The world's biggest restaurant chain set a capital spending target of about $2 billion for this year as it looks to recover from a food scandal in China and fend off intense competition in the United States. In the United States, the company has been losing customers to fast-casual chains such as Chipotle Mexican Grill and Shake Shack Inc..» Read More
Summer Palace, a restaurant tucked inside one of the capital's most expensive hotels, offers the standard selection of Chinese delicacies: abalone, braised sea cucumber and imperial bird's nest soup, which sells for about 700 renminbi, or more than $100, a serving. Noticeably absent, however, is a mainstay of Chinese cuisine — shark fin soup. The NYT reports.
Beef is a delicacy in Bangladesh, but Hindu-majority India refuses to sell their sacred cows. The demand is so high, however, that a dangerous $920 million cow smuggling trade has popped up. CSM reports.
Last summer's drought has driven up the price of those Super Bowl party chicken wings. Chicken prices were up 6 percent in December, versus a year earlier - that's more than triple overall food prices.
The number of people seeking emergency treatment after consuming energy drinks has doubled nationwide during the past four years, the same period in which the supercharged drink industry has surged in popularity.
"The kiosk is the heart of the company," said Mark Rodriguez, Hickory Farms CEO, discusses the business of holiday gift-giving.
Retail executives, Tony Yurgaitis and George Malkemus, of Manolo Blahnik, discuss the outlook on luxury retail this holiday season and how they are fashioning a market for high-end dairy products.
CNBC's Kayla Tausche reports the latest details on possible suitors for Hostess Brands.
CNBC's Kayla Tausche reports on the last day for potential buyers to grab a seat at the Twinkie table.
Can eating too much sushi reduce your brain power? The GlobalPost reports.
A Texas-born quickie mart chain explodes across tropical Asia. The Global Post reports.
Susan Smith, Butterball Talk-Line expert, demonstrates how to master the turkey day menu.
CNBC's Courtney Reagan has the update on travel and transit backups resulting from damage left by Superstorm Sandy, and a look at the growing problem of food shortages in New York and New Jersey, with CNBC's Jackie DeAngelis.
Multinational food and beverage companies have jumped into the fast-growing organic foods markets through strategic acquisition.
World food prices rose in September and are seen remaining close to levels reached during the 2008 food crisis, the United Nations' food agency said on Thursday, while cutting its forecast for global cereal output.
Food manufacturer Kraft’s spinoff company Mondelez expects growing demand for snacks in the developing world to be pivotal to the company’s success.
Stan Ryan, Vice President at Cargill Corporate says that with markets more open now, there is less chances for a repeat of the 2008 food crisis. He explains more.
By December, the average poultry producer is probably going to lose about 5 to 10 cents a pound thanks to the summer's record corn prices, according to Heather Jones of BB&T Capital.
A look at which snack and beverage companies are set to profit from this season's NFL games, with Bill Schmitz, Deutsche Bank senior analyst; and Jonathan Feeney Janney Montgomery Scott analyst.
The world’s second-largest wheat, corn and sugar trader tells CNBC that while agricultural prices will remain high the rest of the year, the world isn't going to experience a renewed food crisis.