MEMPHIS, Tenn.— Cargill will close its corn milling plant in Memphis, Tennessee early next year, citing its location outside of the corn belt and underutilization. The milling plant has about 440 workers, with 120 of those being contract employees. In July Cargill announced plans to close a Milwaukee beef-processing plant due to a cattle shortage.» Read More
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.
But don't expect James Beach to stop using the Knee Defender, a $22 gadget that attaches to a passenger's tray table and prevents the person in front from reclining. The argument became so tense that the pilots of the Aug. 24 fight diverted the Boeing 737 to Chicago. CVS Caremark said it will now be known as CVS Health, effective immediately.
NEW YORK— Behind those Big Macs and Whoppers is a hidden drama over corporate control. The fast-food industry is underpinned by an often tense relationship between companies like McDonald's and Burger King and the franchisees who run their restaurants.
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.
Hormel has created a custom motorcycle that runs on 100 percent refined bacon grease.
Kraft blamed the recall on a supplier not storing an ingredient in accordance with Kraft's temperature standards.
A motorcycle powered completely by bacon, with CNBC's Jane Wells, and bacon biker Eric Pierson.
MEXICO CITY, Aug 29- Mexican bread maker Grupo Bimbo, the world's largest baker and maker of Entenmann's cakes and Oroweat bread among other brands, said on Friday it is planning to sell new shares in Mexico and abroad, marking its first foreign listing.