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  • NEW YORK/ SINGAPORE, Dec 16- Olam International Ltd will buy Archer Daniels Midland Co's cocoa business for $1.3 billion, catapulting the Singapore- based commodities firm into the top tier of global suppliers to the growing chocolate business. The deal would be Olam's biggest ever and mark a dramatic turnaround after an attack two years ago on its acquisition...

  • Restaurateur who moved Mexican food to masses dies Tuesday, 16 Dec 2014 | 1:26 AM ET

    LOS ANGELES— Larry J. Cano once said it was not his love of food so much as it was the way he was treated in a Mexican restaurant during a visit to his father's homeland that led him to help popularize Mexican food in the United States. He had been managing a Polynesian restaurant in Los Angeles in 1954 when the owner died and his widow asked Cano if he wanted to take the...

  • Snack wars: Would you eat a chip made from beans? Monday, 15 Dec 2014 | 10:03 AM ET

    Salty snacks are a $16 billion business, but Americans are increasingly looking for something healthier. Like beans.

  • Chips made from beans  Monday, 15 Dec 2014 | 8:43 AM ET

    CNBC's Jane Wells reports it costs a lot more to make chips from beans than it does from corn or potatoes, but Beanitos is heating up the snack wars.

  • Pricey lobsters & worn out cows  Monday, 15 Dec 2014 | 8:40 AM ET

    Fisherman expect this year's lobster supply to drop significantly, and Japan says cows are tired out causing a butter shortage, with "Squawk Box."

  • Dec 15- Bob Evans Farms Inc said Chief Executive Steve Davis has resigned by mutual agreement effective immediately as its board steps up efforts to revamp the restaurant and packaged food company following a proxy fight. Bob Evans's recent performance under Davis has failed to meet the expectations of the board, the Wall Street Journal reported, quoting...

  • Bob Evans CEO Steve Davis steps down Monday, 15 Dec 2014 | 12:36 AM ET

    Dec 15- Restaurant and packaged food company Bob Evans Farms Inc said Steve Davis stepped down as chief executive effective immediately and established an interim office of the CEO until a replacement is found. The company named two top executives, Mark Hood and Mike Townsley, to fill the office of the CEO. Davis, who has been CEO for the last 8 years, will remain with...

  • The allegations against Wang Zongnan relate to his time at state-owned companies Shanghai Friendship Group and Lianhua Supermarket Holdings Co Ltd.. Wang was general manager at Shanghai Friendship Group and then at Lianhua Supermarket before becoming chairman at Bright Food in 2006 until his resignation for health reasons in 2013..

  • Guac fans! Stock up on avocados before prices hike Thursday, 11 Dec 2014 | 6:31 PM ET
    Avacados

    The confluence of many bad events will cause an avocado price spike and supply shortage in the coming months.

  • AMSTERDAM, Dec 11- U.S. food company Cargill said it still wanted to buy Nutreco, pushing shares in the Dutch nutrition company up more than 4 percent as investors reacted to the prospect of a bidding war with rival contender SHV. Nutreco said last month it preferred a 44.50 euro per share offer from SHV, a Dutch family-owned investment firm, to Cargill's 43.20 euro...

  • Dec 10- McDonald's Corp in January will cut eight food products and reduce the number of so-called Extra Value Meals on its U.S. menus in a bid to speed up service and bolster sales, Mike Andres, the company's U.S. president, said on Wednesday. McDonald's closely watched sales at established restaurants have not posted a gain in the United States since October 2013.

  • Dec 10- McDonald's Corp in January will cut eight food products and reduce the number of so-called Extra Value Meals on its U.S. menus in a bid to speed up service and bolster sales, Mike Andres, the company's U.S. president, said on Wednesday.

  • Dec 10- McDonald's Corp in January will cut eight food products and reduce the number of so-called Extra Value Meals on its U.S. menus in a bid to speed up service and bolster sales, Mike Andres, the company's U.S. president, said on Monday.

  • The move by districts in New York City, Los Angeles, Chicago, Dallas, Miami-Dade County and Orlando County is intended to protect children's health amid concerns about the rise of so-called "superbugs," bacteria that gain resistance to conventional medicines, school officials said. School officials are demanding the change after meeting with industry experts...

  • TOKYO, Dec 9- Japanese fast-food company Yoshinoya Holdings Co said on Tuesday it would raise the price of its signature beef bowl dish- long a symbol of the deflationary economy- for the first time in 24 years due to higher import costs. Yoshinoya, operator of the 115- year-old beef bowl chain, said it would raise the price of its regular-size "gyuudon" dish by 27...

  • NEW YORK, Dec 8- The S&P 500 posted its biggest daily percentage drop since Oct. 22 on Monday as oil's slump to a five-year low caused a selloff in energy shares. Data showed China's exports grew at a slower-than-expected pace and imports dropped in November, while Japan's economy shrank more than expected in the third quarter. Leading the decline, shares of Exxon...

  • NEW YORK, Dec 8- U.S. stocks declined on Monday, dragged lower by a big drop in energy shares and global growth concerns following soft data out of China and Japan. You're seeing some of these ripple effects today, "said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles, noting there also seems to be profit-taking as year's end...

  • Sweet! French Toast Crunch has returned Monday, 8 Dec 2014 | 1:08 PM ET
    General Mills' French Toast Crunch cereal.

    General Mills announced the return of the previously discontinued French Toast Crunch, a toast-shaped, maple-flavored cereal.

  • NEW YORK, Dec 8- U.S. stocks were little changed on Monday, as investors weighed the strength of the U.S. economy against global growth concerns following soft data out of China and Japan, while biotechs rose on merger activity. Major indexes opened slightly lower after data showed China's exports grew at a slower-than-expected pace and imports dropped 6.7...

  • Dec 8- McDonald's Corp on Monday reported a steeper-than-expected drop in global sales at established restaurants in November, hurt by weakness in the United States and Asia, and warned that such results would "significantly pressure" margins in the current quarter. November marked the sixth straight month of worldwide same-restaurant sales declines at...