Food Products


  • SYDNEY, Dec 27- Bega Cheese Ltd is in talks with "non-Australian" investors on a possible sale of its stake in Australia's oldest dairy firm, a source familiar with the situation said, adding a new twist to one of the country's most contested takeover battles in years.

  • SYDNEY, Dec 27- China Investment Corporation, an investment fund owned by the Chinese government, is backing a Chinese food company that is considering bidding for Australia's Warrnambool Cheese and Butter Holdings Co, the Business Spectator reported on Friday, without citing any sources or naming the company.

  • "The vaccine has been used in multiple states, including Iowa and North Carolina, but it is too early to know how effective the vaccine is." Iowa is the top U.S. hog state and North Carolina is second. The company said it is working with the U.S. Department of Agriculture to obtain a conditional license to more widely market and sell the vaccine.

  • Eat, drink and be merry—but is the food safe? Tuesday, 24 Dec 2013 | 9:39 AM ET

    A recent outbreak of food poisoning has led to calls for tougher inspection measures even as the government begins reforming food safety rules.

  • McDonald's employee site bashes fast food     Monday, 23 Dec 2013 | 1:46 PM ET

    CNBC's Michelle Caruso-Cabrera and Bob Pisani share their opinions on posts on McDonald's employee website which "bashes" fast food.

  • MADRID, Dec 23- Mexican frozen food company Sigma and Shuanghui International Holdings of China have signed an agreement to share ownership of Spanish meat processor Campofrio, cooling hopes of a bidding war.

  • WASHINGTON, Dec 20- U.S. poultry producers have dramatically reduced the presence of harmful bacteria in poultry meat, a trade group said on Friday in defending the food safety record of the industry. "The numbers tell us we're making tremendous progress," the National Chicken Council said in a statement that described poultry as overwhelmingly safe to eat.

  • *Goldman Sachs top-ranked bank for global ECM. LONDON/ NEW YORK/ HONG KONG, Dec 20- This year has been the biggest for equity fundraising globally since 2010, thanks to improving confidence among companies on the back of the strong investor demand for stocks, according to Thomson Reuters data published on Friday.

  • INDORE, India Dec 20- India is likely to import a record 4 million tonnes of refined palm oil in 2013/ 14 as export taxes in key supplier Indonesia make it cheaper than the crude variety, an executive at India's top edible oil buyer said.

  • *UBS tops league tables, followed by Goldman, Credit Suisse. HONG KONG, Dec 20- Equity capital markets in the Asia-Pacific ex- Japan region shrank for a third consecutive year in 2013, hurt by a downturn in India and slower activity in mainland China.

  • Chinese corporations filed 23 notices with U.S. regulators in 2012, up from 10 in 2011 and nearly quadruple the number in 2010, according to the Committee on Foreign Investment in the United States, or CFIUS.

  • Krispy Kreme Chairman and CEO James Morgan, provides insight into its success and business strategies for expanding internationally.

  • Chipotle's pizza plan     Thursday, 19 Dec 2013 | 2:39 PM ET

    Chipotle launched Pizzeria Locale in Denver hoping to take a bite out of the pizza industry. Stephen Anderson, Miller Tabak & Co. restaurant analyst, and Nicole Miller Regan, Piper Jaffray senior research analyst, share their opinions.

  • Consumer Reports tests for sick chicken     Thursday, 19 Dec 2013 | 1:24 PM ET

    Consumer Reports says 48 million people get sick from salmonella every year. CNBC's Jane Wells reports Consumer Reports tested more than 300 chicken breasts bought across the U.S., and found bacteria in nearly all of them.

  • Dec 19- Darden Restaurants Inc said it would spin off or sell its struggling Red Lobster chain, bowing to pressure from hedge fund Barington Capital Group, and warned that earnings would fall more than expected this year due to weak demand.

  • Dec 19- Darden Restaurants Inc said it would sell or spin off its struggling Red Lobster chain, bowing to pressure from activist investor Barington Capital Group after reporting another quarter of sliding profits.

  • Dec 19- Darden Restaurants Inc, under pressure from activist investor Barington Capital Group because of sliding profits, said it would sell or spin off its struggling Red Lobster chain.

  • General Mills posts lower-than-expected quarterly results Wednesday, 18 Dec 2013 | 7:21 AM ET

    Dec 18- Food company General Mills Inc reported lower-than-expected quarterly results due to higher cost of ingredients and a fall in sales in its U.S. retail business.

  • ELK POINT, South Dakota, Dec 17- Lawyers for ABC News asked a South Dakota circuit court judge on Tuesday to dismiss a $1.2 billion defamation lawsuit against it over coverage of a beef product dubbed by critics as "pink slime," as the news outlet stood by its reports and cited free speech protections.

  • Dec 16- The fate of a $1.2 billion lawsuit accusing ABC News of damaging a beef producer's profits and reputation through its reports about a controversial product dubbed by critics as "pink slime" might be determined this week.

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