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Food and Beverage Food Products

  • Oct 7- Canada Goose Inc, a maker of luxury winter down jackets, is interviewing banks to help prepare for an initial public offering that could value the company at as much as $2 billion, sources familiar with the matter said on Friday. An IPO of Toronto- based Canada Goose would demonstrate the explosive growth the company has experienced, following its transition...

  • CHICAGO, Oct 7- Smithfield Foods Inc will shutter its hog processing facility, the world's largest, on Saturday to protect employees in North Carolina from Hurricane Matthew, industry sources said on Friday, as farmers braced for the storm's potential lashing. Matthew has fueled concerns about the safety of livestock and farm workers along the coast from...

  • The lawsuit filed last month alleged that Tyson colluded with Koch Foods and others in the broiler chicken business to reduce production since 2008.. Pivotal Research Group analyst Timothy Ramey said he was not alleging that Tyson colludes on chicken pricing or production. The company's annual profit has grown from $86 million in 2008 to $1.22 billion last...

  • CHICAGO, Oct 7- Smithfield Foods Inc will shutter the world's largest hog processing facility in Tar Heel, North Carolina, on Saturday, due to Hurricane Matthew, industry sources said. It is owned by China's WH Group Ltd.. The plant has a daily slaughter capacity of 32,500 hogs, according to National Hog Farmer magazine.

  • Oct 7- Shares of Tyson Foods Inc, the largest U.S. meat processor, fell as much as 11.5 percent to $65.85 on Friday after a brokerage report said a class action lawsuit against the company alleging collusion might have merit. The lawsuit filed last month alleged that Tyson colluded with Koch Foods and others in the broiler chicken business to reduce production...

  • Officials issued a state of emergency for parts of Florida, Georgia and the Carolinas for the Category 4 hurricane that by Thursday afternoon had already taken the lives of 140 people, mostly in Haiti. Though forecasters like senior meteorologist Drew Lerner of World Weather Inc said damage to Florida's sugar and citrus crops would likely be limited,...

  • Officials issued a state of emergency for parts of Florida, Georgia and the Carolinas for the Category 4 hurricane that by Thursday afternoon had already taken the lives of 140 people, mostly in Haiti. Though forecasters like senior meteorologist Drew Lerner of World Weather Inc said damage to Florida's sugar and citrus crops would likely be limited,...

  • Whole Foods takeout coming?

    "Fast Money" trader Dan Nathan breaks down a bullish options trade in Whole Foods amid rumors of a Kroger acquisition.

  • SAO PAULO, Oct 6- Latin American currencies mostly weakened in early trading on Thursday as traders awaited a widely watched U.S. employment report due on Friday for clues over when interest rates will rise. MSCI's emerging benchmark hit a one-week high, following developed bourses higher and lifted by gains across Asia, Turkey and parts of central and eastern...

  • Yum falls on earnings

    Earnings and revenue miss for Yum Brands. CNBC's Susan Li reports the details. The "Fast Money" traders weigh in.

  • Fight for $15, which has organized strikes and protests calling for employers to raise wages, said on Wednesday that it filed the administrative complaints with the U.S. Equal Employment Opportunity Commission against McDonald's USA LLC and individual franchisees in eight states over the last month. Cycei Monae, a McDonald's worker in Flint, Michigan, said a...

  • Fight for $15, which has organized strikes and protests calling for employers to raise wages, said on Wednesday that it filed the administrative complaints with the U.S. Equal Employment Opportunity Commission against McDonald's USA LLC and individual franchisees in eight states over the last month. Cycei Monae, a McDonald's worker in Flint, Michigan, said a...

  • Venezuela crisis hitting oil workers

    Employees of state-run oil company PDVSA are selling their uniforms to buy food amid the country's deep economic recession.

  • *Investors wary of regulatory uncertainty in Israel. TEL AVIV, Oct 5- They once pulled the strings of Israel's economy, but now the country's most influential tycoons are reeling under a popular backlash against corporate power and selling assets in a regulatory squeeze. About a decade ago, as Israel's corporate debt market was just getting started, there was...

  • *Investors wary of regulatory uncertainty in Israel. TEL AVIV, Oct 5- They once pulled the strings of Israel's economy, but now the country's most influential tycoons are reeling under a popular backlash against corporate power and selling assets in a regulatory squeeze. About a decade ago, as Israel's corporate debt market was just getting started, there was...

  • Philip Benton, senior research analyst at Euromonitor International, discusses Tesco's positive first-quarter data, saying that the supermarket price war continues.

  • LOS ANGELES/ SAN FRANCISCO, Oct 5- Clamshell grills are making burger flipping obsolete at McDonald's, Johnny Rockets and other burger chains. And at Silicon Valley start-up Zume, robots are being programmed to take over pizza assembly. In spite of improvements in technology, minimum wage hikes between 2000 and 2008 caused little immediate displacement of...

  • Cheesy Pizza

    Americans are drinking less milk. They're also eating more cheese. A lot more cheese.

  • Chipotle adding chorizo to menu boards nationwide

    The burrito chain will roll out the spicy chicken and pork sausage in restaurant locations throughout the US.

  • Link's best restaurant bet: YUM

    Stephanie Link, TIAA Global Asset Management, explains why she is watching Yum Brands.