GO
Loading...

Food Products

More

  • GLOBAL MARKETS-Wall St, dollar slip on U.S. growth worries Wednesday, 25 Mar 2015 | 11:40 AM ET

    NEW YORK, March 25- Wall Street stocks and the dollar slipped on Wednesday as government data signaled the U.S. economic expansion was slowing, while gains in the euro prompted a pullback in European stock markets. A modest lift at the opening bell for U.S. stocks on news of a deal between Kraft Foods and Heinz Co to create North America's third-largest food company...

  • US STOCKS-Wall St off in choppy trading after soft data Wednesday, 25 Mar 2015 | 11:30 AM ET

    *Kraft up 42 pct, Kofax adds 46 pct after separate deal news. NEW YORK, March 25- U.S. stocks fell in choppy, tight-range trading on Wednesday, with indexes reacting to moves in currency markets and to a gauge of industrial orders that unexpectedly fell last month. "The dollar strength can sap earnings growth, but if you continue to see soft economic data here, a...

  • Heinz Co, owned by 3 G Capital and Warren Buffett's Berkshire Hathaway Inc, is acquiring a majority stake in Kraft Foods Group Inc to create the third-largest North American food company, executives said on Wednesday. Shares of Kraft were up more than 38 percent near $85 in morning trading. The deal would provide Heinz with access to Kraft brands, which it says are...

  • *Kraft up 27 pct, Kofax adds 45 pct after separate deal news. *Kofax Ltd rallied 45 percent premarket after Lexmark International, known for its printers, said it would buy Kofax in a deal of about $1 billion. Lexmark shares jumped 7.9 percent.

  • March 25- Kraft Foods Group Inc, the maker of Velveeta cheese and Oscar Mayer meats, will merge with ketchup maker H.J. Heinz Co, owned by 3 G Capital and Berkshire Hathaway Inc, to form North America's third-largest food and beverage company. Brazilian private equity firm 3 G Capital and Warren Buffett's Berkshire Hathaway acquired Heinz for $23.2 billion in...

  • March 25- Kraft Foods Group Inc, the maker of Velveeta cheese and Oscar Mayer meats, will merge with ketchup maker H.J. Heinz Co, owned by 3 G Capital and Berkshire Hathaway Inc, to form the world's fifth-largest food and beverage company. The combined company will have eight brands worth more than $1 billion each and five worth $500 million- $1 billion each, the...

  • Kraft Foods to merge with ketchup maker Heinz Wednesday, 25 Mar 2015 | 6:09 AM ET

    March 25- Kraft Foods Group Inc said it would merge with ketchup maker H.J. Heinz Co, owned by 3 G Capital and Warren Buffett's Berkshire Hathaway Inc, to form the third-largest food and beverage company in North America. Kraft shareholders will receive stock in the combined company and a special cash dividend of $16.50 per share, which will be funded by Berkshire...

  • WASHINGTON— Inspired by the popular " USDA organic" label, House Republicans are proposing a new government certification for foods free of genetically modified ingredients. Under the legislation, the Agriculture Department would oversee the certification, as it does with organics. But while organic foods must be USDA- certified to carry any organic label on a...

  • AP Investigation: Is the fish you buy caught by slaves? Wednesday, 25 Mar 2015 | 1:12 AM ET

    BENJINA, Indonesia— The Burmese slaves sat on the floor and stared through the rusty bars of their locked cage, hidden on a tiny tropical island thousands of miles from home. The men the AP interviewed on Benjina were mostly from Myanmar, also known as Burma, one of the poorest countries in the world. They were brought to Indonesia through Thailand and forced to fish.

  • AP Investigation: Are slaves catching the fish you buy? Wednesday, 25 Mar 2015 | 12:37 AM ET

    BENJINA, Indonesia— The Burmese slaves sat on the floor and stared through the rusty bars of their locked cage, hidden on a tiny tropical island thousands of miles from home. The men the AP interviewed on Benjina were mostly from Myanmar, also known as Burma, one of the poorest countries in the world. They were brought to Indonesia through Thailand and forced to fish.

  • March 24- Kraft Foods Group Inc, maker of Velveeta cheese and Oscar Mayer meats, is in talks to be acquired by Brazilian private equity firm 3 G Capital, a source familiar with the matter told Reuters on Tuesday. 3 G teamed up with Warren Buffett's Berkshire Hathaway Inc to acquire Ketchup maker H.J. The Wall Street Journal first reported on the possible deal and said...

  • BENJINA, Indonesia— The Burmese slaves sat on the floor and stared through the rusty bars of their locked cage, hidden on a tiny tropical island thousands of miles from home. They were brought to Indonesia through Thailand and forced to fish. Tainted fish can wind up in the supply chains of some of America's major grocery stores, such as Kroger, Albertsons and...

  • BENJINA, Indonesia— The Burmese slaves sat on the floor and stared through the rusty bars of their locked cage, hidden on a tiny tropical island thousands of miles from home. The men the AP interviewed on Benjina were mostly from Myanmar, also known as Burma, one of the poorest countries in the world. They were brought to Indonesia through Thailand and forced to fish.

  • March 24- Private equity firm 3 G Capital is in talks to acquire Kraft Foods Group Inc, a source familiar with the matter told Reuters on Tuesday. Based on Tuesday's close at $61.32, Kraft had a market capitalization of $36.06 billion. The company had 588.13 million shares outstanding as of March 2, according to Thomson Reuters data.

  • Nestle's recipe to cope with lower food prices   Tuesday, 24 Mar 2015 | 7:44 PM ET

    Peter Brabeck-Letmathe, chairman of Nestle, discusses the impact from global food prices hovering near 5-year lows and outlines what could derail its sales forecast for 2015.

  • Amy's Kitchen recalls spinach over listeria fears Tuesday, 24 Mar 2015 | 5:16 PM ET
    Amy's Kitchen

    Amy's Kitchen has recalled about 74,000 cases of frozen and prepackaged products containing spinach over listeria concerns.

  • AUGUSTA, Maine— More than 9,000 Maine residents have been removed from the state's food stamp program since Republican Gov. That number has dropped to 2,680 this month, David Sorensen, spokesman for the Department of Health and Services, told The Associated Press. "Northern Washington County really has never come out of the recession, so there aren't economic...

  • Organic food company Amy's Kitchen has voluntarily recalled about 74,000 cases of frozen and prepackaged products containing spinach. The company reports it has not had any complaints of illnesses from the products being recalled in the United States and Canada. The 12- ounce product was sold in the frozen food department of the company's 85 stores in New...

  • Prosecutors demand 5-year sentence for horse meat fraud Tuesday, 24 Mar 2015 | 12:37 PM ET

    THE HAGUE, Netherlands— Prosecutors are seeking a five-year prison sentence for the owner of a Dutch meat processing plant who is accused of selling horse meat as beef. At a trial Tuesday in the city of Den Bosch, prosecutors accused Willy Selten of mixing horse meat with beef "on a large scale" in 2011 and 2012. His company was investigated in 2013 as a scandal...

  • CHICAGO, March 23- The U.S. government is developing a vaccine to protect poultry from new strains of avian flu that have recently killed birds from Arkansas to Washington state. In response to the cases, key overseas buyers have limited imports of U.S. poultry, and the world's biggest poultry producers, including Tyson Foods Inc and Sanderson Farms Inc, have...