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Food Products


  • May 22- Packaged foods maker Campbell Soup Co reported lower-than-expected quarterly sales and profit, hurt by a strong dollar and "movements in retailer inventory levels" in its U.S. soups business. Retailer Target Corp informed packaged food makers, including Campbell, that it would spend less on promoting some of their products and instead promote fresher...

  • NEW YORK— Wal-Mart, the nation's largest food retailer, is urging its thousands of U.S. suppliers to curb the use of antibiotics in farm animals and improve treatment of them. Experts say Wal-Mart is the first major retailer to take a stance to limit the use of the antibiotics. It comes after activists have reported animal abuse at farms supplying Wal-Mart and...

  • Campbell Soup's quarterly sales fall 3.6 pct Friday, 22 May 2015 | 7:26 AM ET

    May 22- Campbell Soup Co, the maker of Pepperidge Farm cookies and Goldfish crackers, reported a 3.6 percent fall in quarterly sales, hurt by a strong dollar and "retailer inventory movements" in its U.S. soup business. The net income attributable to the company fell slightly to $182 million in the third quarter ended May 3 from $184 million, a year earlier.

  • TREA: Thai rice subsidy scheme was 'nonsense'   Thursday, 21 May 2015 | 11:24 PM ET
    TREA: Thai rice subsidy scheme was 'nonsense'

    Vichai Sriprasert, honorary president of Thai Rice Exporters Association (TREA), says prices of grains now adhere to market mechanisms after the military ended the controversial price-support scheme.

  • CHICAGO, May 21- Rembrandt Enterprises, one of the top U.S. egg producers, said on Thursday it would temporarily cut 39 full-time employees, after the company's poultry facilities in Renville, Minnesota, tested positive for the fast-spreading avian influenza virus. Rembrandt's Renville plant has been quarantined by the Minnesota Board of Animal Health, the...

  • NEW YORK, May 21- Small U.S. food manufacturers once toiled for decades to develop a critical mass of fans for their products. More mass-market retailers want niche brands that shoppers view as healthier to drive traffic in stores, particularly as they face rising competition from natural food and specialty chains like Whole Foods Market Inc..

  • NEW YORK, May 20- Sanderson Farms Inc, the third largest U.S. poultry producer, plans to continue using antibiotics on its birds partly because there are no alternatives on the horizon for treating a deadly but common gut disease, Chief Executive Officer Joe Sanderson said on Wednesday. Two of the biggest makers of animal drugs have told Sanderson Farms that...

  • ConAgra to pay $11.2M to settle salmonella criminal case Wednesday, 20 May 2015 | 12:09 PM ET

    SAVANNAH, Ga.— ConAgra Foods agreed Wednesday to pay $11.2 million, a sum that includes the highest criminal fine ever in a U.S. food safety case, to settle a federal charge that the company shipped Peter Pan peanut butter tainted with salmonella from a plant in Georgia, sickening more than 600 people and triggering a massive recall eight years ago.

  • May 20- Hormel Foods Corp, the maker of Spam lunch meat, said it expected sales at its Jennie-O Turkey Store business to fall about 15 percent in the second half of the year, due to a supply shortfall caused by an avian flu outbreak in the United States. However, shares of the company, which reported a better-than-expected second-quarter profit and reaffirmed its...

  • Kroger CEO: Simple Truth brand home run for us   Wednesday, 20 May 2015 | 10:37 AM ET
    Kroger CEO: Simple Truth brand home run for us

    Kroger CEO Rodney McMullen, discusses what's driving strength for its stores, and why it's sustainable.

  • A startup scrambling the egg game   Wednesday, 20 May 2015 | 9:30 AM ET
    A start-up scrambling the egg game

    CleverFoodies cofounder Paolo Volpati-Kedra pitches his startup to a panel of experts on CNBC.

  • May 20- Hormel Foods Corp, the maker of Spam lunch meat, reported lower-than-expected quarterly sales and said its Jennie-O Turkey Store business would be "significantly challenged" due to an outbreak of avian flu in the United States. The Jennie-O business, which accounts for about 18 percent of Hormel's revenue, got about 78 percent of its turkeys from its farms...

  • Hormel Foods 2nd-qtr profit rises 28 pct Wednesday, 20 May 2015 | 6:44 AM ET

    May 20- Hormel Foods Corp, the maker of Spam lunch meat, reported a 28.2 percent rise in quarterly profit, helped by lower costs in its refrigerated foods business. The company's net income rose to $180.4 million, or 67 cents per share, in the second quarter ended April 26, from $140.7 million, or 52 cents per share, a year earlier. However, Hormel said it expected its...

  • House votes to repeal country-of-origin meat labeling law Wednesday, 20 May 2015 | 2:56 AM ET

    The House Agriculture Committee voted 38-6 to repeal a "country-of-origin" labeling law for beef, pork and poultry Wednesday— just two days after the World Trade Organization ruled against parts of the law. The labels tell consumers what countries the meat is from: for example, "born in Canada, raised and slaughtered in the United States" or "born, raised and...

  • ALBANY, N.Y.— Fast-food workers raised their voices across New York on Wednesday to demand a $15- an-hour minimum wage, calling on Gov. On Tuesday the Los Angeles City Council endorsed a plan to raise the city's minimum wage to $15 an hour. Seattle and San Francisco have approved a series of increases to take their minimum wages to $15 within a few years.

  • US investigation of 2007 peanut butter recall wraps up Tuesday, 19 May 2015 | 3:30 PM ET

    OMAHA, Neb.— ConAgra Foods is likely to face a criminal charge now that the U.S. government has completed its investigation of the company's 2007 peanut butter recall. A spokeswoman for the U.S. attorney's office in Georgia, Pam Lightsey, said Tuesday that prosecutors plan to reveal details of the investigation Wednesday. Last year, two Colorado cantaloupe...

  • Millennial menu changes at Carl's Jr.: CKE CEO   Tuesday, 19 May 2015 | 8:42 AM ET
    Millennial menu changes at Carl's Jr.: CKE CEO

    CKE Restaurants CEO Andy Puzder is bucking the health food trend by offering up what's called the "Most American Thickburger." And Puzder explains why he thinks McDonald's needs to "get an identity."

  • Great news about cereal: Kellogg CEO   Tuesday, 19 May 2015 | 8:11 AM ET
    Great news about cereal: Kellogg CEO

    John Bryant, Kellogg CEO, talks about Kellogg's efforts to nab the top spot at the breakfast table, despite headwinds for cereal products.

  • Satisfying consumers' changing tastes: Kellogg CEO   Tuesday, 19 May 2015 | 8:07 AM ET
    Satisfying consumers' changing tastes: Kellogg CEO

    John Bryant, Kellogg CEO, discusses Kellogg's huge restructuring plans as the company pushes to provide consumer with healthier products.

  • DES MOINES, Iowa— Bird flu could cost nearly $1 billion in the economies of the two states hardest hit, Minnesota and Iowa, agricultural economists said Monday, and the virus is still spreading. Iowa, the nation's leading egg producer, has lost about 20 million chickens that lay eggs for food use, more than a third of the total. So far the U. S. Department of Agriculture has...