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Food and Beverage Food Products

  • Feb 27- Gregory Abel, chief executive of the energy unit of Warren Buffett's Berkshire Hathaway Inc, was awarded $17.52 million in compensation last year, mainly in the form of a bonus, a regulatory filing shows. He also got a $1 million salary plus $1.52 million of other awards. The total amount was down from $40.77 million in 2015, which included $39.5 million of...

  • LONDON, Feb 27- U.S. food company Kraft Heinz is not targeting any other large deals for now after being snubbed by Unilever because valuations in the sector are too high, major shareholder Warren Buffett told CNBC news on Monday. My guess is yes, but who knows when... it would have to be friendly and frankly, the prices in that field make it very, very, very tough to make an...

  • BUDAPEST, Feb 27- Hungary and Slovakia will ask the European Commission in a joint motion to consider legal means to eliminate "double standards in quality" of food products sold by companies in Eastern Europe and in the west, Hungary's agriculture ministry said on Monday. Hungary also welcomed a Slovak proposal that the Visegrad Four countries- the Czech...

  • Wal-Mart is looking to regain market share in grocery store sector

    The retail giant is running a price comparison test in at least 1,200 U.S. stores to bring its prices closer to rivals such as Aldi and Kroger, sources told Reuters.

  • *China in throes of worst-ever bird flu outbreak. BEIJING, Feb 24- With many poultry markets closed in the wake of China's worst-ever bird flu outbreak, local egg producers are being forced to shell out to feed and water chickens long after they would normally have been killed and sold for meat. That is piling pressure on producers already grappling with tanking...

  • *China in throes of worst-ever bird flu outbreak. BEIJING, Feb 24- With many poultry markets closed in the wake of China's worst-ever bird flu outbreak, local egg producers are being forced to shell out to feed and water chickens long after they would normally have been killed and sold for meat. That is piling pressure on producers already grappling with tanking...

  • *Follows rejection of $143 bln Kraft takeover bid. LONDON, Feb 22- Unilever sought to show shareholders it can go it alone on Wednesday after rejecting Kraft Heinz's $143 billion bid, with the promise of a swift, far-reaching review. Kraft, backed by Warren Buffett and private equity firm 3 G, had wanted to buy Unilever, which is being advised by Centerview following...

  • Feb 22- CVS Health Corp said its pharmacy chain had removed artificial trans fats, which have been linked to rising rates of heart diseases, from its store-branded food products well ahead of a June 2018 federal deadline. The U.S. Food and Drug Administration said in June 2015 that PHOs were not "generally recognized as safe" for use in human food and gave food...

  • Finding the truth behind US food system: Kind Snacks CEO

    Daniel Lubetzky, Kind Snacks founder and CEO, talks about a new organization called "Feed the Truth" which aims to bring more transparency to the U.S. food industry.

  • Singapore, China, Japan and Thailand each boasted nine restaurants on the annual list.

  • Feb 21- Canadian meat packaging goods company Maple Leaf Foods Inc said on Tuesday it would buy U.S.-based Lightlife Foods Inc, a manufacturer of plant-based protein foods, for $140 million and related costs. Lightlife Foods reported 2016 sales of about $40 million and has a 38 percent market share in the U.S. refrigerated plant proteins market, Maple Leaf said...

  • Tyson Foods signage is displayed on the floor of the New York Stock Exchange on Monday, Nov. 21, 2016.

    In his first televised interview as CEO of Tyson Foods, Tom Hayes told "Squawk on the Street" that the price-fixing lawsuits were unfounded.

  • Feb 21- Canadian meat processor Maple Leaf Foods Inc said on Tuesday it would buy U.S.-based Lightlife Foods Inc for $140 million and related costs. Lightlife Foods, a manufacturer of plant-based protein foods, reported 2016 sales of about $40 million and has a 38 percent market share in the U.S. refrigerated plant proteins market, the company said.

  • LOS ANGELES, Feb 21- A third of U.S. adults are eating out less frequently than three months ago, mostly because of cost, according to a new Reuters/Ipsos survey that illustrates the challenge for U.S. restaurants seeking to revive traffic after zero growth in 2016.. Annual traffic to U.S. restaurants has been flat or up just 1 percent since 2009, when there was a 2...

  • ConAgra CEO: When you restart a company, you've got to rebuild the innovation pipeline from scratch

    ConAgra CEO Sean Connolly weighs in on growth, innovation, tax reform and food deregulation.

  • Tyson CEO: People want protein all day

    Tyson Foods CEO, Tom Hayes, weighs in on company changes, growth strategies, food trends and prices.

  • Mondelez CEO: There is no question this is a challenging time in the emerging markets

    Irene Rosenfeld, Mondelez Chairman & CEO, weighs in on activist pressure, growth strategy and emerging markets.

  • Consumers around the world are interested in healthier products that contribute to a well being lifestyle: Mondelez CEO

    Irene Rosenfeld, Mondelez Chairman & CEO, weighs in on food innovation and the launch of their new cracker brand called "Vea."

  • Ivanka Trump Brand booming in China

    Businesses and individuals are flooding China's national trademark office with applications to use Ivanka Trump's name for their products.

  • LONDON, Feb 20- Kraft Heinz's dropped bid to buy Unilever is the third-largest M&A deal to collapse, according to Thomson Reuters data, adding to a recent run of failures that highlights the appetite for the pursuit of audacious mega-mergers. The abrupt U-turn by U.S. foods giant Kraft at the weekend pushed the value of deals withdrawn this year to $205.2 billion,...