Food Products


  • Officials OK perks for Iowa vegetable oil plant Saturday, 20 Dec 2014 | 5:25 PM ET

    SIOUX CITY, Iowa— State and local officials have approved $3.1 million in incentives for an Omaha, Nebraska, soybean processor to build a $90 million vegetable oil refinery in northwestern Iowa. An agreement approved Friday by the Woodbury County Board will exempt Ag Processing Inc. from $2.1 million in county property taxes through 2024, the Sioux City...

  • Four of the world's most celebrated chefs are out with a new series of cookbooks highlighting their best recipes. Daniel chef & owner Daniel Boulud, and Le Bernardin chef Eric Ripert, discuss the book, the fine dining space and trends in the restaurant industry.

  • BWLD's 'winging' strategy  Friday, 19 Dec 2014 | 7:47 AM ET

    Sally Smith, Buffalo Wild Wings CEO, discusses how rising chicken prices and labor costs are impacting the company's bottom line.

  • Bumble Bee was acquired by the British investment firm Lion Capital LLP in late 2010. If approved, Thai Union expects to take ownership in the second half of next year. Thai Union has annual sales exceeding 100 billion baht with a worldwide workforce of more than 35,000, the company said. Thiraphong Chansiri, the president and CEO of Thai Union, said it would be the...

  • Festive drinks for your office party!  Friday, 19 Dec 2014 | 4:40 AM ET

    Tonight is the most popular night for the Christmas office party. Dustin MacMillan, head of creative at Hix Restaurant Group, shows you how to make a straight up martini, made from cow's milk vodka; and a traditional boozy eggnog to get you in the festive mood.

  • Invest in the holiday drink  Friday, 19 Dec 2014 | 4:15 AM ET

    From an investment perspective, how can you find opportunity in popular festive cocktails? Trevor Stirling, European beverages analyst at Sanford C. Bernstein, says we've moved away from gummy bear and cookie dough flavoured vodkas, towards flavoured whisky.

  • Unilever drops mayonnaise suit against Just Mayo maker Thursday, 18 Dec 2014 | 8:33 PM ET

    Dec 18- Unilever Plc's U.S. division said it has withdrawn its lawsuit against food startup Hampton Creek over false advertising and unfair competition related to its Just Mayo product. Unilever, famous for its mayonnaise brand Hellmann's, had filed a suit against Hampton Creek earlier this year accusing the company of advertising Just Mayo, an eggless spread,...

  • Hellman's maker Unilever drops suit over 'Just Mayo' Thursday, 18 Dec 2014 | 6:57 PM ET
    Just Mayo by Hampton Creek

    Hellman's mayonnaise maker Unilever says that it has withdrawn its lawsuit against the maker of "Just Mayo."

  • Hellmann's maker Unilever drops suit over 'Just Mayo' Thursday, 18 Dec 2014 | 6:52 PM ET

    Hellmann's mayonnaise maker Unilever has withdrawn its lawsuit against the maker of " Just Mayo." Unilever filed suit against Hampton Creek earlier this year claiming the name of the small California company's product amounted to false advertising. Unilever said Thursday that it decided to withdraw the lawsuit so that Hampton Creek can address its label...

  • Dec 18- Kraft Foods Group Inc on Thursday said Tony Vernon would retire as chief executive officer later this month, with Chairman John Cahill succeeding him as the company battles sluggish demand for packaged food products in the United States. Kraft shares rose 6.4 percent to close at $63.38, an all-time high since the company was spun off from Mondelez...

  • *Sees private-label profit recovery in year ending May 2016. *2nd- qtr sales $4.15 bln vs est $4.20 bln. Dec 18- ConAgra Foods Inc reported sales below market estimates due to weak demand for its branded products and said recovery in its private-label business would take longer than expected.

  • 2014: A year of battle lines drawn over dinner Thursday, 18 Dec 2014 | 10:38 AM ET

    Have you picked a side yet? If not, you'd better think fast, because the battle lines are being drawn and they cut right down the dinner table. For if there was any theme to the food world in 2014, it was the prevalence of polarizing issues.

  • UPDATE 1-ConAgra Foods quarterly sales miss estimates Thursday, 18 Dec 2014 | 9:13 AM ET

    Dec 18- ConAgra Foods Inc reported quarterly sales that missed estimates due to weak demand for branded foods and said recovery in its under-performing private-label business would take longer than expected. Shares of the company, whose brands include Chef Boyardee and Healthy Choice, fell 1.2 percent to $36.66 in premarket trading on Wednesday.

  • ConAgra Foods quarterly sales fall 2 percent Thursday, 18 Dec 2014 | 7:56 AM ET

    Dec 18- ConAgra Foods Inc reported a 2 percent fall in quarterly net sales, due to weak demand for branded foods such as Hunt's ketchup and Bertolli pastas and frozen meals. Net income attributable to the company fell to $10 million, or 2 cents per share in the second quarter ended Nov. 23, from $248.7 million, or 58 cents per share, a year earlier. Net sales for the company,...

  • Sanderson Farms misses 4Q profit forecasts Thursday, 18 Dec 2014 | 6:36 AM ET

    LAUREL, Miss. _ Sanderson Farms Inc. on Thursday reported earnings of $93.1 million in its fiscal fourth quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $4.21 per share. Sanderson Farms shares have risen 21 percent since the beginning of the year.

  • PARIS, Dec 18- Supermarkets group Carrefour has sold a 10 percent stake in its Brazilian business to billionaire Abilio Diniz, securing local retail expertise to support growth in its second largest market and in a first step towards a separate listing. Carrefour said the transaction had closed, and that "this opening of the capital of the Brazilian subsidiary...

  • SAO PAULO, Dec 17- Brazilian billionaire Abilio Diniz agreed to buy a 10 percent stake in Carrefour SA's Brazilian unit, a source with direct knowledge of the situation said on Wednesday, potentially strengthening its ability to take on the supermarket chain Diniz's father founded. Under terms of the deal, Diniz, whose Peninsula Participações holding...

  • *Olive Garden 2nd- qtr same-store sales up 0.5 pct. Dec 16- Darden Restaurants Inc, whose entire board was replaced by activist investor Starboard Value LP, reported a 4.9 percent rise in quarterly sales and raised the lower end of its adjusted profit forecast for the full year. Darden said it now expects adjusted profit of $2.25- $2.30 per share from continuing...

  • Dec 16- Darden Restaurants Inc reported a 4.9 percent rise in quarterly sales, helped by higher comparable sales at its flagship Olive Garden chain, and raised the lower end of its adjusted profit forecast for the full year. The company has suffered more than a year of traffic declines at Olive Garden, which accounts for more than half of Darden's overall revenue...

  • Campbell Soup innovates with organics  Tuesday, 16 Dec 2014 | 4:27 PM ET

    Campbell Soup Company CEO Denise Morrison, shares her consumer forecast, and discusses how her company is making products more available to consumers.