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Food and Beverage Food Products

  • Maple Leaf said adjusted operating earnings in its meat products unit, the company's primary source of income, more than doubled to C $65.93 million in the third quarter ended Sept. 30. The company's net earnings rose to C $31.83 million, or 23 Canadian cents per share, from C $18.68 million, or 13 Canadian cents per share, a year earlier. Total sales for Canada's...

  • Nov 2- Canadian meat processor Maple Leaf Foods Inc reported a 70.4 percent jump in quarterly profit, helped by higher sales in its prepared meats business. Net earnings rose to C $31.8 million, or 23 Canadian cents per share, in the third quarter, from C $18.7 million, or 13 Canadian cents, a year earlier. Maple Leaf's total sales rose 4.1 percent to C $852.1 million.

  • MANILA, Nov 2- In four years, Ivan Rey Tan worked with seven Philippine businesses. Now, new President Rodrigo Duterte's government is aiming to bar the employ-on-contract practice because it offers no job security, health or other benefits and tramples on workers' rights. If the state forces all companies to make all their employees permanent, "we will bring the...

  • MANILA, Nov 2- In four years, Ivan Rey Tan worked with seven Philippine businesses. Now, new President Rodrigo Duterte's government is aiming to bar the employ-on-contract practice because it offers no job security, health or other benefits and tramples on workers' rights. If the state forces all companies to make all their employees permanent, "we will bring the...

  • SYDNEY, Nov 2- TPG Capital Management has slashed pricing for the IPO of Inghams Group, Australia's largest poultry producer, and also cut the size of the offering, said one of the advisers to the U.S. private equity giant. That compares with a previous indicative range of A $3.57 to A $4.14. The revised offering, which includes new shares, is now worth some A $618...

  • A KFC restaurant on Qianmen street, Beijing, China.

    Shares of the newly spun-off Yum China rallied on their first day of trade but strategists warn of dark clouds ahead.

  • Craft beer gaining ground in Asia

    Greg Koch, co-founder of Stone Brewing, talks about the appeal of craft beers and how Asian consumers are seeking out these bespoke, artisanal alternatives.

  • *Japan's Ajinomoto more likely winner than PepsiCo- sources. *Promasidor offers access to Africa- wide distribution network. LONDON/ NEW YORK, Nov 1- Japan's Ajinomoto and PepsiCo are among bidders seeking to buy a stake in African dairy and drinks company Promasidor in a deal that would give them access to its distribution network across the continent, sources...

  • The airborne device was fitted with a turbine and condenser that sucked moisture directly from the cloud and cooled it into water, according to Innis and Gunn.

    A brewery says it has created a new pale ale using moisture harvested from the clouds above southern Scotland, NBC News reports.

  • Yum China CEO: We will have more restaurants in China than US

    Mickey Pant, Yum China CEO, discusses the spinoff of the China division from its parent company and how he plans to lead the new company to growth there.

  • Yum CEO: We're so far from being saturated

    Greg Creed, Yum Brands CEO, discusses the spinoff of the China division and how the company is growing its brands worldwide.

  • Chipotle's Tasty Made burger shop getting bland reviews

    The company's new burger concept is not impressing diners, with many saying it's 'meh.'

  • CARACAS, Oct 31- Venezuelan food company Polar, the South American nation's largest private firm, on Monday denounced harassment by state intelligence agents who have been stationed at the gates of its headquarters since late last week. Lorenzo Mendoza, owner of the conglomerate, said armed and masked officers from the Sebin intelligence agency have also been...

  • Hershey's net sales in North America, which account for about 85 percent of total sales, rose 1.8 percent to $1.76 billion in the third quarter ended Oct. 2. Shares of the company, which is based out of its namesake town in Pennsylvania, were up 2 percent at $97.42 in premarket trading on Friday. The company, which rejected a $23 billion buyout offer from Mondelez...

  • Hershey's net sales in North America, which account for about 85 percent of total sales, rose 1.8 percent to $1.76 billion in the third quarter ended Oct. 2. The company, which rejected a $23 billion buyout offer from Mondelez International Inc in June, said in July it would cut costs by consolidating its supply chain and some factories in China and North America, as...

  • Oct 27- Smithfield Foods Inc closed its Tar Heel, North Carolina, hog processing plant on Thursday and Friday due to "operational issues" resulting from Hurricane Matthew, company spokeswoman Kathleen Kirkham said. She said the facility, the largest hog processing plant in the world, is "facing operational issues" as the company is still regaining its footing...

  • SAO PAULO, Oct 26- JBS SA has scrapped a program to move some operations outside Brazil after a government agency vetoed the move, sending shares of the world's biggest beef exporter tumbling and dealing a blow to a plan to become a global food processing powerhouse. In a Wednesday securities filing, São Paulo-based JBS said that BNDES Participações SA, the...

  • Oct 26- Dr Pepper Snapple Group Inc is in talks to acquire Bai Brands LLC, people familiar with the matter said on Wednesday, a move that would break its track record of only investing small stakes in growth drinks brands. Dr Pepper Snapple may be willing to value Bai at more than $1.5 billion, one of the people said. It was founded in 2009 by entrepreneur Ben Weiss, who...

  • Arby's announced Tuesday it will begin testing venison sandwiches in select markets by the end of the month, USA Today reports.

  • Shares of oil companies, such as Brazil's state-controlled Petróleo Brasileiro SA, also fell. Shares in JBS fell 17 percent, the largest intraday drop since October 2008 and by far the biggest loser in Brazil's benchmark Bovespa stock index. JBS said BNDES Participações SA, the investment arm of Brazil's state development bank BNDES opposed its...