MEMPHIS, Tenn.— Cargill will close its corn milling plant in Memphis, Tennessee early next year, citing its location outside of the corn belt and underutilization. The milling plant has about 440 workers, with 120 of those being contract employees. In July Cargill announced plans to close a Milwaukee beef-processing plant due to a cattle shortage.» Read More
Since the national network started in 2010, Slow Money networks and investment clubs around the country, including in Maine, Massachusetts, California, North Carolina, and in cities like Boston and New York, have made a total of $38 million in investments in 350 small food enterprises.
Goldman Sachs and Credit Suisse are the lead underwriters for the IPO, the New Jersey- based company said in a filing with the U.S. Securities and Exchange Commission on Friday. Freshpet's filing listed private equity firm MidOcean Partners LP and Tyson Foods Inc, the largest U.S. meat processor, as investors.
Discussing the improving trends in the restaurant industry, and the best stocks to own in the space, with Bob Derrington, Wunderlich Securities analyst.
FMHR traders Jon Najarian and Joe Terranova, debate how to play Darden Restaurants.
Sept 12- Olive Garden owner Darden Restaurants Inc on Friday reported a quarterly loss, but its results were overshadowed by activist investor Starboard Value LP's release of its revised plan to boost Darden's profit and stock price.
Whole Foods co-CEO Walter Robb, discusses the decline in his stock versus Kroger shares. Robb says growth at the company is in a good place ahead of the fall season.
Sept 12- Darden Restaurants Inc posted a quarterly loss a day after the Olive Garden chain owner received an action plan from activist investor Starboard Value LP to boost its share value. Customer visits to Olive Garden restaurants fell in every month of the quarter ended Aug. 24 as competition remained intense.
Sept 12- Darden Restaurants Inc reported a quarterly loss after same-restaurant sales fell again at its Olive Garden chain, which contributes about two-thirds to profit.
ALBANY, Ga.— Jurors started deciding Friday whether the owner of a Georgia peanut plant linked to a deadly salmonella outbreak recklessly sent known tainted products with the motto "just ship it" or was simply a scapegoat for large food companies that authorities didn't want to prosecute and subordinate managers who weren't prominent enough to shoulder the blame.
Take a look at the new "black burger" at Burger King in Japan.
Banks and investors have already criticized Europe for diverging from agreed international standards and have warned that the European proposal could increase the cost of trading over-the-counter derivatives, such as interest rate swaps, in Asia by hundreds of billions of dollars, threatening systemic stability and potentially forcing EU banks out of the Asian OTC derivatives markets.
Troubled McDonald's may be trying to concoct a new meal segment: McBrunch, USA Today reports.
The ongoing drought in California is cutting back the state's rice crop. It's gotten so bad, one rice farmer said they might have to sell the land.
Shares of McDonald's are down again. CNBC's Jim Cramer weighs in on the food chain.
*Windsor Quality acquisition would be biggest for Ajinomoto. *Ajinomoto shares up 1.7 percent after news. TOKYO, Sept 10- Japan's Ajinomoto Co Inc said on Wednesday it would buy unlisted U.S. frozen foods maker Windsor Quality Holdings for around $800 million as it seeks to expand in North America to offset slowing growth at home.
NEW YORK— Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:. Annie's Inc., up $12.59 to $46.10. Avon Products Inc., down 49 cents to $13.17.
Credit Suisse and Barclays are the IPO's lead underwriters, the company said in a filing with the U.S. Securities and Exchange Commission. Performance Food markets and distributes food and food products to restaurants such as Subway, TGI Friday's, Wendys Co, and Yum Brands Inc as well as to hotels, schools, hospitals and other institutions.
Sept 9- Food distributor Performance Food Group Co filed with U.S. regulators on Tuesday to raise up to $100 million in an initial public offering of common stock. Credit Suisse and Barclays are the lead underwriters of the offering, the Richmond, Virginia- based company told the U. S Securities and Exchange Commission in a preliminary filing.
MOSCOW, Sept 9- Russian farming conglomerate Rusagro Group hopes the state will help it boost pork output to replace Western imports banned in tit-for-tat moves over Ukraine, but is still waiting for funds from a previous subsidy program.
Sept 9- The parent of White Rose Inc, one of the biggest independent food distributors in the New York City area, on Tuesday filed for bankruptcy and said it had agreed to sell substantially all its assets to C&S Wholesale Grocers Inc, one of the largest privately held U.S. companies.