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Food Products


  • Happiness or heartburn for Nathan's Thursday, 2 Jul 2015 | 9:00 AM ET
    Happieness or heartburn for Nathan's

    Weigh-in takes place today at NYC's City Hall for the annual July 4th Nathan's Famous Hot Dog Eating Contest in Coney Island, Brooklyn.

  • JBS of Brazil buying Cargill pork unit for $1.45B Wednesday, 1 Jul 2015 | 6:22 PM ET

    Brazilian meat producer JBS will buy the U.S. pork division of agribusiness giant Cargill for $1.45 billion.

  • JBS of Brazil buying Cargill US pork unit for $1.45B Wednesday, 1 Jul 2015 | 5:51 PM ET

    NEW YORK— Brazilian meat producer JBS will buy the U.S. pork division of agribusiness giant Cargill for $1.45 billion, the companies said Wednesday. JBS SA reported about $21.65 billion in revenue in 2014. JBS USA Holdings owns Pilgrim's Pride, among other brands, and it entered the U.S. pork market when it bought Swift Co. in 2007.. A year ago JBS agreed to buy the...

  • JBS USA to buy Cargill pork business for $1.45 billion Wednesday, 1 Jul 2015 | 5:38 PM ET

    JBS USA, a division of Sao Paulo, Brazil- based JBS, and Cargill said Wednesday they have signed an agreement for the $1.45 billion transaction. JBS USA Pork Chief Operating Officer Martin Dooley says it's a strategic investment in the long-term growth of the company's U.S. pork business. Feed mills in Arkansas, Iowa, Missouri, and Texas are included, along with hog...

  • SAO PAULO, July 1- JBS SA, the world's largest meatpacker, said on Wednesday its U.S. division would purchase pork assets from Cargill meat solutions for $1.45 billion, free of debt. The announcement follows a deal announced by Brazil- based JBS on June 21 to purchase Moy Park Ltd, the British unit of rival Marfrig Global Foods SA. The Cargill pork purchase includes two...

  • JBS USA Pork to buy Cargill pork business for $1.45 bln Wednesday, 1 Jul 2015 | 4:48 PM ET

    July 1- Cargill Inc said JBS USA Pork would buy its U.S.-based pork business for $1.45 billion. The acquisition includes two meat processing plants in Iowa and Illnois. JBS USA is a unit of Brazil- based meat processing company JBS S.A..

  • BOSTON— One of the most remarkable work stoppages in U.S. labor history will soon be the subject of a documentary film. "Food Fight: Inside the Battle for Market Basket" is being edited and is scheduled to be released in the fall, said director Jay Childs, a New Hampshire- based film maker who's been working on the project for two years. The documentary is about the...

  • Kraft shareholders approve sale of company to Heinz Wednesday, 1 Jul 2015 | 9:49 AM ET

    NORTHFIELD, Ill.— Kraft shareholders have approved the sale of the company to ketchup maker H.J. Heinz, creating one of the world's largest food companies with annual revenue of about $28 billion. Heinz' owners, Warren Buffett's Berkshire Hathaway and the Brazilian investment firm 3 G Capital engineered the deal, first announced in March, and will control 51...

  • Smucker cuts price of Folgers, other coffee products Wednesday, 1 Jul 2015 | 8:33 AM ET

    NEW YORK— The J. M. Smucker Co. is cutting prices for the majority of its coffee products sold in the U.S., including Folgers and Dunkin Donuts brand coffee sold in stores. Dunkin Donuts coffee is licensed to Smucker for sale in stores. Smucker's shares rose 59 cents to $109 in premarket trading.

  • Fast casual, fast money Tuesday, 30 Jun 2015 | 5:46 PM ET
    Fast casual, fast money

    CNBC's Jane Wells reports on food trends to keep an eye on in the second half of the year.

  • June 30- Wall Street was set to open higher on Tuesday, a day after the Dow and the S&P 500 registered their worst session since October, as investors hoped Greece would strike a last-minute deal to avoid an exit from the euro zone. Greece is hours away from defaulting on a 1.6 billion euro repayment to the International Monetary Fund. U.S. corporations have limited...

  • June 30- ConAgra Foods Inc, the maker of Slim Jim beef jerky and Chef Boyardee pasta, said it would exit its struggling private label foods business after the unit failed to post an increase in sales for the fifth straight quarter. "It has become clear that the time and energy the company is devoting to the Private Brands turnaround represent a suboptimal use of our...

  • This farm is in an underground tunnel Tuesday, 30 Jun 2015 | 8:07 AM ET
    This farm is in an underground tunnel

    How to get the freshest, locally-grown food when you live in a big city? This underground farm, implanted in a disused WWII tunnel, could be the solution.

  • ConAgra Foods to exit private label business Tuesday, 30 Jun 2015 | 7:41 AM ET

    June 30- ConAgra Foods Inc, the maker of Slim Jim beef jerky and Chef Boyardee pasta, said it would exit its struggling private label foods business and reported a 3.7 percent rise in quarterly sales. Net profit attributable to ConAgra was $209.2 million, or 48 cents a share, in the fourth quarter ended May 31. ConAgra lost $324.2 million, or 77 cents a share a year...

  • ConAgra to sell store-brand food business Tuesday, 30 Jun 2015 | 7:39 AM ET

    NEW YORK— ConAgra Foods Inc. plans to sell its faltering business that makes store-brand packaged food just two years after spending $5 billion to beef it up by buying the private-label foodmaker Ralcorp. The company's shares rose $1.37, or 3.2 percent, to $44.80 in premarket trading. ConAgra, based in Omaha, Nebraska, has been under scrutiny by activist investor...

  • CHICAGO, June 29- Fresh beef from Brazil and Argentina will be allowed into the United States under amended regulations that specify conditions to mitigate risk of foot-and-mouth disease, the U.S. Department of Agriculture's Animal and Plant Health Inspection Service said on Monday. Brazil and Argentina also need to meet food safety standards before being...

  • The Philippines' manufacturing ambitions Sunday, 28 Jun 2015 | 8:47 PM ET
    The Philippines' manufacturing ambitions

    In this final episode of "Global Opportunities Philippines", CNBC's Pauline Chiou examines whether the Philippines has what it takes to grab a much bigger slice of the manufacturing business.

  • Turf wars: How this $40B industry helps and hurts Saturday, 27 Jun 2015 | 9:00 AM ET
    Sheep Meadow in Central Park is a mixture of four types of turfgrass.

    There are acres of green turf around the country, but lawn maintenance has stirred a debate about its environmental impact.

  • NEW YORK, June 26- Nestle SA thinks it can turn around its U.S. frozen foods business despite recent sales declines driven by consumer perceptions that the products are not healthy, the company's U.S. chief executive said in an interview. Nestle remains committed to investing in its frozen food brands, which include Stouffer's and Lean Cuisine, Paul Grimwood told...

  • Nestle CEO on profitability: I'm never happy Friday, 26 Jun 2015 | 10:53 AM ET
    Nestle CEO on profitability: I'm never happy

    Nestle CEO Paul Bulcke, discusses the company's brand strategy, and currency impact to his business.