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Food Products


  • LONDON/ ATHENS, July 7- The cash economy emerging after the closure of Greece's banks is beginning to paralyze the country's vital olive oil industry as farmers demand cash for supplies that distributors are unable to pay. With the country's lenders at risk of default, Greece's half a million olive growers, many of them small family businesses, fear the banks will...

  • ZIONSVILLE, Ind.— FBI agents and Indiana State Police raided the home of Subway restaurant spokesman Jared Fogle on Tuesday, removing electronics from the property and searching the house with a police dog, two months after the then-executive director of Fogle's foundation was arrested on child pornography charges. Subway said in a statement that it is "very...

  • 'ChickenShack' debuts in Brooklyn

    Shake Shack debuts a fried chicken sandwich today, but the ChickenShack is only available -- for now -- in Brooklyn.

  • The battle over breast milk

    Lawmakers are stepping into the battle for control of the human breast milk industry.

  • A new slim fit for Oreo Monday, 6 Jul 2015 | 10:00 AM ET
    A new slim fit for Oreo

    Mondelez is rolling out Oreo Thins, aiming to fatten up its North American cookie business, which declined in the first three months of this year.

  • Mow the lawn, help the planet—by good landscaping Saturday, 4 Jul 2015 | 9:00 AM ET
    Sheep Meadow in Central Park is a mixture of four types of turfgrass.

    The U.S. is becoming a much greener place, but turf maintenance comes with a host of environmental considerations.

  • Let's make a deal: mega-mergers drive M&A frenzy Friday, 3 Jul 2015 | 3:01 AM ET

    NEW YORK— Deal makers from New York to London had a busy first half of the year, and mega-mergers drove the frenzy. Companies around the world announced mergers and acquisitions worth $2.3 trillion, according to figures from data provider Dealogic, the second-best half-year total on record and the highest amount since 2007, when $2.6 trillion of deals were...

  • John Clifford, the USDA's chief veterinary officer, said in a statement. The H5N2 strain has cost poultry producers around 48 million birds since early March, according to USDA figures, hitting Iowa egg producers and Minnesota turkey growers especially hard. As part of the USDA's plans, federal and state biologists will collect around 41,000 samples from...

  • Happiness or heartburn for Nathan's Thursday, 2 Jul 2015 | 9:00 AM ET
    Happieness or heartburn for Nathan's

    Weigh-in takes place today at NYC's City Hall for the annual July 4th Nathan's Famous Hot Dog Eating Contest in Coney Island, Brooklyn.

  • JBS of Brazil buying Cargill pork unit for $1.45B Wednesday, 1 Jul 2015 | 6:22 PM ET

    Brazilian meat producer JBS will buy the U.S. pork division of agribusiness giant Cargill for $1.45 billion.

  • JBS of Brazil buying Cargill US pork unit for $1.45B Wednesday, 1 Jul 2015 | 5:51 PM ET

    NEW YORK— Brazilian meat producer JBS will buy the U.S. pork division of agribusiness giant Cargill for $1.45 billion, the companies said Wednesday. JBS SA reported about $21.65 billion in revenue in 2014. JBS USA Holdings owns Pilgrim's Pride, among other brands, and it entered the U.S. pork market when it bought Swift Co. in 2007.. A year ago JBS agreed to buy the...

  • JBS USA to buy Cargill pork business for $1.45 billion Wednesday, 1 Jul 2015 | 5:38 PM ET

    JBS USA, a division of Sao Paulo, Brazil- based JBS, and Cargill said Wednesday they have signed an agreement for the $1.45 billion transaction. JBS USA Pork Chief Operating Officer Martin Dooley says it's a strategic investment in the long-term growth of the company's U.S. pork business. Feed mills in Arkansas, Iowa, Missouri, and Texas are included, along with hog...

  • SAO PAULO, July 1- JBS SA, the world's largest meatpacker, said on Wednesday its U.S. division would purchase pork assets from Cargill meat solutions for $1.45 billion, free of debt. The announcement follows a deal announced by Brazil- based JBS on June 21 to purchase Moy Park Ltd, the British unit of rival Marfrig Global Foods SA. The Cargill pork purchase includes two...

  • JBS USA Pork to buy Cargill pork business for $1.45 bln Wednesday, 1 Jul 2015 | 4:48 PM ET

    July 1- Cargill Inc said JBS USA Pork would buy its U.S.-based pork business for $1.45 billion. The acquisition includes two meat processing plants in Iowa and Illnois. JBS USA is a unit of Brazil- based meat processing company JBS S.A..

  • BOSTON— One of the most remarkable work stoppages in U.S. labor history will soon be the subject of a documentary film. "Food Fight: Inside the Battle for Market Basket" is being edited and is scheduled to be released in the fall, said director Jay Childs, a New Hampshire- based film maker who's been working on the project for two years. The documentary is about the...

  • Kraft shareholders approve sale of company to Heinz Wednesday, 1 Jul 2015 | 9:49 AM ET

    NORTHFIELD, Ill.— Kraft shareholders have approved the sale of the company to ketchup maker H.J. Heinz, creating one of the world's largest food companies with annual revenue of about $28 billion. Heinz' owners, Warren Buffett's Berkshire Hathaway and the Brazilian investment firm 3 G Capital engineered the deal, first announced in March, and will control 51...

  • Smucker cuts price of Folgers, other coffee products Wednesday, 1 Jul 2015 | 8:33 AM ET

    NEW YORK— The J. M. Smucker Co. is cutting prices for the majority of its coffee products sold in the U.S., including Folgers and Dunkin Donuts brand coffee sold in stores. Dunkin Donuts coffee is licensed to Smucker for sale in stores. Smucker's shares rose 59 cents to $109 in premarket trading.

  • Fast casual, fast money Tuesday, 30 Jun 2015 | 5:46 PM ET
    Fast casual, fast money

    CNBC's Jane Wells reports on food trends to keep an eye on in the second half of the year.

  • June 30- Wall Street was set to open higher on Tuesday, a day after the Dow and the S&P 500 registered their worst session since October, as investors hoped Greece would strike a last-minute deal to avoid an exit from the euro zone. Greece is hours away from defaulting on a 1.6 billion euro repayment to the International Monetary Fund. U.S. corporations have limited...

  • June 30- ConAgra Foods Inc, the maker of Slim Jim beef jerky and Chef Boyardee pasta, said it would exit its struggling private label foods business after the unit failed to post an increase in sales for the fifth straight quarter. "It has become clear that the time and energy the company is devoting to the Private Brands turnaround represent a suboptimal use of our...