The food industry is closely watching the Food and Drug Administration to see which establishments are included in the final menu labeling rules, which are expected this year. FDA Commissioner Margaret Hamburg told Congress earlier this month that writing the rules has been "much more challenging than expected."» Read More
The Vermont House of Representative passed the bill 114-30. Last week, the Vermont Senate, by a vote of 28-2, approved the measure, which requires foods containing GMOs sold at retail outlets to be labeled as having been produced or partially produced with "genetic engineering."
NEW YORK— Ronald McDonald has a new look, and he's ready for a selfie. McDonald's said Wednesday its famous spokesclown will take an active role on social media for the first time, using the hashtag# ronaldmcdonald. The company says Ronald McDonald won't have his own Twitter handle, but that it will post photos and videos of him on its existing social media accounts.
NEW BERLIN, N.Y.— Greek yogurt maker Chobani has secured a $750 million investment from investment firm TPG Capital to help fund its growth. Chobani founder and CEO Hamdi Ulukaya will serve as its chairman. Whole Foods said it would stop carrying Chobani to make room for other options.
April 23- A law that would make Vermont the first U.S. state to enact mandatory labeling of foods made with genetically modified organisms, or GMOs, received final approval from state lawmakers on Wednesday and now heads to the governor's desk.
A tractor-trailer carrying 40,000 pounds of french fries caught fire in a Wal-Mart parking lot in the Maine city of Waterville.
FMHR trader Josh Brown thinks Dunkin' Brands looks fantastic technically, while Mike Murphy says investors are questioning the company's massive expansion plans.
CNBC's Jane Wells reports on the Street's expectations for Dunkin Brands, and what could send coffee prices higher. The company plans to eventually double the number of stores it has to 15,000, including coming back to California.
NEW YORK— PepsiCo is again mining its partnership with Taco Bell, with plans to start selling the Mexican food chain's popular Mountain Dew Baja Blast drinks in bottles and cans for the first time next month. PepsiCo and Yum Brands Inc., which owns Taco Bell, KFC and Pizza Hut, didn't disclose terms of the agreement or how sales will be divided.
Since a father and son took their 10 flipping, twirling dogs from the center ring of a circus to the stage of a reality show, where they won TV competition "America's Got Talent," people pack their performances at large venues and they have been tapped to star in short films bankrolled by Ellen DeGeneres' pet food company, one of which is set to screen at the Cannes Film Festival.
MONTPELIER, Vt.— Vermont could likely be the first state in the country to require labels on genetically modified foods, under a bill approved by both legislative chambers and favored by the governor. "I am proud of Vermont for being the first state in the nation to ensure that Vermonters will know what is in their food," he said in a statement.
TOKYO/ WASHINGTON, April 22- U.S. Trade Representative Michael Froman arrived in Japan earlier than expected on Wednesday, Japanese media, for a last ditch push for a two-way deal seen as crucial to efforts to create one of the world's biggest trade pacts.
April 22- Darden Restaurant Inc will have to call a shareholder meeting to vote on Starboard Value LP's proposal to delay the company's plan to spin off its struggling Red Lobster chain, after the activist investor secured the support of a majority of the company's shareholders.
KFC parent Yum Brands on Tuesday said first-quarter sales at established restaurants in China, its top market, rose 9 percent.
Some of the biggest names in Corporate America, including Coca-Cola Co, General Motors Co, United Technologies Corp and McDonald's Corp all in the past week reported strong results from their China operations.
April 22- KFC parent Yum Brands Inc on Tuesday said first-quarter sales at established restaurants in China, its top market, rose 9 percent, roughly in line with expectations, as it recovers from an avian flu outbreak and a food safety scare last year that pummeled demand for chicken.
April 22- Darden Restaurant Inc has 60 days to call a shareholder meeting to vote on activist investor Starboard Value LP's proposal to delay the company's plan to spin off its struggling Red Lobster chain, CNBC reported.
WASHINGTON/ TOKYO, April 22- A meeting between U.S. President Barack Obama and Japanese Prime Minister Shinzo Abe this week in Tokyo may not seal one of the world's biggest trade pacts, but it could give it a much-needed boost.
April 22- McDonald's Corp posted a lower quarterly profit on Tuesday as high beef costs bit into margins and fewer customer visits resulted in a bigger-than-expected decline in sales at the fast-food chain's established U.S. restaurants.
April 22- McDonald's Corp posted a lower quarterly profit on Tuesday as sales at the fast-food chain's established U.S. restaurants fell more than expected on fewer customers. In the Asia Pacific, the Middle East and Africa region, same-store restaurant sales rose 0.8 percent, compared to analyst projections for a 0.5 percent increase.
McDonald's reported Q1 EPS of $1.21 on revenue of $6.7 billion. RJ Hottovy of Morningstar, still sees value in the stock.