LONDON/ ATHENS, July 3- A halt to international payments from Greek bank accounts is hurting Greek businesses and their foreign partners and threatening supplies of vital goods like food and clothing into the debt-crippled country. With banks closed, people limited to withdrawing 60 euros per day and Greece's future in the euro possibly hinging on a...» Read More
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...
What happens when you combine the power of live online broadcasting with extreme-eating contests like those depicted on television show "Man v. Food"?
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.
*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...
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...
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.
Bowing to consumer demand to ditch aspartame, PepsiCo will debut Diet Pepsi free of the sweetener in the U.S. later this year.
Cadbury has invented a new chocolate bar called "Cadbury Dairy Milk Spectacular 7," a limited-edition bar that contains seven kinds of chocolate.
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 a staggering $165 billion worth of food every year, costing the average family up to $2,200.
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...
All eyes have been on Gwyneth Paltrow this week, to see if she could survive on $29 worth of food for the week; but did she manage?
It got more expensive to have a sweet tooth last month.
Suntory, has launched “Precious," a light beer targeted predominantly at women. Yet this drink has a secret ingredient: collagen.
*To spend most in China and Russia. COPENHAGEN, April 15- IKEA, the world's biggest furniture retailer, plans to spend up to 3 billion euros on new shopping centres over the next 5-7 years, aiming to cash in on the popularity of its stores by collecting rent from retailers keen to set up nearby. Several supermarket groups such as France's Carrefour have pursued a...
Johnnie Walker has established a new drinking experience — one that allows drinkers to hear a “personalized” tune while they sip on a glass of whisky.
PepsiCo is taking over league sponsorship rights of the National Basketball Association from rival Coca-Cola, the company confirmed Monday.
April 9- Drugstore operator Walgreens Boots Alliance Inc on Thursday reported a higher-than-expected quarterly profit and said it would widen its cost-cutting program, sending its shares higher. Walgreens said on Thursday that it had identified ways to increase the program to a projected $1.5 billion by the August year-end of fiscal 2017..