Norman Rockwell's "Saying Grace" sold on Wednesday for more than $46 million, double its high pre-sale estimate.» Read More
Nov 12- Starbucks Corp must pay Kraft Foods $2.76 billion after it ended the companies' grocery deal at least three years early, the coffee chain said on Tuesday. An arbitrator ruled that Starbucks must pay $2.23 billion in damages plus $527 million for interest and legal fees, Starbucks said. Based on the rules of binding arbitration, Starbucks cannot appeal.
Nov 12 (Reuters)- Starbucks Corp said on Tuesday an arbitrator has ruled that it must pay Kraft Foods $2.23 billion in damages plus $527 million in prejudgment interest and attorneys fees after the coffee chain's early termination of the companies' grocery deal.
Nov 12- Starbucks Corp said on Tuesday an arbitrator has concluded that it must pay Kraft Foods Group Inc $2.23 billion in damages plus $527 million in prejudgment interest and attorneys fees after the coffee chain's early termination of the companies' grocery deal. Kraft began selling bags of Starbucks coffee in grocery stores beginning in September 1998.
Fast food giants are battling with Brazil's independent outlets to gain a foothold in the country's expanding fast food market.
Since 2005, food companies have eliminated over 73 percent of the transfats in their products.
BRUSSELS, Nov 7- Belgian grocer Delhaize took a second writedown on its operations in the Balkans, pushing it to an unexpected third-quarter loss.
Nov 6- Whole Foods Market Inc on Wednesday reported slower same-store sales growth in the fourth quarter and the grocer lowered its sales forecast for fiscal 2014, sending shares down 8.7 percent in after hours trading.
Nov 6- Whole Foods Market Inc on Wednesday reported same-store sales that decelerated in the fourth quarter and the grocer lowered its sales forecast for fiscal 2014, sending shares down 8.7 percent in after hours trading.
Nov 5- CVS Caremark Corp raised its profit forecast for the year on Tuesday, as sales grew at its drugstore chain and it processed more prescriptions from new clients. Wall Street analysts expected $31.53 billion, according to Thomson Reuters I/B/E/S.
Nov 5- CVS Caremark Corp posted higher quarterly profit and raised its forecast for the year on Tuesday, as sales grew at its drugstore chain and it processed more prescriptions.
Coffee wars between top U.S. brands are set to intensify as coffee houses battle to attract the Hispanic consumer.
Halloween candy sales are projected to top $2.3 billion, up 1 percent from last year.
It might sound like whacky science, but the latest food revolution is an attempt to bring sustainable food to the fore.
If the nation's farm bill isn't renewed, there could be unintended consequences: higher milk prices.
*Primark, Loblaw pay 3 months' wages to workers, families. DHAKA, Oct 24- British clothes retailer Primark and Canadian grocer Loblaw laid out plans on Thursday to pay more compensation for the collapse of a Bangladeshi factory that killed almost 1,130 people, as protesters demanded other brands follow suit.
CNBC anchorman Geoff Cutmore gave his best impression of Ron Burgundy on Squawk Box Europe this morning.
*Britain, trailblazer in online grocery, seen at 13.7 bln euros. *Grocery e-commerce also set to take off in Germany, Netherlands. BERLIN, Oct 24- Online grocery sales will roughly double on average by 2016 in five key northern European markets- Britain, France, Germany, Switzerland and the Netherlands- the food and consumer goods research group IGD said on Thursday.
JOHANNESBURG, Oct 22- South Africa's No.2 grocer, Pick n Pay, increased its profit for the first time since 2010 in the first half, sending its shares surging on Tuesday as investors bet the retailer's turnaround plan is starting to bear results.
Oct 17- Supervalu Inc's quarterly profit beat Wall Street estimates as the supermarket operator cut costs after selling a number of its underperforming chains earlier this year. Supervalu shares, which have tripled since the company announced the sale of 900 stores including the Albertsons chain in January, slipped 3 percent on Thursday.
Oct 17- Supervalu Inc' s quarterly profit beat Wall Street estimates as the supermarket operator cut costs after selling more than half of its stores earlier this year. The company's shares rose 6 percent in premarket trading after the company reported net income of $40 million, or 15 cents per share, in the quarter ended Sept. 7.