Sysco said it would buy rival US Foods for about $3.5 billion, creating a company with about $65 billion in annual revenue.» Read More
The world is facing a new food crisis as the worst US drought in more than 50 years pushes agricultural commodity prices to record highs.
China said Tuesday that it would prohibit official banquets from serving shark fin soup, an expensive and popular delicacy blamed for a sharp decline in global shark populations. The NYT reports.
In sum, to ensure a world where hunger does not overwhelm society, bold leadership will be necessary to preserve civility in the global neighborhood.
The organic food maker Annie's has doubled since its IPO last week and is up about 9 percent today. Francis Gaskins, IPODesktop.com editor/president, offers insight on the trade.
As energy prices soar, Wall Street is studying whether consumer spending on food is slowing. Discussing which companies should be on your radar, with David Palmer, UBS sector head of the consumer group.
Sysco saw unusually heavy upside option activity yesterday ahead of its earnings report next week.
Food prices and security, threatened by weather-caused production declines and relentless rising demand, will be a key issue at the conference of world business, political and social leaders.
"McDonald's potato supplier ads are pretending that its suppliers are relatable farmers," says Sara Deon, director of Corporate Accountability International. "McDonald's is pulling the lid over consumer eyes," she adds.
Sharing insight into rarely spoken of commodities: peanut butter and milk. Robert Chesler FC Stone vice president of the food division and Patrick Archer, American Peanut Council president shares insight.
The Shanghai Composite is losing its momentum, with The Fast Money Halftime Traders. Also, discussing the restaurant coverage list distributed by CLSA, with Diane Geissler, CLSA analyst.
Texans are facing the worst single year of drought on record—that could turn out to be good news for meat-eating consumers.
"The environment for food retailing is pretty good in Australia at the moment. We are attracting around two million more customers into our stores every week," Richard Goyder, chief executive at Wesfarmers, told CNBC.
See the top 10 ad icons of the 20th century as compiled by AdAge.com and recognizing "those images that have had the most powerful resonance in the marketplace."
McDonald's says it is adding apple slices to every Happy Meal, part of the chain's larger push to paint itself as a healthy place to eat.
Russia banned imports of raw vegetables from the European Union on Thursday because of a deadly E.coli outbreak centered in Germany, a move branded "disproportionate" by Brussels.
There are some jobs that pay six figures that you might not expect. Here are 15 surprising examples of jobs that pay $100,000 or more.
A stomach-turning string of food-safety scandals this spring, from recycled buns to contaminated pork, makes it clear that official efforts are falling short, the NYT reports.
Conagra has sent a letter to the board of Ralcorp making an unsolicited offer to buy the company, according to sources close to the situation.
Farmers markets are popping up across the country as often as a new crop of corn. But the problem of making a profit—for themselves and the farmers that supply them—grows as well.
A recent survey shows people in Hong Kong say it is acceptable to leave shark fin soup off banquet menus. The NYT reports.