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  • Jan 26- Cereal maker Post Holdings Inc said it would acquire privately held rival MOM Brands Co for about $1.15 billion to expand in the growing bagged and hot cereal categories, sending its shares up as much as 9 percent. U.S. sales of bagged cereals grew 5.6 percent annually in the past four years, even though overall sales of cereals fell, Post said, quoting data...

  • Jan 26- Cereal maker Post Holdings Inc said it would acquire privately held rival MOM Brands Co for about $1.15 billion in cash and stock to expand in the bagged and hot cereal categories. Post has been aggressively pursuing deals since it was spun off from Ralcorp Holdings in 2012. The cereal maker said in April that it would buy egg and dairy producer and...

  • Jan 26- Ready-to-eat cereal maker Post Holdings Inc said it would acquire privately held rival MOM Brands Co for $1.15 billion in cash and stock.

  • The world's biggest restaurant chain set a capital spending target of about $2 billion for this year as it looks to recover from a food scandal in China and fend off intense competition in the United States. In the United States, the company has been losing customers to fast-casual chains such as Chipotle Mexican Grill and Shake Shack Inc..

  • Jan 21- The chief executive of Tootsie Roll Industries Inc has died after more than half a century at the helm of the U.S. candy maker, sparking speculation that the company could soon be ripe for acquisition. Melvin Gordon died, aged 95, after a brief illness, according to a statement from the company he had headed since 1962. His wife, Ellen Gordon, takes over as chief...

  • Jan 21- Tootsie Roll Industries Inc Chief Executive Melvin Gordon died at the age of 95 after a brief illness, the company said, sparking speculation that the candy maker could be acquired. Tootsie Roll, founded in 1896, has a market capitalization of $1.94 billion as of its Tuesday closing price, according to Thomson Reuters data. Gordon, who was CEO since 1962, was...

  • Tootsie Roll says 95-year-old CEO Melvin Gordon dies Wednesday, 21 Jan 2015 | 1:15 PM ET

    Jan 21- Candy maker Tootsie Roll Industries Inc said Chief Executive Melvin Gordon died at the age of 95 after brief illness, sparking speculation the company could be acquired. Tootsie Roll's shares rose as much as 8 percent to $33.28. The board named Gordon's wife Ellen Gordon, who is the company's chief operating officer, as CEO.

  • New govt standards target pathogens in poultry products Wednesday, 21 Jan 2015 | 1:01 PM ET

    The proposed standards announced Wednesday by the Agriculture Department apply to the most popular poultry products— chicken breasts, legs and wings, and ground chicken and turkey. The Agriculture Department says the standards could eventually reduce salmonella and campylobacter illnesses linked to raw poultry by about a quarter, or 50,000 illnesses a...

  • ZURICH, Jan 21- Swiss chocolate maker Barry Callebaut warned on Wednesday the strong Swiss franc could hit its results, after sales revenue rose 15.1 percent in the quarter to November helped by higher cocoa bean prices. Barry Callebaut said it conducted 99 percent of its business outside of Switzerland so had limited operational exposure to the surging franc,...

  • CHICAGO— Melvin Gordon, who helped turn the enduring popularity of the humble Tootsie Roll into a candy empire, has died. The longtime Tootsie Roll Industries Inc. chairman and CEO died Tuesday in Boston after a brief illness, said Brooke Vane, a spokeswoman for the company's public relations firm. Gordon ran the Chicago- based confectioner for 53 years,...

  • FDA banned BPA from babies' bottles. LONDON, Jan 21- The chemical bisphenol A, used to stiffen some plastic food containers, poses no health risk to consumers of any age, including unborn children, at current levels of exposure, Europe's food safety watchdog said on Wednesday. Some studies have suggested possible links to everything from cancer to heart disease to...

  • New Red Velvet Oreos: A taste test Tuesday, 20 Jan 2015 | 11:25 AM ET
    Red Velvet Oreo cookies

    Its here! Red Velvet: a red-tinged cookie with a cream cheese spin on the "creme" filling, TODAY.com reports.

  • A solution to food waste, on your phone or tablet Monday, 19 Jan 2015 | 9:00 AM ET
    A bulldozer pushes trash into piles at the Miramar Landfill in San Diego, California.

    Food waste costs cities and businesses billions in waste management fees. Now, however, there's an app for that.

  • BRUSSELS— The European Union's foreign ministers on Monday ruled out any easing of sanctions against Russia as long as fighting rages in eastern Ukraine, despite concerns about the economic consequences. The ministers stressed that the flare-up in fighting in and around Donetsk had further dampened any hope for a breakthrough in the diplomatic standoff in...

  • MANAMA, Bahrain— The U.S. food company behind Oreo cookies and Ritz crackers says it has begun construction of a $90 million biscuit plant in Bahrain to keep up with growing demand in the Middle East and Africa for Mondelez International's products. The multinational conglomerate behind some of the world's most popular food snacks inaugurated the beginning...

  • SAO PAULO, Jan 15- Banco Santander Brasil SA plans to name veteran dealmaker Sérgio Rial as chairman as early as Thursday, two sources with direct knowledge of the situation said, as Brazil's largest foreign lender struggles to catch up with bigger state-owned and private-sector rivals. Rial, who worked for a combined 20 years at Bear Stearns Cos and ABN Amro NV,...

  • Jan 14- Chipotle Mexican Grill Inc's decision to suspend purchases from a pork producer that ran afoul of its animal welfare rules could bolster its reputation with diners but threatens sales and profits this quarter. Chipotle shares fell 0.6 percent to $709.74 on the New York Stock Exchange on Wednesday. Citing the risk of lost sales, Anderson cut his first...

  • CHICAGO, Jan 14- A Massachusetts meat company is recalling 33,948 pounds of ground beef products that may be contaminated with plastic materials, the U.S. Department of Agriculture's Food Safety and Inspection Service said on Wednesday. The agency said J&G Foods, Inc, in Sutton, Massachusetts recalled the product that consists of one-pound vacuum sealed...

  • UPDATE 1-Chipotle's pork plight could hurt Q1 results Wednesday, 14 Jan 2015 | 2:50 PM ET

    Jan 14- Chipotle Mexican Grill Inc's decision to suspend purchases from a pork producer that ran afoul of its animal welfare requirements could bolster its reputation with diners but threatens sales and profits this quarter, an analyst said on Wednesday. Chipotle shares were down 1.1 percent to $706.54 in midday trading on the New York Stock Exchange.

  • Jan 14- Chipotle Mexican Grill Inc's decision to suspend pork sales at about a third of its U.S. restaurants could hurt the chain's first-quarter results, Miller Tabak+ Co said. However, the potential for short-term impact on 1 Q15 sales and earnings cannot be denied, "analyst Stephen Anderson wrote in a note. He cut his earnings forecast for the quarter ending March...