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Food and Beverage Food Products

  • Jan 25- Heinz ketchup maker Kraft Heinz Co and media mogul Oprah Winfrey said on Wednesday they would form a joint venture to develop a new line of food products in the United States. The joint venture, Mealtime Stories LLC, will initially make ready-to-eat refrigerated products across multiple categories and 10 percent of its profits will be donated to...

  • BASEL, Switzerland, Jan 25- Swiss drugmaker Novartis said on Wednesday it will buy back up to $5 billion worth of shares over the next 12 months and may spin off the Alcon eye care business as it navigates a tough year before an expected return to growth in 2018.. "We've not ruled anything out, all options are on the table," Chief Executive Joe Jimenez said.

  • ZURICH, Jan 25- Swiss chocolate maker Barry Callebaut said it expected sales volume growth to accelerate in the second half of its fiscal year after the phasing-out of less profitable contracts in its cocoa business made volumes dip in the quarter to Nov. 30. We are on track to deliver improved profitability in our cocoa business, "the Zurich- based company said in a...

  • NEW YORK/ CHICAGO, Jan 24- U.S. regulators under the new presidential administration have instituted a freeze on rules key to the country's farm belt, agricultural groups said on Tuesday, heightening uncertainty for some of the regions that helped propel Donald Trump into office. The Environmental Protection Agency will delay implementation of this year's...

  • The move follows pressure from activist investor Sandell Asset Management Corp, which has been engaged in a proxy fight with Bob Evans since 2013 and has been asking the company to separate its food-products business, BEF Foods. The company also said BEF Foods business, which makes refrigerated dinner side dishes, will buy Pineland Farms Potato Co for $115...

  • Jan 24- Restaurants and packaged food company Bob Evans Farms Inc said it would sell its unit Bob Evans Restaurants to Golden Gate Capital for $565 million.

  • The move follows pressure from activist investor Sandell Asset Management Corp, which has been engaged in a proxy fight with Bob Evans since 2013 and has been asking the company to separate its food-products business, BEF Foods. The company also said BEF Foods business, which makes refrigerated dinner side dishes, will buy Pineland Farms Potato Co for $115...

  • Jan 24- Restaurants and packaged food company Bob Evans Farms Inc said it would sell its unit Bob Evans Restaurants to Golden Globe Capital for $565 million.

  • Big Mac special sauce

    McDonald's is marking the rollout of its revamped Big Mac sandwiches by giving away 10,000 bottles of Big Mac Special Sauce. USA Today reports.

  • NEW YORK/ CHICAGO, Jan 24- The Environmental Protection Agency will delay implementation of the Renewable Fuels Standard and the Agriculture Department will pause rules affecting livestock as part of a freeze on regulations imposed by President Donald Trump's administration, trade groups said on Tuesday. Representatives of the EPA and U.S. Department of...

  • President Donald Trump's decision to back out of the Trans-Pacific Partnership trade deal, a $62 billion market for U.S. farmers, provides a fresh threat to a slumping agricultural economy that has grown increasingly dependent on exports. Trump won nearly two-thirds of the rural vote in November, with big agricultural states including Iowa, Nebraska, Ohio and...

  • Still, the sales decline at established McDonald's restaurants in the United States was smaller than analysts had expected. Comparable international restaurant sales also beat analysts' expectations due to a strong performance in the UK, China, Japan and certain markets in Latin America. The all-day breakfast debuted in October 2015- selling McMuffin...

  • Jan 23- U.S. stocks were off their lows on Monday after President Donald Trump laid out some of his plans to spur economic growth in a meeting with top executives of U.S. companies. "From the standpoint of moving the market, Donald Trump is going to be a trader's dream because he will create market swings, choppy trading and erratic behavior," said Andre Bakhos, managing...

  • Sales at established McDonald's restaurants in the United States declined 1.3 percent in the three months ended Dec. 31, hurt in part by the high bar set by the debut of the all-day breakfast in October 2015. McDonald's comparable international restaurant sales beat expectations due to a strong performance in the UK, China, Japan and certain markets in Latin...

  • Jan 23- McDonald's Corp's U.S. comparable restaurant sales fell less than analysts had expected in the fourth quarter as strong demand for its all-day breakfast brought more people to its restaurants. Sales at established McDonald's restaurants in the United States declined 1.3 percent in the three months ended Dec. 31, hurt in part by the high bar set by the...

  • A scavenger at a vegetable wholesale market in India.

    A technique practiced by early Egyptians could help resolve the modern-day problem of food waste.

  • An employee serves a customer McFlurries in a McDonald's restaurant.

    Customers seeking McFlurries report that the machine is almost always down, The Wall Street Journal reports.

  • Vegemite is getting a new owner

    Barry Irvin, executive chairman of Bega Cheese, explains the company's acquisition the Australian and NZ grocery unit of Mondelez.

  • Chobani CEO: Closing the gap on income inequality

    Hamdi Ulukaya, Chobani founder & CEO, talks about his company's initiative to hire refugees and operate a socially responsible business.

  • ConAgra CEO: Name of the game is driving growth & innovation

    ConAgra Brands CEO Sean Connolly discusses what he is most optimistic about as Donald Trump prepares to take office, including policies that may foster his company's growth and innovation.