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Food and Beverage Food Products

  • About 500 of McDonald's more than 14,000 U.S. restaurants have made the changes with Florida, New York and Southern California the first regions to adopt the new format. Restaurants in San Francisco, Boston, Chicago and Seattle will start making the switch next year, according to the company, which declined to give a timeline for how long the changes will take to go...

  • Smucker's shares fell 6 percent to a nine- month low of $122.19 on Thursday on fears that the company's weak sales in the first half put its full-year forecast under threat. The company said it still expects adjusted net sales to be between flat and down 1 percent for the year ending April 2017 and adjusted earnings to be $7.60- $7.75 per share.

  • Stocks to Watch: November 17, 2016

    Wal-Mart, Best Buy and JM Smucker stocks are making headlines after releasing earnings results on Thursday.

  • The company said it would launch premium pet foods under the Nature's Recipe brand as it shores up its newest business to take on bigger rivals Mars Petcare and Nestle's Purina as well as other premium pet food makers. Smucker's net sales fell 8 percent to $1.91 billion, missing analysts average estimate of $2 billion, according to Thomson Reuters I/B/E/S.

  • OTTAWA, Nov 17- Lending activity to Canadian small businesses slowed modestly in September, though borrowing picked up for medium-sized firms, a report showed on Thursday, suggesting overall economic conditions were improving. But September's increase in lending in the manufacturing sector and in the oil-sensitive province of Alberta suggested the...

  • JAKARTA, Nov 17- Indonesia's crude palm oil output likely rose for a sixth month in October while exports were seen rising as buyers build up inventories. CPO production likely increased by 5.6 percent to 3.06 million tonnes, according to the median estimate in a survey of three industry associations and a state palm research firm. Indonesian Palm Oil...

  • *Japan pays premium over domestic buyers for chilled pork. WINNIPEG, Manitoba/ TOKYO, Nov 16- On select Canadian farms, thousands of pigs bound for Japan are getting five-star treatment. While most of Canadian meatpacker Olymel L.P.' s pigs gobble pedestrian wheat and barley fare, others dine on rations spiced with mint and ginger on a Saskatchewan farm dedicated to...

  • *Japan pays premium over domestic buyers for chilled pork. WINNIPEG, Manitoba/ TOKYO, Nov 16- On select Canadian farms, thousands of pigs bound for Japan are getting five-star treatment. While most of Canadian meatpacker Olymel L.P.' s pigs gobble pedestrian wheat and barley fare, others dine on rations spiced with mint and ginger on a Saskatchewan farm dedicated to...

  • McDonald's trying out Sriracha Big Mac

    The fast food chain is testing a Sriracha Big Mac burger in 126 restaurants throughout Ohio.

  • Milka Oreo Big Crunch Chocolate Candy Bar

    Oreo releases its newest concoction, something that may get cookie fans to head for the candy aisle, reports Eater.

  • Chairman Joerg Reinhardt said at the weekend that Alcon's woes have intensified soul-searching over the unit's future. "All options are open in the future," Chairman Joerg Reinhardt said in an interview in Swiss weekly SonntagsZeitung. "Novartis under Vasella was going to be the Johnson& Johnson of Europe," said Stefan Schneider, a Bank Vontobel analyst in Zurich. "

  • LONDON, Nov 14- Britain's biggest sandwich maker Greencore Group said on Monday it would buy U.S. convenience food manufacturer Peacock Foods for $747.5 million in a bid to transform its U.S. business. Irish-registered but London- listed Greencore had signalled an intention to expand in the United States where it already produces sandwiches, salads, sushi and...

  • LONDON, Nov 14- Irish-based Greencore Group said on Monday it planned to buy U.S. convenience food manufacturer Peacock Foods for $747.5 million in a bid to transform its U.S. business. Greencore, which is listed in London, said it would buy the business on a debt free and cash free basis, backed by a fully underwritten rights issue offered to qualifying...

  • Kroger CEO on sales growth and e-commerce

    Rodney McMullen, Kroger Chairman and CEO, discusses deflation in grocery and gives color to food pricing and sales growth.

  • SAO PAULO, Nov 10- In six months at the helm of Brazil's state development bank, Maria Sílvia Bastos Marques has implemented the most ambitious turnaround of BNDES in two decades while reversing years of costly support for handpicked local conglomerates. During the 13- year rule of the leftist Workers Party, which ended with the impeachment of President Dilma...

  • *Protests in France this year over retailers' pricing. PARIS, Nov 10- Carrefour shares fell sharply on Thursday after the French government said it was suing Europe's largest retailer for unfairly squeezing its suppliers to lower prices, following an investigation. Whether it is successful or not as a legal case, it will have an impact as it will put pressure on how...

  • Shake Shack's third-quarter net income rose to $3.8 million, or 15 cents per share, from $1.5 million, or 10 cents per share, a year earlier. Total revenue jumped 40 percent to $74.6 million. Shake Shack raised its 2016 revenue forecast to a range of $264 million to $265 million from $253 million to $256 million previously.

  • Shake Shack's third-quarter net income rose to $3.8 million, or 15 cents per share, from $1.5 million, or 10 cents per share, a year earlier. Shake Shack raised its 2016 revenue forecast to a range of $264 million to $265 million from $253 million to $256 million previously. The company's shares jumped $3.44 to $36.80 in after-hours trading.

  • Wendy's said its North America same-restaurant sales rose 1.4 percent in the third quarter ended Oct. 2 as new menu items such as the Grilled Chicken Sandwich and the "4 for $4" value meal attracted diners to its restaurants. "Our third-quarter same-restaurant sales for the North America system were driven by strong customer account growth and a slight increase...

  • Wendy's, which benefited from a rise in demand for offerings such as the new Grilled Chicken Sandwich and "4 for $4" meal, said its North America same-restaurant sales rose 1.4 percent in the third quarter ended Oct. 2. The cost of eating at home has fallen 1.1 percent this year while the cost of eating away from home has risen 2.3 percent, according to the U.S. Bureau of...