improve pay and job conditions for fast-food workers, on Tuesday asked Illinois and California officials to investigate how McDonald's Corp calculates restaurant rents, which generate about one-fourth of its revenue. "McDonald's sky-high rents leave...

  • May 2- Mondelez International Inc, the world's second-largest confectionary company, reported higher-than-expected quarterly profit and sales, helped by better pricing mainly in Latin America and also its cost-saving programs. Shares of the Deerfield, Illinois- based company rose 2.4 percent to $44.80 in extended trading on Tuesday.

  • May 2- Mondelez International Inc, the world's second-largest confectionary company, reported a higher-than-expected quarterly profit, helped by its cost-saving programs and stronger sales in Latin America. Net income attributable to Mondelez fell to $630 million, or 41 cents per share, in the first quarter ended March 31, from $554 million, or 35 cents per...

  • LOS ANGELES, May 2- The Service Employees International Union, backer of a five-year campaign to improve pay and job conditions for fast-food workers, on Tuesday asked Illinois and California officials to investigate how McDonald's Corp calculates restaurant rents, which generate about one-fourth of its revenue. "McDonald's sky-high rents leave...

  • Bulls sink their teeth into this snack food stock

    Jon Najarian is tracking some bullish options activity in the consumer staples giant, Mondelez.

  • McDonald's invents a new utensil

    McDonald's is introducing the Frork - kind of.