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  • April 22- Food distributor Sysco Corp said it had filed a memorandum opposing the U.S. Federal Trade Commission's efforts to block its proposed merger with smaller rival U.S. Foods Inc.. Sysco said it filed the memorandum on Tuesday in the U.S. Federal District Court for the District of Columbia, opposing the FTC's motion for preliminary injunction against the...

  • US STOCKS-Futures fall with eyes on earnings, dollar Wednesday, 22 Apr 2015 | 7:43 AM ET

    *EMC Corp dropped 2.2 percent to $25.75 as the data storage equipment maker cut its full-year forecast, citing the strong dollar. *Yahoo shares were up 1.3 percent at $45.07 after the company said it had hired advisers to determine the "most promising opportunities" for its stake in Yahoo Japan. *Broadcom rose 6.4 percent to $46.80 after the wireless chip maker...

  • Tesco gives more detail on supplier deals after scandal Wednesday, 22 Apr 2015 | 4:55 AM ET

    LONDON, April 22- Tesco provided more information about how it accounts for relationships with suppliers on Wednesday after an accounting scandal that contributed to an annual loss of 6.4 billion pounds. Britain's biggest retailer announced last year it had overstated profits by 263 million pounds due to booking deals with suppliers too early, prompting a...

  • With bird flu spreading, USDA starts on potential vaccine Wednesday, 22 Apr 2015 | 1:17 AM ET

    MINNEAPOLIS— As losses to poultry producers continue to climb from a deadly strain of bird flu, the U.S. Department of Agriculture is working on a potential vaccine in response to the current outbreak. The USDA would then provide that seed strain to drug manufacturers if the agency ultimately decides the vaccine is necessary to stop avian influenza.

  • BANGKOK, April 22- Thailand's agriculture minister said on Wednesday he had confidence in measures designed to combat illegal fishing after the European Union gave the country six months to clean up its act. The European Commission, the executive body of the European Union, put Thailand on formal notice on Tuesday for not taking sufficient measures in the...

  • Up to now, the USDA has said it would prefer not to allow farmers to vaccinate their flocks, as doing so could prompt wider import bans on U.S. poultry and eggs in the $5.7 billion export market. The USDA has been working to develop a vaccine that would protect chickens and turkeys from this highly contagious strain of flu. The outbreak has dragged on longer than...

  • BANGKOK, April 22- Thailand's agriculture minister said on Wednesday he had confidence in measures designed to combat illegal fishing after the European Union gave the country six months to clean up its act. The European Commission, the executive body of the European Union, put Thailand on formal notice on Tuesday for not taking sufficient measures in the...

  • April 21- Chipotle Mexican Grill Inc expects the removal of pork from one-third of its restaurants to hurt sales this year, the burrito chain said, after reporting the slowest same-restaurant sales growth in five quarters. "We think our pork shortage is currently impacting our sales by as much as 200 basis points," Chief Financial Officer Jack Hartung said on a...

  • April 21- Yum Brands Inc, owner of KFC and Pizza Hut chains, on Tuesday said business in its biggest market China is recovering from a meat scare at one of its minor suppliers and that the division would finish the year strong. Yum is making "continued progress" in China, Chief Executive Greg Creed said in a statement. "We will deliver full-year EPS growth of at least 10...

  • April 21- Chipotle Mexican Grill Inc reported the slowest growth in quarterly same-restaurant sales in more than a year, hurt by the removal of pork products from some of its restaurants. The company's net income rose to $122.6 million, or $3.88 per share, from $83.1 million, or $2.64 per share, a year earlier. Analysts on average had expected a profit of $3.66 per...

  • Chipotle reports lower-than-expected quarterly sales Tuesday, 21 Apr 2015 | 4:21 PM ET

    April 21- Chipotle Mexican Grill Inc reported lower-than-expected quarterly sales, hurt by the removal of pork products from some of its restaurants as well as price increases. Chipotle's net income rose to $122.6 million, or $3.88 per share, from $83.1 million, or $2.64 per share, a year earlier. Revenue rose 20.4 percent to $1.09 billion, but fell short of average...

  • Yum's China restaurant sales drop less than expected Tuesday, 21 Apr 2015 | 4:19 PM ET

    April 21- Yum Brands Inc, owner of KFC and Pizza Hut, said on Tuesday that sales at established restaurants in its biggest market China fell less than expected for the first quarter as it works to recover from a food scandal involving a minor supplier. Same-restaurant sales in China, Yum's No. 1 market for revenue and profit, declined 12 percent for the latest quarter...

  • CHICAGO, April 21- The spread of a deadly strain of bird flu into an Iowa egg farm accelerated market concerns over how big of a bite the current outbreak could take from the United States' egg and poultry businesses, sending shares of several leading meat companies' down on Tuesday. Minnesota, the largest turkey-producing state in the country, has been the hardest...

  • *Global nutraceutical market seen at $280 bln by 2018. LONDON, April 21- A boom in "nutraceuticals"- food and drinks with potential health benefits- is paving the way for a rush of deals, as food and drug companies compete to dominate a market expected to be worth $280 billion by 2018.. "The space is ripe for M&A and I think you are going to see more," added Jeremy Johnson,...

  • Kraft Mac & Cheese shedding the dyes Monday, 20 Apr 2015 | 12:35 PM ET

    NEW YORK— This is the last year that the original version of Kraft Mac& Cheese sold in the U.S. will contain artificial preservatives or synthetic colors. In January, Kraft says its macaroni and cheese will be colored using paprika, annatto and turmeric. A Change.org petition begun in March 2013 by food activist Vani Hari, who blogs as the "Food Babe," asked Kraft to...

  • UK fish sticks maker taken over for $2.8 billion Monday, 20 Apr 2015 | 11:36 AM ET

    LONDON— Nomad Holdings Ltd. has agreed to buy Iglo Foods Holding Ltd., the frozen food company that introduced fish sticks to Britain in the 1950 s, for 2.6 billion euros. Based in Britain, Iglo Group sells products, including fish fingers, in 12 European countries under brands such as Birds Eye and Findus. Nomad was formed last year by investors Noam Gottesman and...

  • April 20- Nomad Holdings Ltd said it would buy Iglo Foods Holdings Ltd, Europe's biggest frozen foods business and the company behind the Birds Eye brand, for about 2.6 billion euros from a company backed by private equity group Permira. Nomad Holdings was founded by Noam Gottesman and Martin Franklin. Nomad Holdings said it plans to change its name to Nomad Foods...

  • April 20- Nomad Holdings Ltd said it would buy Iglo Foods Holdings Ltd, Europe's biggest frozen foods business and the company behind the Birds Eye brand, for about 2.6 billion euros from a company backed by private equity group Permira.

  • The 'big macro trend' that impacts Cargill   Sunday, 19 Apr 2015 | 8:36 PM ET
    The 'big macro trend' that impacts Cargill

    Speaking to CNBC at the World Economic Forum on East Asia in Jakarta, Alan Willits, Asia Pacific chairman of Cargill, outlines the factors that drive its business worldwide.

  • No. 1 egg-producing state aims to keep bird flu out Friday, 17 Apr 2015 | 5:22 PM ET

    DES MOINES, Iowa— The discovery of bird flu on an Iowa turkey farm has raised serious concerns that the poultry-killing virus could find its way into chicken barns in the nation's top egg-producing state and rapidly decimate flocks that provide the U.S. with its breakfast staple. Iowa is home to roughly 50 million hens that lay nearly one in every five eggs...