Packaged Food and Meats
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Parents might not recognize E. Robert Kinney by name, but they owe him a debt of gratitude for popularizing what might be the only kind of fish their kids will eat.
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Parents might not recognize E. Robert Kinney by name, but they owe him a debt of gratitude for popularizing what might be the only kind of fish their kids will eat.
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The food supply is under siege from a blitz of man-made hazards, from arsenic-laced chicken to dying bee colonies, and some favorites may someday vanish from the plate.
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May 7- Packaged foods maker Mondelez International Inc posted slightly better-than-expected quarterly results on Tuesday and raised its full-year earnings forecast due to a benefit from a tax item, but said it was keeping some of that benefit in reserve to guard against future market volatility.
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Tyson Foods reported a weaker-than-expected quarterly profit as shoppers and restaurants switched to cheaper chicken from beef, and the company cut its full-year sales forecast.
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HERSHEY, Pa., May 4- Demolition crews are clearing the last remnants from the Hershey Co. site where the famous chocolate maker gave candy lovers their first Kiss more than 100 years ago.
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The classic Twinkie will hit store shelves nationally by late July, Hostess Brands told NBC News.
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The maker of Chef Boyardee pastas and Hunt's ketchup reported a 57 percent fall in third-quarter profit, hurt by costs related to its acquisition of Ralcorp.
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Beer lovers have plenty of options, but which label do consumers love the most? The madness is underway. Vote for your favorite.
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CHICAGO, April 1- U.S. agribusiness giant Cargill Inc on Monday said it named Marcel Smits, the former chief executive of packaged food maker Sara Lee Corp, as its chief financial officer effective April 15.
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The IPO of Pinnacle Foods priced at $20 a share, at the high end of the range. One trader said the stock could pop on its debut Thursday amid expectations of a "hefty dividend."
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March 22- Shares in top U.S. packaged food companies Mondelez International Inc and PepsiCo Inc jumped on Friday on speculation that they could merge, after a report that activist investor Nelson Peltz has taken stakes in each.
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March 20- General Mills Inc reported better-than-expected third-quarter earnings on Wednesday after sales volume of its core brands rose for the first time in two years, a good sign for the U.S. packaged food industry. Still, Russo said General Mills has been performing better in some of its challenged businesses, including cereal and yogurt.
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*United States Bakery gets Grandma Emilie's. The Beefsteak brand of bread was sold for $31.9 million to Mexico's Grupo Bimbo S.A.B. de C.V., the world's largest bread maker. Hostess also said on Tuesday that United States Bakery had the winning bid in the March 15 auction for its remaining bread brands: Eddy's, Standish Farms and Grandma Emilie's.
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*Milling operations had total sales last year of $4.3 bln. March 5- Giant U.S. food and grain-handling companies ConAgra Foods Inc, Cargill and CHS Inc plan to combine their North American flour milling businesses into a new venture that would control more than a third of U.S. capacity, dwarfing all competitors in size and market reach.
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Feb 21- Here are some key events in the history of Flowers Foods, a company that has grown through acquisitions to become the second-largest baking company in the United States. *1919- Flowers Baking Co founded by brothers William Howard Flowers and Joseph Hampton Flowers in Thomasville, Georgia. Flowers Bakery becomes Flowers Industries.
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*Wal-Mart, Burger King, Kraft already feeling the pinch. "Unfortunately, the loss of so many middle-class jobs in this country makes it tough," said Gary Rodkin, chief executive of consumer packaged foods company ConAgra Foods, in an interview on Tuesday.
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*Paying $72.50 per share for Heinz. *Buffett says Berkshire putting up $12 bln- 13 bln cash. Feb 14- Warren Buffett's Berkshire Hathaway and Brazilian private equity firm 3 G Capital will buy ketchup maker H.J. Heinz Co for $23.2 billion in cash, a deal that combines 3 G's ambitions in the food industry with Buffett's hunt for growth.
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Sally Smith, President and CEO of Buffalo Wild Wings, explains why she decided not to advertise during the Super Bowl, when more than 8 million wings are served.
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Hormel Foods apparently has a hankering for a peanut butter and bacon sandwich. The company known for Spam and other deli meats said Thursday it's buying Skippy.
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ZURICH, Dec 12- Swiss chocolate maker Barry Callebaut is buying the cocoa business of Singaporean group Petra Foods to reduce its dependence on West African beans as it expands in emerging markets.