The alliance of major companies including Nestle and Google aims to create tens of thousands additional jobs— or apprenticeships and internships that lead to jobs— over the next several years.» Read More
Ivan Menezes, CEO of Diageo, says despite weakness in China, the drinks company will continue to focus on the emerging markets.
NEW YORK, July 30- Kraft Foods Group Inc said on Wednesday that its second quarter net income fell 42 percent from a year ago when the company benefited from a gain tied to employee pensions, and its sales barely increased as the company faced challenging consumer and economic trends.
NEW YORK, July 30- Kraft Foods Group Inc said on Wednesday that its second quarter net income fell to $482 million, or 80 cents per share, from $829 million, or $1.38 per share, a year ago, when the company benefited from a significant gain tied to its post-employment benefit plans.
How much more to the downside does orange juice have? OJ trader with Liberty Trading Group James Cordier, provides perspective.
NEW YORK, July 30- A Connecticut lawmaker on Wednesday launched the first national effort in years to tax soda drinks, the latest bid by regulators and politicians to stem rising obesity and diabetes rates by curbing the consumption of sugary drinks.
SYDNEY, July 30- The U.S. dollar hovered at a six-month peak against a basket of major currencies early on Wednesday, having pushed higher as investors continued to give the euro a wide berth.
*New Zealand dollar slips as Fonterra cuts payout forecast. LONDON, July 29- Sterling fell to a six-week low against the dollar on Tuesday while the New Zealand dollar dropped almost half a percent as thin summer currency markets marked time before a slew of U.S. data due later in the week.
*New Zealand dollar slips after Fonterra cuts payout forecast. LONDON, July 29- The New Zealand dollar was the main loser among developed world currencies on Tuesday, down almost half a percent on a sign of weakness from the country's influential dairy sector.
SYDNEY/ SINGAPORE, July 29- The dollar held near a six-month peak against a basket of currencies on Tuesday ahead of this week's Federal Reserve policy review, while the kiwi slipped after dairy giant Fonterra cut its forecast payout to farmers.
SHANGHAI/ HONG KONG, July 29- With green-tea flavoured toothpaste and pickled plum juice, an army of Chinese retailers is tapping local tastes to whittle away market share from global rivals that are banking their future growth on the world's second-largest consumer market.
A 75-year-old seasoning is spicing up the Maryland beer business. Flying Dog Brewery licensing deal to create a beer made with Old Bay seasoning has been wildly popular.
MEXICO CITY, July 25- Mexico's Femsa reported on Friday a jump in operating profit in the second quarter, boosted by double-digit sales increases at its convenience-store chain Oxxo and Coke bottling business, but its net profit fell on higher debt costs.
*Post-tax Q2 ENI per unit of 62 cents vs Street view of 65 cents. NEW YORK, July 24- Private equity firm KKR& Co LP said on Thursday that its second-quarter earnings more than tripled year-on-year, close to most analysts' expectations, as a string of lucrative asset sales led to its highest dividend on record.
SodaStream International is in talks with a firm about taking the company private, Bloomberg reported on Thursday.
A Gallup poll finds that among Americans who drink alcohol, 41 percent of drinkers say they typically drink beer; 31 percent wine and 23 percent liquor.
*Post-tax Q2 ENI per unit of 62 cents vs Street view of 50 cents. KKR said post-tax economic net income per adjusted unit was 62 cents in the second quarter, up from 18 cents a year ago and higher than the 50 cents average forecast by analysts in a Thomson Reuters poll.
SHANGHAI, July 24- China's food regulator has visited close to 600 restaurants, businesses and food distributors, the watchdog said in a statement, in an investigation into a fast-spreading food safety scare. The safety scare has already dragged in U.S. chains McDonald's Corp, KFC-parent Yum Brands Inc and coffee giant Starbucks Corp..
July 23- PepsiCo Inc's higher-than-expected quarterly profit could give the company more ammunition against an activist investor who wants it to separate its snack and beverage businesses. The sales increases were partly a result of price hikes that PepsiCo implemented as it launched new products which usually command higher prices.
PepsiCo beat on the top and bottom line, but CNBC's Sara Eisen explains why there are bigger problems lurking underneath the surface.
July 22- Coca-Cola Co is still grappling with a problem even as sales of traditional Coke rise in North America: U.S. consumers are drinking less diet soda. But Coke reported lower-than-expected quarterly revenue as sales volume in North America, its biggest market, was flat partly because of a decline in diet Coke sales.