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...» Read More
Chipotle CFO Jack Hartung says Chipotle has found a high quality supply of grass-fed beef in Australia, and the company's solution to a long and slow line.
NEW YORK, July 23- Mars Chocolate North America, the maker of M&M's and Snickers, said on Wednesday that it will raise its prices by an average of 7 percent "to offset rising costs," its first increase in three years.
NEW YORK, July 23- Mars Chocolate North America said on Wednesday that it will raise its prices by an average of 7 percent "to offset rising costs," marking its first increase in three years.
SHANGHAI/ LANGFANG, China, July 23- Yum Brands Inc's China division severed ties to OSI China after Shanghai police detained five people from that supplier's meat processing factory at the center of a food safety scare that has ensnared several major Western brands.
*Saudi Arabia as big as other Gulf markets combined. DUBAI, July 23- The opening of Saudi Arabia's bourse to international investors may double the amount of foreign money flowing into the Gulf's securities markets, making it more attractive to invest in the region but also bringing new risks.
Domino's Pizza President & CEO, shares his excitement over the company's new iPad app, and predicts a slow decline in the price of raw materials.
What Chipotle is doing right, with "Fast Money" trader Dan Nathan; and the reason behind McDonald's weakness, with Guy Adami.
July 22- McDonald's Corp feels "a bit deceived" by the audit it received for Shanghai Husi Food Co Ltd, a China supplier that was shut down this week after a TV report showed workers mishandling meat, Chief Executive Don Thompson said on Tuesday.
CNBC's Sara Eisen reports how the shift in consumers' taste is reflected in the earnings of McDonald's and Chipotle.
July 22- Quarterly profit at McDonald's Corp fell more than expected after established restaurants in its struggling U.S. division turned in a third straight quarterly sales decline and results from Europe also logged a surprise drop.
Wawona Packing says no illnesses have been reported from a listeria scare of some of its produce, and the nationwide recall is a precaution.
July 21- Burrito chain Chipotle Mexican Grill Inc last quarter achieved what many of its rivals could only dream of: It raised prices, yet attracted more diners during a period of sluggish economic growth. Rival Panera Bread Co was on a similar trajectory until last year, when "operational friction" caused it to stumble on speed.
Chipotle is reporting Q2 EPS of $3.50 on revenues of $1.05 billion, with CNBC's Dominic Chu.
SHANGHAI/ LOS ANGELES, July 21- Yum Brands Inc and McDonald's Corp are facing a new food safety scare in China, denting the fast-food companies' efforts to shore up reputations and businesses that were hurt by a 2012 safety scandal in one of their biggest markets.
McDonald's and Yum! Brands say they have stopped buying meat from a Shanghai supplier while authorities investigate allegations the supplier sold the restaurants chicken and beef past the expiration date, with CNBC's Sara Eisen.
*McDonald's warns may face China product shortfall. *Incident highlights broader China food supply chain issues. SHANGHAI, July 21- McDonald's Corp and Yum Brands Inc are facing a new food safety scare in China, denting the fast food giants' efforts to shore up reputations and businesses that were hurt by a 2012 safety scandal in one of their biggest markets.
Expensive beans are driving up the prices of coffee, but many consumers are shifting to higher-priced specialty coffee.
The drought in California will cost $2.2 billion in 2014, says a new report. Dwindling ground water is keeping food prices low, but not for long.
July 17- Yum Brands Inc's disappointing Pizza Hut and Taco Bell results, along with other data, suggested the U.S. fast-food business remained weak in the second quarter and that industry leader McDonald's Corp continues to struggle. The fast-food guys are stuck, " Investment Technology Group restaurant analyst Steve West said.
In NYC, food trucks have been hot, but many owners say rules and regulations are eating up profits. Marcus Lemonis of CNBC's 'The Profit' meets up with the owners of Eddie's Pizza Truck who are making money in a different way, but still need help.