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Food and Staples Retailing

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  • 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...

  • NEW YORK— Wal-Mart Stores Inc. will test a new unlimited shipping service for online shoppers this summer that will be priced below Amazon's $99 per year Prime service. Wal-Mart, the world's largest retailer, told The Associated Press on Wednesday that the shipping subscription service will cost customers $50 a year. Wal-Mart offers a grocery delivery and...

  • 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...

  • AMSTERDAM— Dutch retailer Royal Ahold NV, operator of the U.S. supermarket chains Stop& Shop and Giant, says it is in talks with Belgian counterpart Delhaize Group about a possible merger. Delhaize, which owns supermarkets throughout Belgium, also operates the Hannaford and Food Lion stores in the eastern United States. By early afternoon Tuesday, Delhaize was...

  • 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.

  • Pepsi to ditch aspartame in Diet Pepsi Friday, 24 Apr 2015 | 11:15 AM ET
    Pepsi cans

    Bowing to consumer demand to ditch aspartame, PepsiCo will debut Diet Pepsi free of the sweetener in the U.S. later this year.

  • A Cadbury chocolate bar with how many flavors? Thursday, 23 Apr 2015 | 12:02 PM ET
    The Cadbury Dairy Milk Spectacular 7

    Cadbury has invented a new chocolate bar called "Cadbury Dairy Milk Spectacular 7," a limited-edition bar that contains seven kinds of chocolate.

  • Wine investing—without the hefty price tag Wednesday, 22 Apr 2015 | 12:18 PM ET

    Fine wines may not be everyone’s taste, yet an expert says that it’s still a sector worth investing in – and you don’t have to be super-rich to do so.

  • Americans waste $2,200 worth of this every year ... Wednesday, 22 Apr 2015 | 11:05 AM ET
    Money down the drain

    Americans waste a staggering $165 billion worth of food every year, costing the average family up to $2,200.

  • Property writedown drags Tesco to worst ever loss Wednesday, 22 Apr 2015 | 2:12 AM ET

    LONDON, April 22- Britain's biggest retailer Tesco posted the worst annual loss in its 96- year history on Wednesday after writing down the value of its stores by 4.7 billion pounds. Also hurt by an accounting scandal and sliding sales due to pressure from discounters and a brutal price war the supermarket made a statutory pretax loss of 6.38 billion pounds in...