Morgan Stanley analyst Matthew Grainger on Monday upgraded his rating on Kraft Foods Group Inc., saying there is still a good long-term growth story ahead for the food company. The analyst upgraded his rating to "Overweight" or "Buy," from "Equal-weight" and raised his price target to $60 from $55.» Read More
Dec 9- McDonald's Corp on Monday reported another sluggish month of sales at established restaurants, results that suggest the famed hamburger chain is losing U.S. market share to rivals.
NEW YORK, Dec 9- Wall Street rose modestly on Monday after Chinese inflation data eased worries about policy tightening there, while investors were cautious before speeches on the economy by four top Federal Reserve officials. Richmond Fed Bank President Jeffrey Lacker will speak at an economic outlook conference in Charlotte, North Carolina at 12:30 p.m..
Dec 9- McDonald's Corp continued to grapple with slack demand and intense competition in November, as weakness in the United States, Germany and Japan dragged on sales at established restaurants.
Sysco said it would buy rival US Foods for about $3.5 billion, creating a company with about $65 billion in annual revenue.
NEW YORK, Dec 9- Wall Street was set for a slightly higher open on Monday, supported by inflation data from China but gains were likely to be capped with a number of top Federal Reserve officials lined up to speak throughout the day.
Dec 9- Sysco Corp said it would buy rival US Foods Inc for about $3.5 billion and assume about $4.7 billion in debt to cement its position as the biggest U.S. food distributor, driving up Sysco's shares 30 percent before the bell.
Dec 9- McDonald's Corp reported weaker-than-expected global sales at established restaurants for November, hurt by a sharp drop in comparable-store sales in the United States. The company said high competition and relatively weak customer traffic hurt sales in the United States, its second biggest market after Europe.
Dec 9- Food distributor Sysco Corp said it would buy rival US Foods for about $3.5 billion and assume about $4.7 billion in debt to create a company with about $65 billion in annual revenue.
MOSCOW, Dec 9- Russia's Uralkali, the world's largest potash producer, is to create a joint venture for potash distribution with Malaysia as it seeks to boost sales in South East Asia, the company said on Monday. Malaysia, along with other countries in South East Asia, is a major market for the crop nutrient due to demand from its palm oil industry.
Tens of thousands of fast-food workers around the U.S. are demanding a hike in the minimum wage to $15/hour. Popeye's crew member Mary Coleman discusses the challenges of trying to get higher pay from her employer.
Fast-food workers around the U.S. are on strike demanding a hike in the minimum wage to $15 per hour. About a hundred employees tried to block the lunchtime rush outside a Wendy's in Brooklyn, reports NBC News' Katy Tur.
A panel of five EPA rulemakers- including Chris Grundler, director of the EPA's Office of Transportation and Air Quality- listened intently as groups of five to six speakers came up in succession to state their positions.
Ross Devol of the Milken Institute, digs into the unemployment rate of those without a high school education, and whether raising the minimum wage would discourage people from staying in school. Devol also shares the best cities for jobs.
The minimum wage battle is heating up as tens of thousands of fast-food workers participated in a strike for a higher minimum wage. CNBC's Steve Liesman provides insight on minimum wage laws.
Fast-food workers are willing to disrupt the lunchtime rush by protesting outside, reports NBC News' Katy Tur. Workers are striking for a fair minimum wage.
CNBC's Steve Liesman and Robert Frank question whether a $15 minimum wage for fast-food workers is the solution to the American wealth gap.
Jolly Ranchers are heading to India, the first international market for the hard candy outside of North America in its 65- year history. Hershey India Private Ltd., a subsidiary of The Hershey Co., said Thursday that the expansion underscores the significance of a growing confectionery market in India, a nation of more than 1.2 billion people.
CNBC's Katy Tur reports that fast-food workers across the country plan to protest in an effort to gain higher pay at minimum wage jobs.
SIOUX FALLS, S.D.-- A Green Bay, Wis.- based beef processing company has submitted the minimum $12.75 million bid for an idled South Dakota plant, according to court paperwork filed Wednesday.
WASHINGTON, Dec 5- Industries with millions of dollars at stake over the U.S. government's plan to lower the amount of biofuel that must be used in 2014 will air their grievances on Thursday in one of the most divisive policy debates of the year.