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Food and Beverage Food Products

  • Whole Foods spikes in report Albertsons is exploring a bid

    Shares of Whole Foods surge as Albertsons explores bid for takeover. CNBC's Dominic Chu reports.

  • McCain Foods USA is recalling frozen hash browns from stores in nine states because the potatoes may have pieces of golf balls in them.

  • WASHINGTON— The Senate on Monday confirmed former Georgia Gov. Sonny Perdue to be agriculture secretary in President Donald Trump's administration as the farming industry looks to Washington for help amid a downturn in the market. The son of a farmer from Bonaire, Georgia, Sonny Perdue will be the first Southerner in the post in more than two decades.

  • McCain Foods USA's recall notice said the golf balls apparently were "inadvertently harvested" along with the potatoes and chopped up. The company is recalling 2- pound bags of Harris Teeter Brand Frozen Southern Style Hash Browns in North Carolina, South Carolina, Virginia, District of Columbia, Delaware, Florida, Georgia and Maryland. It is also recalling...

  • CHICAGO, April 21- A fungus that causes vomitoxin has been found in some U.S. corn harvested last year, forcing poultry and pork farmers to test their grain, and giving headaches to grain growers already wrestling with massive supplies and low prices. A vessel carrying a shipment of corn from Paraguay is due next month at a North Carolina port used by Smithfield...

  • Costco is a worthy opponent of e-commerce competition

    Investors should have faith in Costco, according to Barclays.

  • Subway, owned by Doctor's Associates Inc, is the world's largest fast-food chain by number of restaurants. Subway said its U.S. sales fell 1.7 percent to $11.3 billion last year, while international sales climbed 3.7 percent to $5.8 billion, reflecting a focus on overseas growth. Subway on Wednesday named former McDonald's Corp executive Karlin Linhardt...

  • LONDON, April 20- Unilever reported a surprise pick up in quarterly sales growth on Thursday, boosting its argument that it can improve performance on its own after spurning a $143 billion takeover offer from Kraft Heinz in February. Chief Financial Officer Graeme Pitkethly said there was always a delay between economic improvements and a pick up in household...

  • ATLANTA— Officials say they have ended a restriction on poultry producers that was enacted after the first confirmation of avian influenza in commercial birds in Georgia. News outlets report state veterinarian Robert M. Cobb Jr. said in a news release that effective immediately, all poultry exhibitions, shows, sales, swap and meets in the State of Georgia are...

  • After two years of investigations within the 'weak flesh' operation, Brazilian Federal police in March 2017 dismantled a vast network of adulterated food in involving major meat producers that bribed health inspectors to certify tainted food as fit for consumption and exportation. Brazilian meat is exported to more than 150 countries.

    Brazil is attracting strong foreign direct investment after a scandal involving its meat industry, the country's finance minister said.

  • Henrique Meirelles, Finance Minister of Brazil, discusses the impact of a Trump presidency, a slowing China and his country's beef scandal.

  • LONDON/ SHANGHAI/ NEW YORK, April 18- Post Holdings is buying leading British breakfast cereal brand Weetabix from China's Bright Food Group Co Ltd for 1.4 billion pounds, giving the U.S.-focused company a European base on which to build. The acquisition of Weetabix's manufacturing and distribution assets in Europe should also allow Post to more easily digest...

  • LONDON/ SHANGHAI/ NEW YORK, April 18- U.S. company Post Holdings is buying Weetabix from China's Bright Food Group Co Ltd for 1.4 billion pounds, putting the British breakfast favourite back into the hands of a cereal company. The sale comes just five years after Chinese state-owned Bright Food took control of Weetabix in a deal that valued it at 1.2 billion pounds...

  • SHANGHAI/ NEW YORK, April 18- U.S. cereal company Post Holdings has agreed to buy British brand Weetabix from China's Bright Food Group Co Ltd in a 1.4 billion pound deal that will expand its international business, the companies said on Tuesday. The sale marks the end of Chinese ownership of Weetabix after state-owned Bright Food took control of the company from...

  • Arconic Inc., up 79 cents to $26.69. The CEO of the metal components maker resigned after he sent a letter to Arconic's biggest shareholder without informing the board. HCA Holdings Inc., down $2.07 to $85.65.

  • Prepare to pay more for your Chipotle burrito

    The company announced its first price hike in three years.

  • The Dow Jones industrial average rose 130 points, or 0.6 percent, to 20,583. The Nasdaq composite picked up 3 points, or 0.6 percent, to 5,837. The Russell 2000 index of smaller-company stocks edged up 6 points, or 0.4 percent, to 1,351.. Leaders included M&T Bank and Wells Fargo, chipmaker Nvidia, Google parent company Alphabet, online retail giant Amazon and...

  • *U.S. firms complain of "structural impediments" in China. Business executives are also worried that President Donald Trump's focus on curtailing North Korea's nuclear and missile programmes could undercut U.S. commercial interests in China. The U.S. business community should not be used as a "bargaining chip", said James Zimmerman, a Beijing- based lawyer and the...

  • *Bird flu in South Korea hurts Bunge, Cargill feed sales. *Iraq buys U.S. chicken as flu hits Europe- Sanderson Farms. Different strains of avian flu have been detected across Asia, Europe, Africa and in the United States in recent months, leading to the culling of millions of birds and a flurry of import restrictions on eggs and chicken meat.

  • Inflation, Brexit, pound biggest risks for chocolate: MD

    Faced with operating in a post-Brexit world, James Cronin, managing director at Paul A Young, discusses the impacts of Brexit that threaten the chocolate business.