Kraft blamed the recall on a supplier not storing an ingredient in accordance with Kraft's temperature standards.» Read More
Despite rising coffee prices, Starbucks CEO Howard Schultz told CNBC on Wednesday he does not plan to raise prices at its retail stores.
WASHINGTON, March 18- If anyone should find it odd that a Japanese distillery was planning to merge with a U.S. bourbon brand steeped in the history of the American South, the answer could be found on a cocktail menu. Prices for bourbon, a type of whiskey distilled from at least 51 percent corn, have risen faster than inflation in the United States for years.
Diageo is lobbying Tennessee legislators to ease the state's whiskey laws so other distillers can experiment with new techniques, WSJ reported.
Few American businesses last a decade let alone 160 years. How did McSorley's Old Ale House do it?
The Brewers Association reports craft brewers saw an 18 percent rise in volume last year and a 20 percent increase in retail dollar value.
YouGov's BrandIndex, which measures daily brand perception among consumers, released its annual ranking of the best perceived beers among consumers.
The quintessential Irish pour, Guinness, says it will not be part of the landmark St. Patrick's Day, the parade through New York City City.
A co-founder of the frozen yogurt chain Pinkberry has been sentenced to seven years in prison for beating a homeless man with a tire iron.
Sandwich chain Quiznos filed for pre-packaged bankruptcy protection after struggling with high debt and stiff competition for years.
As California's drought hits winemakers, they've explored new—sometimes novel—ways to sell wine.
Starbucks said the mobile tipping option will be available on its update app for iPhones starting March 19. Tipping has never easier.
Bill Ackman, who is betting $1.16 billion that Herbalife is a fraud, spent $264,000 in 2013 on lobbyists to press his case against the company.
Cerberus struck a $9 billion-plus deal to buy grocery giant Safeway—a tie-up that should be a win for the consumer.
Whole Foods has implemented a policy where employees can look up anyone's salary or bonus from the previous year.
As high-end baijiu sales slump in China amid a crackdown on officials' spending, consumption of premium liquor in India is roaring ahead, says Diageo.
Techies are the new rock stars—or at least that's how some premium liquor brands see them.
Nelson Peltz is taking his bid to split up PepsiCo to its shareholders, the co-founder of Peltz's Trian Fund Management tells CNBC.
Argo Tea is trying to stay competitive against Starbucks' Teavana. Here's how the company is hoping to combat the coffee giant.
At a time when beer sales are slumping, Bud Light is finding success with its line of margarita-flavored malt beverages.
TGI Fridays, the global casual dining chain known for its red-striped canopies, is in advanced talks to sell itself to TriArtisan Capital Partners.
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