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Food and Beverage Food Products

  • 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...

  • An employee monitors foil-wrapped Cadbury Creme Eggs as they move along the production line at the Bournville Cadbury factory, operated by Mondelez International Inc., in Birmingham, U.K.

    Mondelez reported a 6.6 percent drop in quarterly revenue, largely due to deconsolidation of its Venezuelan operations.

  • Oct 25- Chipotle Mexican Grill Inc on Tuesday reported a bigger-than-expected drop in quarterly sales at established restaurants as it fights to recover from a string of food safety lapses late last year. Shares in Chipotle fell 2.2 percent to $396.84 after the Denver- based burrito seller posted a 21.9 percent drop in third-quarter sales at restaurants open...

  • Oct 25- Chipotle Mexican Grill Inc on Tuesday reported a bigger-than-expected drop in quarterly sales at established restaurants as it fights to recover from a string of food safety lapses late last year. Shares in Chipotle fell 2.6 percent to $395 after the Denver- based burrito seller posted a 21.9 percent drop in third-quarter sales at restaurants open at...

  • America's lobster craze sends prices soaring

    Industry experts say wholesale live lobster prices in August reached the highest level in a decade.

  • Avocado supply shrinks, prices soar

    The recent shortage of avocados force some restaurants to take guacamole off their menus.

  • *Burger King comp sales in US and Canada fall 0.5 pct. Oct 24- Restaurant Brands International Inc, owner of Burger King and Tim Hortons, reported a second straight quarter of decline in comparable sales at Burger King in the United States and Canada. Comparable sales in the United States and Canada fell 0.5 percent.

  • Girl Scout cookies

    Girl Scouts of America and General Mills teamed up to bring Girl Scout cookies to the breakfast table, TODAY reports.

  • CAIRO, Oct 24- Edita Food Industries, Egypt's maker of Twinkies, said on Monday its sweet factory in Beni Suef had been shut for three days after authorities seized its sugar, raising questions among investors over the way Egypt is handling a supply crunch. Edita, one of Egypt's largest food producers, told Reuters it had produced all required documents and denied...

  • LONDON, Oct 20- Unilever's push to raise the prices of its brands in Britain in response to a fall in the pound exposed the vulnerabilities of a company- and wider consumer brands industry- that can no longer count on selling more goods to deliver revenue growth. The pound's plunge since the June Brexit vote has put extra pressure on firms like Unilever, whose brands...

  • Millennial demands good for Nestle: CEO

    Nestle's CEO Paul Bulcke, says that his company is seeing more vigor in the U.S. than in Europe, and that changing consumer habits are affecting his company.

  • Pricing not important to organic growth: Nestle CEO

    Paul Bulcke, CEO of Nestle, says that deflation - particularly in Europe - means that pricing is not important to the organic growth of his company.

  • HONG KONG, Oct 20- Bond volumes for ChemChina's subsidiary jumped this month, underlining the market's divided views over the chemical giant's $43.5 billion acquisition of Swiss-based seeds company Syngenta and possible merger with China's Sinochem. Aggregate bond trading volumes in Europe from its unit Bluestar Finance Holdings Limited have exceeded...

  • NEW YORK, Oct 19- IBM, U.S. retailer Walmart and Tsinghua University on Wednesday announced a joint effort to track the movement of food products in China using blockchain technology to improve food safety in the world's second-largest economy. Chinese food safety practices have raised concern about contamination in China and in countries where Chinese food...