Food Products


  • NEW YORK, March 10- U.S. stocks edged modestly lower on Monday, and the S&P 500 held near record highs, as investors largely shrugged off unexpectedly weak data in China. "I don't think it's disruptive to the way people are looking at China as an economy that has lost some of its hyperbolic move and that is almost welcome."

  • March 10- McDonald's Corp on Monday reported a bigger-than-expected drop in comparable global sales for February, hurt again by slow business in the United States. McDonald's Chief Financial Officer Pete Bensen said in a press release that the unchanged global comparable sales so far this year "will pressure margins" in the first quarter.

  • NEW YORK, March 10- U.S. stocks were set to open slightly lower on Monday, on the heels of a record high for the S&P 500, following unexpectedly weak data in China which tempered enthusiasm over the strength of the global economy.

  • March 10- McDonald's Corp on Monday reported a bigger-than-expected drop in comparable global sales at established restaurants for February, hurt by competition and bad weather that battered U.S. sales. In Europe, which has edged out the United States as the company's biggest revenue market, restaurant sales last month rose 0.6 percent.

  • LONDON/ FRANKFURT, March 10- French food ingredient maker Diana Group has attracted bids worth more than 1.2 billion euros including debt from Germany's Symrise and Japan's Ajinomoto, sources familiar with the matter said on Monday.

  • DUBLIN, March 10- U.S. fruit firm Chiquita Brands and Irish rival Fyffes, Europe's largest distributor, have struck an all-stock merger deal to create the world's biggest banana supplier. The global banana market is controlled by four multinationals, according to the United Nations: Chiquita, Fresh Del Monte, Hawaii-founded Dole Food Company and Fyffes.

  • DUBLIN, March 10- U.S. fruit distributor Chiquita Brands International Inc is to buy Irish rival Fyffes Plc in an all-stock deal valued at $526 million to create the world's biggest banana supplier.

  • FRANKFURT, March 10- Diana Group, a French food ingredient maker owned by private equity firm Ardian, has attracted bids worth more than 1.2 billion euros including debt from Germany's Symrise and Japanese seasoning maker Ajinomoto, the Financial Times reported on Monday. Symrise and Ajinomoto declined to comment on the report.

  • CHICAGO, March 7- Hog futures at the Chicago Mercantile Exchange surged 6.5 percent this week on tightening U.S. supplies as a deadly pig virus sweeps the country, traders and industry sources said on Friday.

  • Food picks: WhiteWave & Mead Johnson     Friday, 7 Mar 2014 | 2:19 PM ET

    Which food stocks are attractive as food prices rise? John Baumgartner of Wells Fargo Securities has 2 picks.

  • Food costs surge YTD     Friday, 7 Mar 2014 | 2:18 PM ET

    Nicholas Colas, ConvergEX Group chief market strategist, predicts food inflation is here to stay for "at least the next 2-3 years."

  • The 'perfect bacon bowl'     Thursday, 6 Mar 2014 | 4:56 PM ET

    CNBC's Jane Wells met the man who invented the "Perfect Bacon Bowl." Creator Thom Jensen tells Jane when he expects to profit from the product.

  • The revised industry guidelines for handling pigs in Canada include more than 100 animal-care rules, including the phase-out by 2024 of stalls that continuously restrict sow movement, hog groups and the Canadian Federation of Humane Societies said on Thursday.

  • Over 2 million Perfect Bacon Bowls sold     Thursday, 6 Mar 2014 | 11:52 AM ET

    CNBC's Jane Wells reports retail bacon prices are up 18 percent in part due to the "bacon bowl" infomercial.

  • Fat profits for Bacon Bowl     Thursday, 6 Mar 2014 | 8:57 AM ET

    Can the Bacon Bowl actually turn bacon into a bowl? CNBC's Jane Wells put the product to the test.

  • KUALA LUMPUR, March 5- Palm oil futures are set to climb for a second year, driven by crop damaging dry weather and Indonesia's higher biodiesel mandate, although bumper global oilseed supplies and weak demand from key consumers could cap gains.

  • MOSCOW, March 4- Russia needs more guarantees on food safety from two U.S. pork packing plants in order to resume imports from the United States around March 10 as it had originally targeted, Russia's veterinary and phytosanitary watchdog said on Tuesday.

  • March 4- Warren Buffett is seeking to reassure shareholders about how his Berkshire Hathaway Inc will perform in the decades after he steps down or dies, but remains as vague as ever about succession plans. Jeff Immelt, the CEO at General Electric Co, has been unable to get his company's share price anywhere near the heights achieved by his predecessor Jack Welch.

  • March 3- The activist investor seeking to split Darden Restaurants Inc into two companies said on Monday it has lost confidence in its chief executive's ability to run the company.

  • March 3- Darden Restaurants Inc said it would proceed with its plan to spin off or sell its Red Lobster chain, rebuffing two activist investment firms that had urged the company to take other actions to boost results, including selling real estate.