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Food and Staples Retailing

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  • 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...

  • Gwyneth Paltrow fails $29 food stamp challenge Friday, 17 Apr 2015 | 1:04 PM ET

    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?

  • Bad news, doughnut lovers! Prices are soaring Friday, 17 Apr 2015 | 11:46 AM ET
    Box of donuts

    It got more expensive to have a sweet tooth last month.

  • Could this beer make you more beautiful? Wednesday, 15 Apr 2015 | 3:46 PM ET

    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 reinvents the…glass? Tuesday, 14 Apr 2015 | 3:59 AM ET

    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.

  • Pepsi taking over sponsorship from rival Monday, 13 Apr 2015 | 11:09 AM ET
    Cans of Pepsi and Coca Cola are shown in a news stand refrigerator display rack in New York.

    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..