*Cost cutting to help save $100 mln by 2014. Sept 17- General Mills Inc reported a lower-than-expected quarterly profit as the maker of Cheerios cereal and Betty Crocker cake mixes lost further ground to cheaper store-branded foods amid rising demand for alternative breakfast options.» Read More
*Windsor Quality acquisition would be biggest for Ajinomoto. *Ajinomoto shares up 1.7 percent after news. TOKYO, Sept 10- Japan's Ajinomoto Co Inc said on Wednesday it would buy unlisted U.S. frozen foods maker Windsor Quality Holdings for around $800 million as it seeks to expand in North America to offset slowing growth at home.
NEW YORK— Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:. Annie's Inc., up $12.59 to $46.10. Avon Products Inc., down 49 cents to $13.17.
Credit Suisse and Barclays are the IPO's lead underwriters, the company said in a filing with the U.S. Securities and Exchange Commission. Performance Food markets and distributes food and food products to restaurants such as Subway, TGI Friday's, Wendys Co, and Yum Brands Inc as well as to hotels, schools, hospitals and other institutions.
Sept 9- Food distributor Performance Food Group Co filed with U.S. regulators on Tuesday to raise up to $100 million in an initial public offering of common stock. Credit Suisse and Barclays are the lead underwriters of the offering, the Richmond, Virginia- based company told the U. S Securities and Exchange Commission in a preliminary filing.
MOSCOW, Sept 9- Russian farming conglomerate Rusagro Group hopes the state will help it boost pork output to replace Western imports banned in tit-for-tat moves over Ukraine, but is still waiting for funds from a previous subsidy program.
Sept 9- The parent of White Rose Inc, one of the biggest independent food distributors in the New York City area, on Tuesday filed for bankruptcy and said it had agreed to sell substantially all its assets to C&S Wholesale Grocers Inc, one of the largest privately held U.S. companies.
Sept 9- McDonald's Corp reported a fall in sales at established restaurants across all regions in August, the fifth such monthly drop since CEO Don Thompson took the helm in July 2012.
OAK BROOK, Ill.— McDonald's said Tuesday that a key global sales figure fell 3.7 percent in August, driven lower as the world's biggest hamburger chain's unit that includes the Asia-Pacific region dropped 14.5 percent due to a food-safety scandal in China.
NEW YORK, Sept 9- Apple Inc is firmly in focus on Tuesday, going into a "special event" at its headquarters, where the tech giant will likely unveil the latest versions of its popular iPhone line. Investors are looking for Apple to debut a smartwatch.
Sept 8- General Mills Inc, the maker of Cheerios cereal and Betty Crocker cake mixes, said it would acquire organic food producer Annie's Inc for about $820 million to expand its presence in the fast-growing U.S. natural foods market. General Mills's offer of $46 per share in cash represents a premium of about 37.3 percent to Annie's Inc's Monday closing.
Sept 8- General Mills Inc, the maker of Cheerios cereal and Betty Crocker baking products, said it would acquire organic food producer Annie's Inc for about $820 million. General Mills's offer of $46 per Annie's share in cash represents a premium of about 37.3 percent to the stock's Monday closing.
General Mills will acquire organic food producer Annie's for about $820M in cash as it works to boost its presence in the natural food space.
How do restaurants expand? They build their existing business or buy growth. Here are a number of concepts that restaurants are betting on.
Steve Sather, El Pollo Loco CEO, discusses where the restaurant is hiring right now, and its unique positioning in the fast casual restaurant industry.
RUSSIAN ANTIMONOPOLY SERVICE SAYS STARTS INVESTIGATING TOP POULTRY PRODUCERS DUE TO REPORTS OF RETAIL PRICE HIKE.
NICOSIA, Sept 4- The European Union's trade chief said on Thursday the bloc was considering compensating European food producers hit by trade restrictions that Russia has imposed in retaliation for EU sanctions over the Ukraine crisis.
The International House of Pancakes, or IHOP, is now offering new waffle flavors, including blueberry cheesecake, for a limited time. DineEquity Chairman and CEO Julia Stewart, discusses how her company stays in front of the consumer.
Opponents of mandatory labeling for foods made with genetically modified organisms spent roughly three times their spending in all of 2013.
CNBC's Jane Wells reports the line for the first stand alone traditional Dunkin' Donuts store in 12 years in Southern California went down the block in the dark Tuesday morning.
LONDON, Sept. 2- Burger King may have taken a lot of flack in the past week for a deal that should curb its U.S. tax bill but in many ways it is consistent with the burger chain's aggressive tax-reduction strategies in recent years. They say it will allow Burger King to avoid paying some U.S. taxes.