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
Wendell Pierce, Sterling Farms co-owner; and Troy Henry, Henry Consulting, discuss how their full-service grocery service found fertile ground in an emerging market in New Orleans.
The New Mexico company, Valley Meat, drew complaints over a two-year period from federal inspectors and state regulators over its disposal of remains when it processed cattle for beef. The New York Times reports.
Meat plants could be idled if a mass layoff of USDA food inspectors actually goes through due to sequester cuts.
Yum Brands Vice Chairman Sam Su told CNBC's Eunice Yoon China remains their best market despite the food scare, and plans to continue to focus on growth there.
A new report sheds light on this dirty secret of the food industry: Cheap fish is widely passed off as more expensive varieties.
Testing has confirmed that beef lasagna produced by food manufacturer Findus contained horsemeat, Britain's Food Standards Agency (FSA) said on Thursday.
Beef is a delicacy in Bangladesh, but Hindu-majority India refuses to sell their sacred cows. The demand is so high, however, that a dangerous $920 million cow smuggling trade has popped up. CSM reports.
Six news stories that have consumers buzzing in the world of beer, wine and spirits this week, including a pricey bid for the White House brew.
In a beer industry over flowing with competition, it can be difficult for a brewer to stand out. But one Southern California-based brewery, Hangar 24, is hoping that brewing distinct beers grounded in its geographic roots will eventually bring its beer to faraway places.
Food safety authorities have shut down two chicken farms in eastern China, including one that supplied Yum Brands' KFC and McDonald's.
A Texas-born quickie mart chain explodes across tropical Asia. The Global Post reports.
The new U.K. Business Minister, Michael Fallon, has promised a “drive to cut red tape” to boost business growth to help the country out of recession. For one ice cream man this can’t come soon enough.
G20 countries are to step in to try and co-ordinate a response to surging food prices, after the worst U.S. drought in half a century devastated crops in the world’s largest agricultural exporter, the Financial Times reports.
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.
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.
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.