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Food and Beverage Food Products

  • *Fund managers positive on Kuwait. DUBAI, Jan 15- Stock markets in the Gulf diverged on Sunday with Saudi Arabia stalling near a six-week low and Dubai retreating on profit-taking, while Kuwait continued to outperform. Interest in the sector has risen partly because of local media reports late last year that Saudi Arabia was looking at the possibility of...

  • You won't believe the size or price of this fish

    You won't believe how much this tuna fish sold in auction.

  • Nutella maker pushes back on cancer link claims

    The company that makes Nutella is fighting claims the chocolate and hazelnut spread can cause cancer.

  • Hollywood's 'brandfather' forms new venture

    Rohan Oza, CAVU Ventures co-founder talks about his branding strategy and why his products are disrupting the food industry.

  • Jan 12- McDonald's Corp is inviting bids for the sale of a 33 percent stake in its Japan unit McDonald's Holdings Co Japan Ltd, the Wall Street Journal reported, citing people familiar with the situation. McDonald's- which last week agreed to sell the bulk of its China and Hong Kong business to state-backed conglomerate CITIC Ltd and Carlyle Group LP- said in...

  • PARIS, Jan 12- French animal health company Neovia has entered exclusive negotiations to buy a majority stake in Chinese pet food maker Sanpo, as it anticipates rapid growth in consumer spending on pets in China. Neovia has already invested in pet food activities in emerging economies such as Brazil and Mexico, and sees high potential in China where pet food...

  • The secretary of the U.S. Department of Agriculture will not approve or reject the merger but will face the issue of industry consolidation. How Trump responds on those issues- and who he picks to lead the USDA- could determine whether he is able to maintain the strong rural support he demonstrated in the Nov. 8 election. Trump has also met with Elsa Murano,...

  • Jan 12- McDonald's Corp is inviting bids for a significant stake in its Japan unit McDonald's Holdings Co Japan Ltd, the Wall Street Journal reported, citing people familiar with the situation. The fast-food company owns just under 50 percent of its Japanese unit, and is looking to sell up to 33 percent, with bids due next week, the report said....

  • A package of ConAgra Foods' Hebrew National brand beef franks.

    Citi Research forecasts Conagra Brands will grow its earnings-per-share by 9 percent a year through 2020.

  • CHICAGO, Jan 11- The U.S. Department of Agriculture on Wednesday took a step toward increasing the production of organic foods- which has not kept pace with demand- by launching a program to certify farmland that growers are in the process of switching to organic. Obtaining certification under the program will allow farmers to sell products raised in accordance...

  • ALBA, Italy, Jan 11- The $44 billion palm oil industry, under pressure in Europe after authorities listed the edible oil as a cancer risk, has found a vocal ally in the food sector: the maker of Nutella. The hazelnut and chocolate spread, one of Italy's best-known food brands and a popular breakfast treat for children, relies on palm oil for its smooth texture and shelf...

  • Chipotle stock rises on improving sales

    The burrito chain reported a smaller drop in same-store sales during the fourth quarter.

  • Jan 9- Candy and pet food conglomerate Mars Inc is buying veterinary hospital operator VCA Inc for $7.7 billion in a deal that will give the maker of Pedigree pet food an even bigger share of the $4 billion global pet healthcare market. McLean, Virginia- based Mars is already the biggest pet food company in the world- it held a quarter of the $71.77 billion global pet...

  • Jan 9- Mars Inc is buying pet hospital operator VCA Inc for $7.7 billion in a deal that will tighten the Whiskas and Pedigree pet food maker's grip on the pet care market. The combination of Mars Petcare and VCA will dominate the veterinary care industry in the United States, grabbing an even bigger share of the nearly $4 billion global pet care market.

  • Jan 9- Mars Inc said it would buy VCA Inc for $7.7 billion, cementing the Whiskas and Pedigree pet food maker's position as the largest operator of pet hospitals in the United States. VCA, founded in 1986, operates nearly 800 animal hospitals with 60 diagnostic laboratories in the United States and Canada. Barclays was VCA's financial adviser and Akin Gump...

  • SANTIAGO, Jan 6- Chile's Agriculture and Livestock Service said on Friday that the strain of bird flu detected at a turkey production plant in the country's central Valparaiso region is not highly dangerous. It added that the results would allow for normal exports from Chile to continue, after countries such as Peru halted poultry imports from the neighboring...

  • Bluefin tuna goes for $632,000 in Japanese auction

    Kiyoshi Kimura brings home a 466-pound bluefin tuna in what may be the last auction at the current site of Tokyo's Tsukiji market.

  • Jan 5- Synthetic Biologics Inc said its experimental treatment designed to reduce antibiotic-resistant "superbug" infections- notably life-threatening C. difficile- outperformed a placebo in a trial. The company's oral enzyme, ribaxamase, met the main goal of significantly reducing Clostridium difficile infection, the most common cause of...

  • SANTIAGO, Jan 4- Chile has detected bird flu at a turkey production plant run by poultry producer Agrosuper in the country's central Valparaiso region, the Agriculture and Livestock Service said on Wednesday. In 2002, a highly infectious strain of bird flu was detected in Chile for the first time, curtailing poultry exports. Different strains of bird flu, which...

  • SANTIAGO, Jan 4- Chilean poultry producer Agrosuper said on Wednesday that the presence of bird flu has been detected at a turkey production plant run by its Sopraval unit in the central Valparaiso region.