Why McDonald's is facing pressure from its competitors, with Peter Saleh, Telsey Advisory Group.» Read More
CHICAGO, Oct 17- U.S. agribusiness conglomerate Cargill Inc said it will close its Lockney, Texas, feedlot next summer due to shrinking supplies of cattle and high feed costs. The pending closure comes months after the company shut one of its Texas beef packing plants also because of fewer cattle.
Oct 17- Chipotle Mexican Grill Inc on Thursday said better-than-expected sales at established restaurants boosted quarterly profits and signaled it may raise prices in the middle of 2014 to offset higher food costs, sending shares up 7.7 percent.
A new study from Connecticut College found lab rats that ate Oreo cookies activated neurons in their brains' "pleasure center" in the same way that drugs such as cocaine would.
MILAN, Oct 17- Italy's Ferrero, the maker of Nutella chocolate spread, denied on Thursday it had received an offer from Swiss food group Nestle or any other competitors and said it was not for sale. Italian daily La Repubblica said earlier that Nestle had submitted an offer for Ferrero, a family-owned firm that bankers say is worth more than 10 billion euros.
Oct 15- Coca-Cola Co on Tuesday reported a higher quarterly profit and said it was on track to achieve its goal of doubling its 2010 "system revenue," which includes its sales and those of its bottlers, by 2020.. In the third quarter, net income rose 6 percent to $2.45 billion, or 54 cents per share, in the third quarter from $2.31 billion, or 50 cents per share, a year earlier.
NEW YORK, Oct 11- With two words, the U.S. environment regulator may be handing oil refiners the biggest win of a long battle to beat back the seemingly inexorable rise of ethanol fuel.
WASHINGTON, Oct 10- Two brothers from Brazil will pay $5 million to settle civil charges that they reaped $1.8 million in illegal profits by trading ahead of an announcement that Berkshire Hathaway Inc and 3 G Capital planned to acquire ketchup-maker H.J. Heinz, the U.S. Securities and Exchange Commission said on Thursday.
WASHINGTON, Oct 10- Two brothers from Brazil will pay $5 million to settle civil charges that they reaped $1.8 million in illegal profits by trading ahead of an announcement that Berkshire Hathaway Inc and 3 G Capital planned to acquire ketchup maker H.J.
WASHINGTON, Oct 9- A month before election day, environmentalists urged biotechnology companies and a food industry group to stop pouring money into a campaign against a proposed food-labeling law in Washington state. In that case, groups opposed to labeling, including Monsanto Co and PepsiCo, spent about $46 million on an advertising blitz.
*South Korea says detects zilpaterol in U.S. beef. *Halts some U.S. beef imports from unit of JBS USA.
*A blanket ban in place on feed additives in Asia, Europe. SEOUL, Oct 9- South Korea has suspended some U.S. beef imports after detecting the cattle feed additive zilpaterol in meat supplied by a unit of JBS USA, raising concerns over how the controversial animal growth enhancer has entered the global supply chain.
*Says halts some U.S. beef imports from unit of JBS USA. SEOUL, Oct 9- South Korea said it has suspended some U.S. beef imports after detecting the controversial growth enhancer in cattle, Zilpaterol, in 22 tonnes of beef supplied by a work site from a unit of meat producer JBS USA.
Oct 8- KFC parent Yum Brands Inc on Tuesday warned that it will take longer than expected for its China restaurant sales to rebound, delaying a recovery in the market that accounts for more than half of the company's overall operating profit.
WASHINGTON, Oct 8- Tourism sagged near U.S. national parks, Washington- area workers filed more unemployment claims and futures markets grappled with a lack of data as the government shutdown, now in its second week, stretched across the nation and upset many aspects of American life.
Oct 8- KFC parent Yum Brands Inc on Tuesday warned that sales at established restaurants in China, its top market, are unlikely to rebound in the fourth quarter, as it had expected, and its shares fell almost 7 percent in extended trading.
Boulder Brands is betting the gluten-free craze is not just a fad. Stephen Hughes, Boulder Brands Chairman & CEO says 50 percent of its business is natural brands.
Herb Greenberg brought a red flag to gluten-free products at Boulder Brands. Stephen Hughes, Boulder Brands Chairman & CEO, says Greenberg's "math was wrong."
Oct 8- KFC parent Yum Brands Inc on Tuesday warned that sales at established restaurants in its top market of China are unlikely to rebound in the fourth quarter, as it had expected, and its shares tumbled 6.5 percent in extended trading.
Oct 8- Nuance Communications Inc, maker of the software that runs the Siri feature on Apple iPhones, appointed two Carl Icahn nominees to its board, just over a month after the activist investor raised his stake in the company to 16.7 percent.
'Sell-by' dates are 'confusing' and 'misleading,' a study found. In fact, food may still be good even years past the date.