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Food and Beverage Food Products

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  • U.S. sues to stop proposed merger of Sysco, US Foods Thursday, 19 Feb 2015 | 2:15 PM ET

    WASHINGTON, Feb 19- U.S. antitrust regulators filed a lawsuit on Thursday aimed at stopping food distribution giant Sysco Corp from purchasing smaller rival US Foods, the Federal Trade Commission said on Thursday. Sysco and US Foods, the largest U.S. food distributors and the only ones with national reach, announced the $3.5 billion deal in December 2013.

  • CARACAS, Feb 19- The U.S.-based owner of a supermarket chain taken over by Venezuela's socialist government hopes to recover his business despite accusations of hoarding goods to inflate shopping lines. Dia Dia owner Jose Vicente Aguerrevere, a Venezuelan who now lives in Boston after spending most of his life in Europe and the United States, told Reuters by...

  • *Carrefour to open first Kenya store this year. *Kenya seen as gateway to regional trade. Kenya, with a GDP of $53.4 billion, is a gateway to regional trade, but it holds other attractions for retail investors.

  • UPDATE 2-Nestle forecasts improvement in 2015 Thursday, 19 Feb 2015 | 5:38 AM ET

    *Working to fix North American frozen, China businesses. VEVEY, Switzerland, Feb 19- Nestle, the world's largest packaged foods maker, forecast sales growth around 5 percent this year, at the low end of its long-term goal, as it grapples with deflation in Europe and a slowdown in China. The goal includes improvements in margins, helped by cost savings and efforts to...

  • China's chocolate sales to grow 60% by 2019: Hershey Wednesday, 18 Feb 2015 | 10:00 PM ET

    China's chocolate sales will grow to $4.3 billion by 2019, up nearly 60 percent from 2014, driven by a growing urban population, a Hershey official said.

  • NEW YORK, Feb 18- Chocolate sales in China should grow to $4.3 billion by 2019, up nearly 60 percent from $2.7 billion in 2014 and driven by demand from the growing urban population, a senior Hershey officer forecast on Wednesday. He projected the company's China sales would grow by 35 percent to $450 million in 2015. Based on that figure, chocolate sales in China...

  • Nestle chocolates going au naturel Tuesday, 17 Feb 2015 | 4:17 PM ET
    Nestle Butterfinger Peanut Butter Cups.

    The change will affect more than 250 products across 10 brands, including Butterfinger, Nestle Crunch and Baby Ruth.

  • TORONTO, Feb 17- Restaurant Brands International Inc, the parent of Burger King and Canadian coffee and doughnut chain Tim Hortons, reported robust quarterly sales growth on Tuesday, crediting new menu items for driving traffic. Restaurant Brands executives credited new menu items like Burger King's A1 ultimate bacon cheeseburger and Tim Horton's dark...

  • Will kids go for this nutritious startup? Monday, 16 Feb 2015 | 11:50 AM ET
    Will kids go for this nutritious startup?

    Having quality family time and your children eating healthily is key to families. Philippa Askham, founder of Sweetpea Pantry explains how it hopes to help this situation.

  • Water, air quality fears conflict with pig farms Monday, 16 Feb 2015 | 10:19 AM ET

    Modern meat production has proven to be efficient and profitable, but comes with its own set of problems.

  • Candy and roses! 1-800-FLOWERS blooms despite odds Saturday, 14 Feb 2015 | 2:00 PM ET
    Bouquet of roses

    The flower business is blooming for 1-800-FLOWERS, which has weathered downturns and the fact that consumers use them infrequently.

  • CHICAGO, Feb 13- Craig Uden, who fattens cattle for beef on his Nebraska feedlot, expects to cut his energy costs by as much as a quarter this year because of falling oil prices- a silver lining in an otherwise tough rural economy. Midwest grains belt, oil's recent drop could save farmers more than $1.1 billion in 2015, cutting $8 from the roughly $600- per-acre...

  • Tracking Kellogg's dismal Q4 sales Thursday, 12 Feb 2015 | 9:31 PM ET
    Tracking Kellogg's dismal Q4 sales

    Apart from a lackluster cereal business in the U.S, Kellogg's snack business is also suffering as consumers turn to healthier alternatives, says Erin Lash, senior equity analyst at Morningstar.

  • Chef Boyardee owner names new CEO, cuts forecasts Thursday, 12 Feb 2015 | 5:13 PM ET
    Cans of Chef Boyardee

    ConAgra Foods shares fell after it announced changes in management and cut its full year 2015 earnings forecasts.

  • Feb 12- Kellogg Co, the world's largest maker of breakfast cereals, cut its forecast for long-term annual revenue growth as consumers shift away from cereals and snacks to cheaper private label foods and cook more at home. Cereals and other processed foods from Kellogg, ConAgra Foods Inc and General Mills Inc are facing stiff competition from breakfast options...

  • Feb 12- Kellogg Co, the world's largest maker of breakfast cereals, reported lower-than-expected quarterly sales as weak demand in Europe and Asia Pacific overshadowed a revival in U.S. sales. Processed food makers such as Kellogg, ConAgra Foods Inc and General Mills Inc are facing stiff competition from breakfast options such as yogurt and frozen egg...

  • Nestle takes on Hershey's in non-chocolate wars Wednesday, 11 Feb 2015 | 3:09 PM ET
    Red licorice

    For years, Hershey-owned Twizzlers have twisted the licorice market to its own desires. Now, Nestle wants a bite of that action.

  • SAO PAULO, Feb 11- Brazilians are hoarding water in their apartments, drilling homemade wells and taking other emergency measures to prepare for forced rationing that appears likely and could leave taps dry for up to five days a week because of a drought. Other cities in Brazil's heavily populated southeast such as Rio de Janeiro face less dire shortages but...

  • Forget V-Day, we buy chocolate all year Wednesday, 11 Feb 2015 | 10:17 AM ET
    Valentine's Day chocolate sales

    Chocolate purchases are consistent all year, and don't move dramatically for Valentine's Day, according to data.

  • Feb 11- Mondelez International Inc, the maker of Cadbury chocolate and Oreo cookies, reported a better-than-expected adjusted quarterly profit and said it expects cost cuts to boost full-year adjusted operating margin this year. Like other companies in the food industry, Mondelez has faced sluggish markets in some of its key categories.