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Food and Staples Retailing

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  • PORTLAND, Maine— After eyeing a piece of haddock on the supermarket counter, a customer scans a code and finds out the fish was caught in the waters of Georges Bank and learns the name of the fishing boat— and maybe even sees a picture of the smiling, rain-slickened fisherman who reeled it in. Welcome to the future of buying New England seafood. In an era when many...

  • CHICAGO, May 22- Wal-Mart Stores Inc is pressing meat, seafood, dairy and egg suppliers to reduce the use of antibiotics, becoming the first large retailer to take such a public stand against the excessive use of drugs in raising farm animals. Wal-Mart, the country's biggest food retailer, is also telling suppliers not to raise animals in gestation crates or in...

  • CHICAGO, May 22- The world's largest corn processor, Archer Daniels Midland Co, is shifting focus from its long-standing cash generator ethanol into developing new food ingredients as the biofuel boom that underpinned its financial success has cooled. "Coming up with new products is really what keeps us up at night," said Chris Cuddy, president of corn processing.

  • Wal-Mart urges meat suppliers to curb antibiotic use Friday, 22 May 2015 | 1:42 PM ET

    CHICAGO, May 22- Wal-Mart Stores Inc is pressing meat, seafood, dairy and egg suppliers to reduce the use of antibiotics, becoming the first large retailer to take a stand against the excessive use of drugs in raising farm animals. Wal-Mart, the country's biggest food retailer, is also telling suppliers not to raise animals in gestation crates or in other...

  • France cracks down on food waste by supermarkets Friday, 22 May 2015 | 6:07 AM ET

    PARIS— France's parliament has voted to forbid big supermarkets from destroying unsold food, encouraging them to donate to charities or farms instead, as part of a national campaign against food waste. The amendment approved by the National Assembly, the lower house of Parliament, late Thursday is part of a larger environmental bill. The overall bill will go to a...

  • *Deal values Omnicare at $12.7 bln, including $2.3 B debt. May 21- Drugstore operator CVS Health Corp said Thursday it will spend $10.1 billion to buy Omnicare Inc, a company that supplies prescription medicines to nursing, assisted living and other healthcare facilities. They could renegotiate their supply contracts given the volume, "said FBR analyst Steven...

  • The price of eggs is surging: Here's why Wednesday, 20 May 2015 | 10:44 AM ET
    Eggs

    Egg prices have surged higher as the death of millions of hens from bird flu is beginning to tighten supplies.

  • CHICAGO, May 14- Wholesale U.S. choice-grade beef hit an all-time high on Thursday, spurred by supermarkets stocking up on tight supplies for the May 25 Memorial Day holiday, the kickoff of the summer grilling season, traders and analysts said. Thursday morning's wholesale price for choice beef hit $264.52 per hundredweight, topping the previous record of...

  • Hungover? Pedialyte wants your business Wednesday, 13 May 2015 | 2:51 PM ET
    Pedialyte a hangover cure? The company increases its focus on adult consumers.

    Pedialyte is going after a new market, and they don't have a bedtime...

  • BRUSSELS, May 12- Supermarket groups Ahold and Delhaize are in merger talks to create a top 20 global retailer with a major presence in the United States, the two firms said on Tuesday, confirming recent media reports. The company will communicate material updates, if any, in accordance with regulatory requirements, "both Ahold and Delhaize said.

  • JOHANNESBURG, May 11- Botswana grocer Choppies plans to raise $48 million in a secondary listing on the Johannesburg bourse, it said on Monday, seeking to boost its profile among investors in Africa's largest and most liquid stock market. Under the offering to selected institutional investors in South Africa and Botswana, Choppies will sell 117.4 million new...

  • Craft beer bubble? No way: Boston Beer co-founder Thursday, 7 May 2015 | 6:22 PM ET
    Samuel Adams brewer and founder Jim Koch listens to small business owners during a speed coaching session at the Boston Beer Company small business loan and business-coaching program in Denver.

    The craft beer industry is booming, but Boston Beer co-founder and brewer Jim Koch said Thursday there is still much more room to grow.

  • CARACAS, May 6- Venezuela is investigating whether drug companies including Germany's Merck KGaA and Bayer AG have improperly profited from subsidized foreign exchange amid growing medicine shortages, the country's health minister said. Those firms have received a favorable exchange rate through Venezuela's currency controls to produce or import...

  • Koreans become stars by live-streaming dinner Tuesday, 5 May 2015 | 3:23 AM ET
    Woman eating at a restaurant in a local fishing village in Sokcho, South Korea.

    What happens when you combine the power of live online broadcasting with extreme-eating contests like those depicted on television show "Man v. Food"?

  • It's finals! What college kids are pigging out on Friday, 1 May 2015 | 2:00 PM ET
    Woman accepting pizza delivery

    Food deliveries spike during the last week of studying before the end of the semester.

  • May 1- CVS Health Corp reported higher-than-expected quarterly results on Friday, helped by increased revenue from its specialty pharmacy services and increased claim processing. CVS, the No. 2 U.S. drugstore operator, also raised the low end of its 2015 profit forecast to $5.08 a share from $5.05 before special items, while keeping the high end at 5.19.

  • European shares extend fall amid mixed earnings Wednesday, 29 Apr 2015 | 3:55 AM ET

    *Weak numbers hit BBVA, BAT, Delhaize. LONDON, April 29- European shares gave away early gains to trade slightly lower on Wednesday as investors digested a batch of mixed corporate results from bank BBVA and UK retailer Next, among others. Yet the early rise quickly fizzled out, with BBVA, British American Tobacco and Belgian supermarket group Delhaize among the...

  • Sainsbury's rejects Egypt legal case against CEO Coupe Wednesday, 29 Apr 2015 | 2:34 AM ET

    LONDON, April 29- British supermarket operator Sainsbury's on Wednesday rejected any allegations against its chief executive after the Times newspaper reported that Mike Coupe had been sentenced in absentia to two years in an Egyptian jail. "We are aware of media coverage today outlining a legal case in Egypt brought against our chief executive, Mike Coupe,"...

  • April 27- AB Acquisition LLC, the holding company that owns Safeway Inc, has hired IPO bankers to plan an initial public offering for the grocery store chain later this year, CNBC reported, citing sources with knowledge of the matter. AB Acquisition is controlled by private equity firm Cerberus Capital Management, Kimco Realty Corp, Klaff Realty, Lubert-Adler...

  • Coke turnaround plan beginning to bear fruit: CEO Friday, 24 Apr 2015 | 11:47 AM ET
    Muhtar Kent, chief executive officer of Coca-Cola Co.

    Coca-Cola has much work to do to turn around its business, but Q1 results show it is on the right track, CEO Muhtar Kent tells CNBC.