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Food and Beverage Food Products

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  • App indigestion Friday, 7 Aug 2015 | 11:19 AM ET
    App indigestion

    Overcrowding in the food delivery space has some VC's seeing signs for froth. CNBC's Josh Lipton reports.

  • Aug 7- Chocolate maker Hershey Co reported flat quarterly sales for the first time in over five years as volumes fell in North America due to price hikes and demand was weak in China. Slowing economic growth in China has weakened spending on non-essential consumer items, including Hershey's Kisses chocolates, which are popular gift items.

  • Aug 7- Chocolate maker Hershey Co reported flat quarterly sales for the first time in more than five years as volumes fell in North America due to price hikes and demand was weak in China. Slowing economic growth in China has weakened spending on non-essential consumer items, including Hershey's Kisses chocolates, which are popular gift items.

  • Blue Bell begins churning out ice cream again Friday, 7 Aug 2015 | 7:00 AM ET
    Blue Bell begins churning out ice cream again

    Blue Bell still faces possible fines or criminal charges, but its been given a clean bill of health to start making ice cream again in Alabama.

  • Russia 'food crematoria' cause outrage amid crisis Thursday, 6 Aug 2015 | 9:00 PM ET
    Homeless people wait for a food distribution in Rostov-on-Don, Russia.

    Russia's plan for mass destruction of banned Western food imports have provoked outrage amid soaring poverty rates and memories of famine.

  • Bearish case on Mondelez Thursday, 6 Aug 2015 | 2:13 PM ET
    Bearish case on Mondelez

    Why you shouldn't own Mondelez, with Charles Trafton, Flowpoint Capital Partners.

  • Aug 6- Activist investor William Ackman has built a stake worth about $5.5 billion in Mondelez International Inc, the maker of Cadbury chocolate and Oreo cookies, in what is seen as an attempt to push the company to boost earnings or sell itself. Mondelez has already taken steps to boost its operational performance, including shutting factories and shedding...

  • Mondelez gains 5% after Ackman announces stake Thursday, 6 Aug 2015 | 8:43 AM ET
    Nelson Peltz and Bill Ackman at Delivering Alpha 2015 in New York.

    Mondelez stock gains after news that Bill Ackman has taken a $5.5 billion stake in snack maker and is considering pushing for a takeover.

  • Aug 6- Billionaire activist investor William Ackman's hedge fund has built a $5.5 billion stake in Cadbury chocolate and Oreo cookies maker Mondelez International Inc, which could become a potential target in a consolidating food industry. Pershing Square Holdings Ltd said late on Wednesday that it intends to notify the Securities and Exchange Commission...

  • *China consumes more than half of the world's pork. *Germany's pork exports to China double in first half. SINGAPORE/ BEIJING, Aug 6- People in China eat more than half the pork consumed in the world but domestic supplies come mainly from small farms that cut their herds whenever costs rise, causing boom-and-bust cycles that have led to record-high hog prices this...

  • UPDATE 1-Ackman discloses 7.5 percent stake in Mondelez Wednesday, 5 Aug 2015 | 11:59 PM ET

    Aug 5- Activist investor Bill Ackman's Pershing Square Holdings Ltd disclosed a 7.5 percent stake in Cadbury chocolate and Oreo cookies maker Mondelez International Inc.. Ackman's stake is valued at about $5.5 billion based on Mondelez's closing price on the Nasdaq on Wednesday. "We welcome Pershing Square as investors in our company," a Mondelez spokeswoman...

  • *Wendy's adj profit $0.08/ shr vs est. Aug 5- U.S. burger chain Wendy's Co reported quarterly same-restaurant sales above analysts' estimates as a move to revamp restaurants and add new menu items helped attract customers. The rise in Wendy's same-restaurant sales was in sharp contrast to a 0.7 percent drop at McDonald's Corp, the world's biggest fast-food chain.

  • Aug 5- U.S. burger chain Wendy's Co reported a lower-than-expected quarterly profit as the company franchised more of its outlets and faced fierce competition from fast-casual dining chains such as Chipotle Mexican Grill Inc. Net income rose to $40.2 million, or 11 cents per share, from $29 million, or 8 cents per share, a year earlier. Excluding items, it earned 8...

  • Aug 5- U.S. burger chain Wendy's Co reported a fall in sales for the seventh straight quarter, hurt by store closures and fierce competition from fast-casual dining chains such as Chipotle Mexican Grill Inc.. Wendy's revenue fell 3.3 percent to $489.5 million in the second quarter ended June 28. Net income increased to $40.2 million, or 11 cents per share, from $29...

  • MUMBAI, Aug 5- Nestle SA's Maggi noodles comply with food safety standards, authorities in India's Goa state said, in the first such ruling since the popular instant snack was pulled from stores after another state lab reported high lead content. Nestle was drawn into its worst crisis in India when food safety inspectors in Uttar Pradesh found high lead content...

  • Aug 4- Kellogg Co's Corn Flakes and Rice Krispies are set to turn all-natural soon. The company said 75 percent of its cereals in North America were being made without artificial colors and more than half without artificial flavors. General Mills Inc, the maker of Cheerios cereals, said in June it plans to have 90 percent of its cereals free of artificial flavors...

  • Aug 4- Kellogg Co's Corn Flakes and Rice Krispies are set to turn all-natural soon. The company said 75 percent of its cereals in North America were being made without artificial colors and more than half without artificial flavors. General Mills Inc, the maker of Cheerios cereals, said in June it plans to have 90 percent of its cereals free of artificial flavors...

  • Aug 4- Corn Flakes and Rice Krispies maker Kellogg Co reported better-than-expected quarterly net revenue as higher sales in Latin America made up for lower demand for its cereals and snacks in the United States and the impact of a strong dollar. Latin America net sales rose 2.5 percent to $328 million. Net income attributable to Kellogg fell to $223 million, or...

  • *Tyson Foods falls after profit forecast cut. Aug 3- Wall Street ended lower on Monday as tumbling oil prices dragged energy shares to a three-year low and factory data from China raised concerns about the world's second-biggest economy. Oil prices fell on fresh evidence of growing oversupply and data highlighting slowing demand in China.

  • *Tyson Foods falls after profit forecast cut. Aug 3- U.S. stocks fell on Monday as oil prices touched a six-month low and factory data from China raised concerns about the world's second-biggest economy. Oil prices fell on fresh evidence of growing oversupply and data highlighting slowing demand in China.