The Center for Food Safety said on Thursday that it believes the USDA may have succumbed to outside pressure, possibly from Monsanto Co., the developer of the genetic trait in the biotech alfalfa.» Read More
Discussing top consumer product and food stock picks as companies navigate weather and higher costs, with David Palmer and Nik Modi of RBC Capital Markets.
CNBC's Courtney Reagan reports from the RBC Capital Markets Consumer and Retail conference on Petsmart's weather troubles, and Texas Roadhouse facing higher beef prices.
WASHINGTON, March 13- Two U.S. senators on Thursday urged the U.S. Department of Agriculture to approve disaster assistance for small pork producers affected by a deadly virus that has killed more than four million pigs across the United States in the past year.
LONDON, March 13- Britain's Wm Morrison Supermarkets sparked fears of an industry price war on Thursday after it posted its lowest profit for five years and said it would invest 1 billion pounds in price cuts over three years to win back customers.
SENATORS REQUEST DISASTER DECLARATION FOR SMALL PORK PRODUCERS HARMED BY DEADLY PIG VIRUS.
The Center for Food Safety said on Thursday that it believes the USDA may have succumbed to outside pressure, possibly from Monsanto Co., the developer of the genetic trait in the biotech alfalfa. Neither the USDA nor Monsanto responded to requests for comment on Thursday.
SAO PAULO, March 13- France's Carrefour SA could raise as much as 5 billion reais from the sale of a stake in its Brazilian unit, one source with direct knowledge of the situation said, with potential bidders including Brazilian tycoon Abilio Diniz and a sovereign wealth fund.
Food prices are expected to rises this year, but Tyson CEO Donnie Smith said it won't stop his firm from posting record earnings.
Discussing consumer behavior as meat prices rise, with Tyson Foods CEO Donnie Smith. "We're backing off on portion size," he explains.
Tyson Foods CEO Donnie Smith says meat demand is "still really good," but expects really high prices for beef and pork.
A UN report showed food prices jumped last month by the most in 1.5 years. CNBC's Sara Eisen discusses what's behind the rise in food costs.
CNBC's Sara Eisen discusses if soaring commodity prices means food costs will jump at the grocery store. The FMHR traders weigh in.
HONG KONG, March 11- Hong Kong shares lingered at a one-month low on Tuesday, in spite of Chinese snack maker Want Want jumping 4.6 percent after posting at midday full-year 2013 net profit that was broadly in line with expectations. The Hang Seng Index finished flat at 22,269.6 after having closed on Monday at its lowest since Feb. 13.
OTTAWA, March 11- Canada and South Korea announced on Tuesday they had wrapped up talks on a long-delayed free trade deal which had stalled for years amid squabbles over exports of autos and beef. Canada's Trade Ministry says exports to South Korea in 2012 were worth C $3.7 billion while imports from South Korea hit C $6.4 billion.
Why McDonald's is facing pressure from its competitors, with Peter Saleh, Telsey Advisory Group.
DUBLIN, March 10- U.S. fruit firm Chiquita Brands and Irish rival Fyffes, Europe's largest distributor, have struck an all-stock deal to create the world's biggest banana supplier.
NEW YORK, March 10- U.S. stocks edged modestly lower on Monday, and the S&P 500 held near record highs, as investors largely shrugged off unexpectedly weak data in China. "I don't think it's disruptive to the way people are looking at China as an economy that has lost some of its hyperbolic move and that is almost welcome."
March 10- McDonald's Corp on Monday reported a bigger-than-expected drop in comparable global sales for February, hurt again by slow business in the United States. McDonald's Chief Financial Officer Pete Bensen said in a press release that the unchanged global comparable sales so far this year "will pressure margins" in the first quarter.
NEW YORK, March 10- U.S. stocks were set to open slightly lower on Monday, on the heels of a record high for the S&P 500, following unexpectedly weak data in China which tempered enthusiasm over the strength of the global economy.
March 10- McDonald's Corp on Monday reported a bigger-than-expected drop in comparable global sales at established restaurants for February, hurt by competition and bad weather that battered U.S. sales. In Europe, which has edged out the United States as the company's biggest revenue market, restaurant sales last month rose 0.6 percent.