On Thursday the National Labor Relations Board ruled the owner of a California recycling plant was a "joint employer" with the contractor that hired workers at the plant, essentially forcing both to bargain with the union together or risk violating U.S. labor law. Unions see the decision as a breakthrough not just in efforts to help employees organizes at...» Read More
SAO PAULO, Aug 14- Brazilian meatpacker JBS SA expects fresh beef exports to the United States to begin no earlier than 2016, later than the Brazilian government predicted, Chief Executive Officer Wesley Batista said on Friday. A green light for fresh beef shipments to the United States could help Brazil gain access to other key markets, such as Japan and South...
Aug 13- Restaurant chain operator El Pollo Loco Holdings Inc's quarterly comparable sales fell short of analysts' estimates as the number of diners visiting its outlets fell for the first time since the company went public last year. The company's shares slumped 14 percent to $15.71 in extended trading on Thursday, just shy of the IPO price of $15.
Aug 13- Restaurant chain operator El Pollo Loco Holdings Inc reported weaker-than-expected quarterly comparable sales as the number of diners visiting its outlets fell for the first time since its debut. El Pollo Loco, known for its specialty fire-grilled chicken, reported a 3.9 percent fall in customer traffic to company-owned restaurants in the second...
Aug 13- Restaurant chain operator El Pollo Loco Holdings Inc reported weaker-than-expected quarterly comparable sales as the number of diners visiting its outlets fell for the first time since its debut. Net income rose to $7.2 million from $6.6 million a year earlier. Total revenue rose 3 percent to $89.5 million in the quarter.
CNBC's Morgan Brennan reports egg prices are 142 percent higher than they were in April. Bird flu is the reason, she says, and the hikes are far from over.
CNBC's Morgan Brennan looks at the rising cost of eggs.
Taco Bell's incoming CEO Brian Niccol, says Taco Bell is on a great streak in hiring and food products. Also, Niccol comments on high unemployment rates in teens.
Egg prices fly to record heights.
CNBC's Morgan Brennan reports on the pain from bird flu for consumers and farmers.
*Net profit 4.52 bln Sfr vs poll avg 4.74 bln. ZURICH/ LONDON, Aug 13- Nestle, the world's biggest packaged food company, posted better than expected first-half sales growth and stuck to its 2015 forecast, despite a recall of Maggi noodles in India, helped by higher prices in some key product areas. The result put the Swiss company second only to Reckitt Benckiser for...
Aug 12- Kraft Heinz Co said it will eliminate 2,500 jobs in the United States and Canada, including about 700 at its headquarters in Northfield, Illinois. Kraft Heinz currently has about 46,000 employees, including about 1,900 at the company's headquarters, spokesman Michael Mullen in an emailed statement to Reuters on Wednesday. The combined Kraft Heinz has...
Aug 12- Kraft Heinz Co said it will cut 2,500 jobs in the United States and Canada as part of its cost cutting initiatives following the creation of the company through the $46- billion merger of ketchup maker H.J. Heinz with Kraft Foods. Of the total job cuts, 700 will be in Kraft Heinz's Northfield, Illnois headquarters, spokesman Michael Mullen in an emailed...
McDonald's quietly makes quarter pounder a tad heavier.
India will seek $99M in damages from Nestle after reports of excess lead in the firm's Maggi noodles forced a nationwide recall.
After Shake Shack's remarkable quarter, can the company keep the momentum? Sam Oches, QSR Magazine editor, expects quality for the food to remain high as it expands, commenting on competition in the burger space.
Shake Shack reported better-than-expected quarterly earnings, and raised its full-year guidance. Jack Mohr, TheStreet.com, has the trade.
The great Chinese stock slump that first whacked luxury car sales is spreading to mass-market brands.
BEIJING, Aug 11- The great Chinese stock slump that first whacked luxury car sales is spreading to mass-market brands as wannabe customers like Zhang Jiabin count the cost of soured investments. Auto sales in China fell 7.1 percent in July from a year earlier as many more who lost out in a trillion-dollar share slump joined Zhang in delaying purchases.
Aug 10- Hamburger chain Shake Shack Inc, known for its indulgent hormone- and antibiotic-free burgers and sides, on Monday reported better-than-expected quarterly profit and sales, sending its shares up 8.3 percent in after-hours trading. For the second quarter, Shake Shack's same restaurant sales included 16 domestic company-operated units- six of which...