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  • MOSCOW, April 24- Russian meat producer Cherkizovo plans to increase poultry exports to reap the benefits of a weaker rouble as domestic prices come under pressure from faltering consumption, its chief executive said. Although the rouble has firmed over the past three months, Sergei Mikhailov told Reuters that Cherkizovo should have taken advantage of the...

  • B&G Foods posts 1Q profit Thursday, 23 Apr 2015 | 5:03 PM ET

    PARSIPPANY, N.J. _ B&G Foods Inc. on Thursday reported first-quarter earnings of $19.6 million. B&G Foods expects full-year earnings in the range of $1.48 to $1.55 per share, with revenue in the range of $860 million to $880 million. B&G Foods shares have fallen 0.5 percent since the beginning of the year.

  • A few countries— including China, Russia, South Korea and Thailand— have shut off all imports of poultry products from the United States. Mexico, Japan and Canada are among 33 countries declining to accept poultry products from entire states, including Iowa, the nation's leading egg producer, and Minnesota, the top turkey grower in the U.S. Some countries— including...

  • Hershey's China growth target in peril as sales tumble Thursday, 23 Apr 2015 | 4:34 PM ET

    April 23- "There's a Smile in Every Hershey's Bar", the famous slogan goes, but Hershey Co Inc doesn't seem to have a lot to smile about in China these days. The company said on Thursday it was sticking to its plan for China. China is key to Hershey if it is to achieve its goal of $10 billion in global sales by 2017. The company reported sales of $7.4 billion in 2014..

  • NEW YORK— As truth wars go, Vani Hari of the Food Babe blog has produced a doozy. "I think she means well, but I wish she would pick more important issues and pay closer attention to the science," said Marion Nestle, a nutrition, food studies and public health professor at New York University. Steven Novella, a clinical neurologist and assistant professor at Yale...

  • April 23- Hershey Co reported lower-than-expected quarterly revenue and profit due to weak sales growth in China and higher spending on advertising and marketing. The company said in February it expects China sales to grow 35 percent to $450 million in 2015.. The company's net income fell to $244.7 million, or $1.10 per share, in the first quarter ended April 5,...

  • Hershey says growth in China weaker than expected Thursday, 23 Apr 2015 | 7:51 AM ET

    HERSHEY, Pa.— Hershey's expansion into China hasn't been so sweet. That number excludes sales of Golden Monkey products, a Chinese food company that Hershey bought a controlling stake in late last year. Hershey said a slowdown in China's economy is keeping people from buying its goods.

  • If you buy any organic foods, make it these Wednesday, 22 Apr 2015 | 2:40 PM ET
    An organic produce sign stands over a display in the produce department of a Kroger supermarket in Peoria, Illinois.

    Organic food often costs more than the standard alternative. Here's when shelling out the money makes the most sense—and how to save.

  • *Visa, MasterCard rise as China opportunity seen. Visa gained as much as 7.1 percent to hit a record of $69.98, while MasterCard came shy of its all-time high, after China said it would open up its market to foreign firms for clearing domestic bank card transactions. MasterCard rose as much as 5.3 percent to $92.43.

  • CDC eyeing bird flu vaccine for humans, though risk is low Wednesday, 22 Apr 2015 | 12:38 PM ET

    MINNEAPOLIS— Federal officials said Wednesday they're taking steps to create a human vaccine for the bird flu virus that's slammed the Midwest poultry industry, though they still consider the danger to be low and the food supply not at risk. Alicia Fry, an influenza expert with the federal Centers for Disease Control and Prevention, said officials are hopeful...

  • *Visa, MasterCard rise as China opportunity seen. Visa gained as much as 7.1 percent to hit a record of $69.98, while MasterCard came shy of its all-time high after China said it would open up its market to foreign firms for clearing domestic bank card transactions from June. MasterCard rose as much as 5.3 percent to $92.43.

  • The sealed memorandum was one of many documents that Sysco has filed in its fight with the Federal Trade Commission's over whether it can merge with No. 2 US Foods. "In one instance, the FTC claims Sysco and US Foods would control 100 percent of the market in San Diego. The U.S. government filed a lawsuit in February seeking to block Sysco's $3.5 billion takeover of US...

  • April 22- Yum Brands Inc, owner of the KFC, Taco Bell and Pizza Hut restaurant brands, on Wednesday said it expects another tough quarter before a recovery in China, its No. 1 revenue and profit driver, bolsters results in the second half. Yum China's 2014 second quarter ended roughly a month before allegations of improper meat handling at OSI Group's Shanghai Husi...

  • Teva's turnaround CEO sets sights on $40 bln mega-deal Wednesday, 22 Apr 2015 | 9:06 AM ET

    TEL AVIV, April 22- Israeli turnaround specialist Erez Vigodman, the chief executive of Teva Pharmaceutical Industries, is looking to pull off the ultimate transformation, with the biggest deal in Israel's corporate history. His unsolicited $40 billion offer for smaller generic drug rival Mylan Inc is Vigodman's attempt to turn Teva into a global drug...

  • US STOCKS-Wall St to open flat on mixed bag of earnings Wednesday, 22 Apr 2015 | 9:05 AM ET

    *Angie's List rallies after surprise profit. First-quarter earnings of S&P 500 companies are expected to dip 2.2 percent, while revenues are seen declining 3.1 percent, according to Thomson Reuters data which includes companies that already reported. "Equity investors have been selling this year while credit investors have been investing aggressively,"...

  • April 22- Food distributor Sysco Corp said it had filed a memorandum opposing the U.S. Federal Trade Commission's efforts to block its proposed merger with smaller rival U.S. Foods Inc.. Sysco, the largest U.S. food distributor, unveiled its plan to buy US Foods, the second-largest, in December 2013. The U.S. government filed a lawsuit in February seeking to block...

  • April 22- Food distributor Sysco Corp said it had filed a memorandum opposing the U.S. Federal Trade Commission's efforts to block its proposed merger with smaller rival U.S. Foods Inc.. Sysco said it filed the memorandum on Tuesday in the U.S. Federal District Court for the District of Columbia, opposing the FTC's motion for preliminary injunction against the...

  • US STOCKS-Futures fall with eyes on earnings, dollar Wednesday, 22 Apr 2015 | 7:43 AM ET

    *EMC Corp dropped 2.2 percent to $25.75 as the data storage equipment maker cut its full-year forecast, citing the strong dollar. *Yahoo shares were up 1.3 percent at $45.07 after the company said it had hired advisers to determine the "most promising opportunities" for its stake in Yahoo Japan. *Broadcom rose 6.4 percent to $46.80 after the wireless chip maker...

  • Tesco gives more detail on supplier deals after scandal Wednesday, 22 Apr 2015 | 4:55 AM ET

    LONDON, April 22- Tesco provided more information about how it accounts for relationships with suppliers on Wednesday after an accounting scandal that contributed to an annual loss of 6.4 billion pounds. Britain's biggest retailer announced last year it had overstated profits by 263 million pounds due to booking deals with suppliers too early, prompting a...

  • With bird flu spreading, USDA starts on potential vaccine Wednesday, 22 Apr 2015 | 1:17 AM ET

    MINNEAPOLIS— As losses to poultry producers continue to climb from a deadly strain of bird flu, the U.S. Department of Agriculture is working on a potential vaccine in response to the current outbreak. The USDA would then provide that seed strain to drug manufacturers if the agency ultimately decides the vaccine is necessary to stop avian influenza.