CHICAGO, May 22- The world's largest corn processor, Archer Daniels Midland Co, is shifting focus from its long-standing cash generator ethanol into developing new food ingredients as the biofuel boom that underpinned its financial success has cooled. "Coming up with new products is really what keeps us up at night," said Chris Cuddy, president of corn processing.» Read More
California's drought may leave nearly a million acres of idle land this year because of a lack of water, a report said on Friday.
A co-founder of the frozen yogurt chain Pinkberry has been sentenced to seven years in prison for beating a homeless man with a tire iron.
Sandwich chain Quiznos filed for pre-packaged bankruptcy protection after struggling with high debt and stiff competition for years.
Food prices are expected to rises this year, but Tyson CEO Donnie Smith said it won't stop his firm from posting record earnings.
Cerberus struck a $9 billion-plus deal to buy grocery giant Safeway—a tie-up that should be a win for the consumer.
Costco Wholesale's profit fell 15 percent, missing estimates, hurt by weaker gross margins in its fresh-food business and some non-foods merchandises.
Quiznos is preparing to file for bankruptcy within a few weeks as it battles with declining sales, The Wall Street Journal reported.
Activist investor Nelson Peltz added more pressure to PepsiCo to split up the snack and beverage behemoth.
McDonald's is in the early stages of looking at whether it can make breakfast available later in the day.
With food prices fairly stable, this year's special dinner won't set you back much more than last year's. But next year? Watch out.
Insects as a food source? Social entrepreneurs say eating bugs is good for the planet and great for personal nutrition.
Whole Foods lowered its 2014 sales forecast after first-quarter sales missed expectations. The grocery chain's shares fell in after-hours trading.
Don Meij, CEO, Domino's Pizza Enterprises, describes the firm's expansion plans in Japan and growth of the Australian consumer.
The world's No. 2 burger chain is adding more beef to its latest McDonald's mimic—the Big Mac-inspired Big King. USA Today reports.
McDonald's CEO vowed to "create more of a coffee culture through high-quality McCafe products," as well as to double-down on breakfast to boost sales.
Coca-Cola will purchase a 10 percent minority stake in Green Mountain Coffee Roasters, sending the smaller firm's shares rocketing.
Market Track says pizza ad spending spikes before Super Bowl. CNBC's Jane Wells reports on the biggest weekend for America's favorite food.
Wal-Mart Stores plans to lay off 2,300 workers at its Sam's Club stores, about 2 percent of its workforce, The Wall Street Journal reported on Friday.
Beef has never been more expensive, and rarely more controversial. From top-end T-bone to Big Mac, the future of the beef industry is at stake.
This isn't your father's pizza. It's your great-grandfather's.