Food Products
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CARACAS, May 13- Venezuela's top food producer, Empresas Polar, on Monday challenged the country's socialist government to boost output of basic staples and ease nagging product shortages, rejecting accusations it is hoarding products to destabilize the economy.
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ST. LOUIS-- Cereal maker Post Holdings' fiscal second-quarter net income fell 59 percent as it paid more in interest and its prices dropped. For the period ended March 31, Post _ whose cereal brands include Honey Bunches of Oats and Grape-Nuts _ earned $4.3 million, or 13 cents per share. That compares with $10.5 million, or 30 cents per share, a year earlier.
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The protests in the Motor City- which is struggling to recover from the hollowing out of its auto manufacturing sector- marked an expansion in organized actions by fast-food workers from ubiquitous chains owned by McDonald's Corp, Burger King Worldwide and KFC, Taco Bell and Pizza Hut parent Yum Brands Inc..
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MONTPELIER, Vt.-- The Vermont House has approved legislation calling for labeling of food products containing genetically modified organisms. Thursday's vote came after the House spent most of the day debating a measure that will not see final action this year because the Senate lacks time to take it up.
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JAKARTA, May 10- The president of Indonesia, home to the world's third-largest tropical forests and a powerful palm oil industry, has agreed to extend a ban on forest clearing, a government official said on Friday.
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*Croatia four years in recession. DUBROVNIK, Croatia, May 10- The barren Srdj plateau overlooking the mediaeval city of Dubrovnik is a real estate developer's dream, offering breath-taking views of Croatia's top tourist destination.
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IRVING, Texas-- Darling International Inc.' s shares jumped 6 percent in after-hours trading Thursday after the food recycling company reported better-than-expected revenue. Darling said that it earned $32.4 million, or 27 cents per share, for the quarter that ended March 30.
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WESTLAKE VILLAGE, Calif.-- Dole Food Company Inc. said Thursday that it will buy back up to $200 million of its shares. Dole, based in Westlake Village, Calif., sells fruit and vegetables around the globe. Its shares jumped 50 cents, nearly 5 percent, to $10.93 per share on the news.
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Wrigley has temporarily halted the production of its Alert caffeinated gum as the FDA's investigates the safety of caffeine-added foods.
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After the deadly Bangladesh building collapse, some retailers are sharing information about how their products were made. The NYT reports.
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TORONTO, May 8- Tim Hortons Inc named a long-time Nestle executive as its new chief on Wednesday, a job that will be no easy task given drooping demand at the Canadian coffee and doughnut chain and a push by a U.S. hedge fund for better returns.
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Green Mountain announced it's extending its partnership with Starbucks and delivered earnings that topped expectations. GMCR shares jumped after-hours.
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*Wendy's Q1 restaurant sales fall short, loses ground on "value". May 8- McDonald's Corp, Wendy's Co and other U.S. restaurants are battling for the attention of frugal diners with coupons, limited time offers and other promotions- a fight that could intensify if the costs of chicken and other key ingredients remain less pricey than feared.
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Just a quarter of the corn crop normally planted by this time of year is in the ground, but this could still be a bumper crop if the weather cooperates.
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*Senate committee to debate immigation bill on Thursday. WASHINGTON, May 8- Foreign workers could gain visas for year-round work in U.S. meat processing plants under a proposal by the meat industry and the meatpackers union for immigration reform designed to create a steady supply of workers for slaughterhouses.
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TORONTO, May 8- Tim Hortons Inc named a long-time Nestle executive as its new chief executive on Wednesday, a job that comes with tall tasks given drooping demand at the Canadian coffee and donut chain and a U.S. hedge fund pushing for better returns.
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*Wendy's Q1 restaurant sales fall short, loses ground on "value". *Taco Bell promotes $1 food deals.
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*Europe same-restaurant sales fall 2.9 percent. May 8- McDonald's Corp's April sales at established restaurants declined slightly more than analysts had expected as it faced tougher times in Europe, Asia/Pacific, Middle East and Africa.
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SINGAPORE, May 8- Shares of Wilmar International Ltd rose as much as 3 percent in early trade on Wednesday after the Singapore palm oil firm posted a 23 percent rise in first-quarter net profit, largely due to a recovery in its oilseeds and grains segment.
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SE ASIA STOCKS-Malaysia up on post election rally; Thai SET index hits 1,600 STOCKS TO WATCH-- WILMAR INTERNATIONAL LTD. -Singapore palm oil firm Wilmar posted a net profit of $315.4 million in the first quarter, up 23.3 percent from a year earlier.