SAO PAULO, Dec 17- Brazilian billionaire Abilio Diniz agreed to buy a 10 percent stake in Carrefour SA's Brazilian unit, a source with direct knowledge of the situation said on Wednesday, potentially strengthening its ability to take on the supermarket chain Diniz's father founded. Under terms of the deal, Diniz, whose Peninsula Participações holding...» Read More
The IPO of Pinnacle Foods priced at $20 a share, at the high end of the range. One trader said the stock could pop on its debut Thursday amid expectations of a "hefty dividend."
Belgian chocolate makers believe their renowned pralines should have similar protection to that enjoyed by French champagne or Italy's Parma ham.
Furniture retailer IKEA's Swedish meatballs are returning to the menu after last month's horse meat scare, with new supply chain controls "from farm to fork," the company's head of foods said.
CNBC's Jane Wells explain why some people are optimistic about the return of "normal" crop prices this year.
Sally Smith, President and CEO of Buffalo Wild Wings, explains how her company plans to cash in on the NCAA playoffs.
McDonald's is adding a permanent new offering to its menu: Chicken McWraps. And yes, there's bacon.
The New Mexico company, Valley Meat, drew complaints over a two-year period from federal inspectors and state regulators over its disposal of remains when it processed cattle for beef. The New York Times reports.
Improved weather is projected to result in a successful growing year, which could reduce the pressure on grain, livestock feed and consumer prices.
A new survey on corporate health benefits draws a picture of a world where companies go beyond building gyms and banning smoking, to rewarding employees for lowering their cholesterol and being monitored by a "primary nurse case manager."
Workers at Chivas Brothers plant in Scotland have accidentally flushed thousands of gallons of the company's Scotch down the drain.
The USDA is likely to approve a horse slaughtering plant in New Mexico in the next two months, which would allow equine meat suitable for human consumption to be produced in the United States for the first time since 2007. The NY Times reports.
Patrick Coveney, CEO of Greencore, says to win back consumer confidence after the horse meat scandal, common standards have to be set for the food supply chain.
A new report sheds light on this dirty secret of the food industry: Cheap fish is widely passed off as more expensive varieties.
ConAgra Foods is raising its earnings forecast to account for its $5 billion acquisition of food maker Ralcorp and better-than-expected results from its consumer foods and commercial foods segments.
Farmland values in the U.S. Plains states jumped more than 20 percent in the fourth quarter from a year earlier.
The surprise deal that saw Berkshire Hathaway and 3G Capital Management swoop in this with a $28 billion bid for ketchup maker H.J. Heinz came with an interesting wrinkle that links two burger giants.
Just take a look at his portfolio to find out. CNBC's Chloe Cho and Deirdre Wang-Morris discuss the wizard of Omaha's food-related stocks in light of his recent purchase of ketchup maker Heinz.
H.J. Heinz confirmed Thursday that it agreed to be acquired by Berkshire Hathaway and 3G for $28 billion.
Discoveries so far of horsemeat in products sold as beef are likely to be the "tip of the iceberg", a British parliamentary report into the scandal said on Thursday.
In tough times poverty stricken rural Romanian farm owners sell their old workhorses to slaughterhouses to make a little extra cash, and begin a process whereby horsemeat winds up on the dinner table.