Nov 21- Sysco Corp, the biggest U.S. food distributor, is in advanced talks to sell some assets to a food company owned by Blackstone Group in order to win regulatory approval for its acquisition of US Foods Inc, the New York Post reported, citing sources. Once Sysco strikes a deal to divest some assets, the Federal Trade Commission is expected to clear the acquisition,...» Read More
A tractor-trailer carrying 40,000 pounds of french fries caught fire in a Wal-Mart parking lot in the Maine city of Waterville.
Hedge fund Starboard Value on Tuesday won consent from 54 percent of Darden shareholders to call a special meeting, sources told CNBC.
Food prices are rising. After two months of sharp increase, grocers had no alternative but to raise their prices, making consumers unhappy.
All is fair in love and marketing. Including airing your grievances on your very public Facebook page.
CNBC's Jon Fortt and Jon Steinberg, BuzzFeed president & COO, discuss restaurant delivery portal GrubHub's terms for its $148 million IPO.
GrubHub expects to price its IPO at $20 to $22 per share, valuing the largest U.S. online food delivery services provider at up to $1.72 billion.
Food prices are expected to rises this year, but Tyson CEO Donnie Smith said it won't stop his firm from posting record earnings.
Kraft posted sales that missed Wall Street expectations Thursday.
Tyson Foods said it expects pork supplies to drop 2-4 percent this fiscal year, raising wholesale prices, as a pig virus spreads.
Diamond Foods will pay $5 million to settle civil charges that the company and two former top executives misled investors by lying to boost earnings.
Sysco said it would buy rival US Foods for about $3.5 billion, creating a company with about $65 billion in annual revenue.
Canada's Saputo and rival Bega Cheese are racing to raise and extend offers for Warrnambool Cheese and Butter Factory. CNBC's Matthew Taylor reports live in Warrnambool.
Whole Foods Market on Wednesday reported same-store sales that decelerated in the fourth quarter. Shares plunged in extended-hours trading.
One of the world's largest beef processors, will begin labeling when its finely textured beef is used in the making of its US ground beef products.
A California factory town's attempt to shut down production of Sriracha sauce heads to court until the company gets rid of the plant's smelly fumes.
The city of Irwindale, Calif., filed a lawsuit against Huy Fong Foods, maker of Sriracha, claiming the odor from the plant is a public nuisance.
"The evidence that Obamacare is having a negative impact on hiring is unequivocal, abundant and consistent with common sense," says Andrew Puzder, CKE Restaurants CEO. Puzder employs more than 70,000 people at restaurant chains Hardee's and Carl's Junior.
As water becomes increasingly scarce, brewers of beer are racing to secure a steady supply of their most prized ingredient by using less of it. NBC News reports.
Starboard Value has received "non-binding written indications of interest" for its Smithfield Foods assets, the company said on Tuesday.
If U.S. law is changed to allow the Post Office to deliver beer, wine and spirits, it could help the cash-strapped agency and drive alcohol sales. But other challenges linger.