GOLDEN VALLEY, Minn.— General Mills Inc. plans to eliminate 700 to 800 jobs as part of its cost-cutting plan to fight declining sales. General Mills says the job cuts will primarily be in the U.S. The Star Tribune says the job cuts are expected to be completed by spring and will save $125 million to $150 million annually.» Read More
April 9- Confectionary company Mars Inc said it would buy Procter& Gamble Co's pet food brands IAMS, Eukanuba and Natura in the United States and Latin America for $2.9 billion to beef up its pet food business.
April 9- Confectionary company Mars Inc said it will buy Procter& Gamble Co's pet food brands Iams, Eukanuba and Natura for $2.9 billion in major markets to beef up its pet food business. Mars will buy the rights to the three brands in North America, Latin America and other regions excluding Europe.
You might have thought you were imagining it, but it's true - your favorite chocolate bar really has shrunk in size, due in part, to higher food prices. CNBC's Catherine Boyle reports on 'shrinkflation'.
In a new measure, food companies will be asked to label their products as "blend" if sweeteners are added to honey, in an effort to regulate food.
Only manufactures that do not add sugar, corn syrup or other sweeteners should label their products as pure "honey," the FDA said in draft guidelines posted online. But just 149 million pounds were produced in the United States last year, U.S. Department of Agriculture data showed.
The "Squawk on the Street" news team discuss the Amazon Dash, a wand-like device it is testing with select "Amazon Fresh" customers to link them directly to shopper accounts.
*Chicago Board of Trade wheat for May delivery was up 1-3/ 4 cents at $6.71-1/ 2 a bushel by 0044 GMT. Soybeans were nearly flat at $14.74. *China has still not approved a gene-modified strain of corn known as MIR162, prolonging a ban that has seen nearly 1 million tonnes of the U.S. grain turned away from Chinese ports since November.
As fans brown bag it in honor of National PB&J Day, it turns out the childhood staple isn't quite the bargain it used to be.
Economists are expecting grocery prices to rise in 2014 and as CNBC's Allison Linn reports, that could lead to sticker shock especially in the meat aisle.
Ever do a double take when the person in front of you asks for a McDonald's Monster Mac or Chipotle Quesarito? Check out these not-so-secret menu items.
Darden Restaurants' earnings matched lowered estimates. Stephen Anderson, Miller Tabak senior restaurant analyst, discusses what might happen with its weak Red Lobster business.
California's drought may leave nearly a million acres of idle land this year because of a lack of water, a report said on Friday.
The government is saying food prices saw the biggest monthly increase in nearly 2.5 years. CNBC's Jane Wells reports Dean Foods and Hershey are among the stocks with the most exposure to milk commodity prices.
Discussing top consumer product and food stock picks as companies navigate weather and higher costs, with David Palmer and Nik Modi of RBC Capital Markets.
CNBC's Courtney Reagan reports from the RBC Capital Markets Consumer and Retail conference on Petsmart's weather troubles, and Texas Roadhouse facing higher beef prices.
Food prices are expected to rises this year, but Tyson CEO Donnie Smith said it won't stop his firm from posting record earnings.
Discussing consumer behavior as meat prices rise, with Tyson Foods CEO Donnie Smith. "We're backing off on portion size," he explains.
Tyson Foods CEO Donnie Smith says meat demand is "still really good," but expects really high prices for beef and pork.
A UN report showed food prices jumped last month by the most in 1.5 years. CNBC's Sara Eisen discusses what's behind the rise in food costs.
CNBC's Sara Eisen discusses if soaring commodity prices means food costs will jump at the grocery store. The FMHR traders weigh in.