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Food and Beverage Food Products

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  • *More than 24 mln birds affected by flu virus- USDA. CHICAGO, May 5- The U.S. government approved the use of an additional $330 million in emergency funds to help contain the worst avian influenza outbreak in U.S. history, as infected bird cases soared and hundreds of Minnesota poultry workers learned they would lose their jobs. Agriculture Secretary Tom Vilsack's...

  • Bird flu impact by the numbers Tuesday, 5 May 2015 | 1:21 PM ET
    Bird flu impact by the numbers

    CNBC's Morgan Brennan digs into the real impact of the bird flu outbreak on the poultry industry.

  • May 5- Kellogg Co, the world's largest maker of breakfast cereals, reported better-than-expected quarterly profit and sales as demand rose in Latin America. The maker of Corn Flakes and Rice Krispies said on Tuesday that sales in Latin America rose 6 percent to $295 million in the first quarter ended April 4. The company's sales rose across product lines in Asia...

  • CHICAGO, May 5- The largest-ever U.S. outbreak of avian influenza, which has devastated Midwestern poultry and egg producers in recent weeks, could be felt at Thanksgiving tables across the nation come November, farmers and some trade groups say. The virulent H5N2 strain has already spread to 14 states and led to the deaths or scheduled euthanizations of more...

  • May 4- Sysco Corp reported a lower-than-expected quarterly profit, hurt by higher costs and a strong dollar, a day before hearing begins on the Federal Trade Commission's motion to block the company's acquisition of rival US Foods Inc.. Sysco, the no. 1 U.S. food distributor, said on Monday that higher prices of meat, dairy and poultry products, expenses related to...

  • May 4- Tyson Food Inc, the biggest U.S. meat processor, posted a better-than-expected quarterly profit, helped by its acquisition of Jimmy Dean sausage maker Hillshire Brands Co last year. Tyson, which bought Hillshire to expand its prepared foods business, said it expects to achieve more than $250 million in savings this year, up from the more than $225 million it...

  • Sysco's profit falls as meat, poultry costs rise Monday, 4 May 2015 | 8:14 AM ET

    May 4- Sysco Corp, the no. 1 U.S. food distributor, reported a 2 percent fall in quarterly profit, hurt by a rise in meat and poultry prices, a strong dollar and higher expenses. Sysco, whose proposed $3.5 billion deal to buy smaller rival US Foods Inc is facing opposition from the Federal Trade Commission, said net income fell to $177 million, or 30 cents per share, in the...

  • May 4- Tyson Foods Inc, the biggest U.S. meat processor, reported a 10.5 percent rise in quarterly sales, helped by the acquisition of Jimmy Dean sausage maker Hillshire Brands Co.. Net income attributable to Tyson Foods rose to $310 million, or 75 cents per share, in the second quarter ended March 28, from $213 million, or 60 cents per share, a year earlier.

  • Working for Buffett is like 'marriage': BNSF chief Saturday, 2 May 2015 | 11:04 AM ET
    Matthew 'Matt' Rose, chairman and chief executive officer of Burlington Northern Santa Fe LLC (BNSF).

    BNSF is currently the largest entity in Berkshire Hathaway's portfolio. Is there a lot of pressure when you report to Warren Buffett?

  • CHICAGO, May 1- Hog farmers are six times more likely than the general population to carry an infectious bacteria that can cause skin and respiratory problems and resists treatment from multiple drugs, according to a new U.S. research study. The study, published this week in the online journal Clinical Infectious Diseases, is the largest-ever examination of...

  • CHICAGO, April 30- The highly pathogenic H5 avian flu turned up in initial tests at five more farms in Iowa, including a commercial egg operation housing up to 5.5 million birds, Iowa's agriculture department said on Thursday. The egg farm's owner, Rembrandt Foods, one of the top U.S. egg producers, confirmed the outbreak but disputed the number of birds affected.

  • April 30- Maple Leaf Foods reported a profit on an adjusted basis after six quarters due to lower operating costs as the Canadian meat processor worked through its plan to upgrade its plants. As part of its plan to focus on its meat operations, Maple Leaf, sold its bakery business, Canada Bread Co, to Mexico's Grupo Bimbo last year. Net loss from continuing operations...

  • Maple Leaf Foods reports adjusted profit Thursday, 30 Apr 2015 | 7:54 AM ET

    April 30- Maple Leaf Foods reported a quarterly profit on an adjusted basis due to lower operating costs as the Canadian meat processor worked through a plan to replace older meat plants. Net loss from continuing operations narrowed to C $2.8 million, or 2 Canadian cents per share, in the first quarter ended March 31, from C $124.6 million, or 89 Canadian cents per...

  • *Vegetarian sausages prove popular in Berlin. BERLIN, April 29- Germans, known for their love of sausages, are eating less meat and more vegetarian food as concerns grow about health, animal welfare and the environmental cost of livestock farming. Meat consumption is stable or declining in most developed countries but the shift is particularly striking in...

  • April 29- Backers of mandatory labeling for genetically modified foods on Wednesday launched a campaign aimed at turning back food company lobbying against labeling, and the first target is PepsiCo. PepsiCo is one of many food and agricultural companies that signed on to a letter delivered Tuesday to members of Congress supporting passage of the "Safe and...

  • Officials with the U.S. Department of Agriculture's Animal and Plant Health Inspection Service told Reuters the H5N2 virus- along with two other highly pathogenic strains of bird flu- will likely be passed among birds at breeding grounds in the northern United States and Canada through the summer. The USDA statement marks a shift in tone in the agency's...

  • April 28- Kraft Foods Group Inc, which is merging with ketchup maker H.J. Kraft's net income fell 16 percent to $429 million, or 72 cents per share, in the first quarter ended March 28 from $513 million, or 85 cents per share, a year earlier. Heinz, backed by Warren Buffett's Berkshire Hathaway Inc and Brazilian private equity firm 3 G Capital, will combine with Kraft to...

  • UPDATE 1-Panera profit falls 25 percent, shares down Tuesday, 28 Apr 2015 | 4:55 PM ET

    April 28- Panera Bread Co on Tuesday reported a steep 25 percent drop in quarterly net profit as it works to increase speed and sales at its popular bakery cafes, sending shares down more than 3 percent in extended trading. Panera's first-quarter net income fell 25 percent to $31.9 million, or $1.20 per share. McDonald's Corp is cutting its bloated menus and...

  • Panera profit falls 25 percent, shares down Tuesday, 28 Apr 2015 | 4:40 PM ET

    April 28- Panera Bread Co on Tuesday reported a steep 25 percent drop in quarterly net profit as it works to increase sales at its popular bakery cafes, sending shares down nearly 4 percent in extended trading. Panera's first-quarter net income fell 25 percent to $31.9 million, or $1.20 per share. St. Louis- based Panera reiterated its forecast for 2015 diluted...

  • Kraft Foods quarterly profit falls 16 pct Tuesday, 28 Apr 2015 | 4:27 PM ET

    April 28- Kraft Foods Group Inc, which is merging with ketchup maker H.J. Kraft's net income fell 16 percent to $429 million, or 72 cents per share, in the first quarter ended March 28 from $513 million, or 85 cents per share, a year earlier. Heinz, backed by Warren Buffett's Berkshire Hathaway Inc and Brazilian private equity firm 3 G Capital, will combine with Kraft to...