NEW YORK/ SINGAPORE, Dec 16- Olam International Ltd will buy Archer Daniels Midland Co's cocoa business for $1.3 billion, catapulting the Singapore- based commodities firm into the top tier of global suppliers to the growing chocolate business. The deal would be Olam's biggest ever and mark a dramatic turnaround after an attack two years ago on its acquisition...» Read More
Susan Smith, Butterball turkey expert, shares tips on how to safely prepare a Thanksgiving turkey.
Hershey cut its full-year earnings and revenue growth forecasts, citing higher dairy prices, a stronger dollar and weak sales growth in some markets.
Oct 29- Chocolate maker Hershey Co cut its full-year earnings and revenue growth forecasts, citing higher dairy prices, a stronger dollar and weak sales growth in some markets. Rivals Mars Chocolate North America and Mondelez International Inc have also raised prices this year. U.S. milk prices have been increasing since 2008, when China started sourcing...
Sept 25- At least six state investment firms are interested in buying the property assets of restaurant and packaged food company Bob Evans Farms Inc, the Wall Street Journal reported, citing people familiar with the matter.
MEXICO CITY, Aug 29- Mexican bread maker Grupo Bimbo, the world's largest baker and maker of Entenmann's cakes and Oroweat bread among other brands, said on Friday it is planning to sell new shares in Mexico and abroad, marking its first foreign listing.
NEW YORK, Aug 19- Bumble Bee Foods has received takeover overtures from canned tuna giant Thai Union Frozen Products PCL and U.S. packaged foods company Post Holdings Inc in recent months, according to people familiar with the matter.
Aug 11- Packaged foods maker ConAgra Foods Inc said long-time Chief Executive Gary Rodkin would retire in May 2015 at the end of the company's fiscal year.
Aug 11- Packaged foods maker ConAgra Foods Inc said long-time Chief Executive Gary Rodkin would retire in May 2015 at the end of the company's fiscal year. The company, whose products include Slim Jim meat snacks and Healthy Choice frozen meals, said it had set up a search committee to find a successor.
NEW YORK/ CHICAGO, Aug 5- Agribusiness company Archer Daniels Midland Co expects to sell its global chocolate business by the end of the third quarter, its president said on Tuesday, after opting to hold onto its larger cocoa press business.
NEW YORK, July 16- A proposal to overhaul nutrition labels on packaged foods sold in the United States does not go far enough to influence consumer choices and reduce obesity, a former U.S.
KFC parent Yum Brands Inc on Wednesday said second-quarter sales at established restaurants in China, its No. 1 market, jumped 15 percent
MEXICO CITY, July 15- Mexico's Grupo Bimbo, one of the world's largest bread makers, said on Tuesday it had agreed to buy Ecuadorian peer Supan, as it seeks to widen its presence in South America. Grupo Bimbo did not mention the cost of the acquisition in its statement announcing the deal.
Aviagen Group's standard Ross male breed is sire to up to 25 percent of the nation's poultry, and its infertility is a problem for prices.
How rising meat prices are affecting local butchers and restaurants, with Pat LaFrieda Jr., LaFrieda Meat Purveyors CEO.
Record high prices for both ground beef and sirloin are creating expensive Fourth of July barbecues. CNBC's Kate Kelly reports.
June 26- ConAgra Foods Inc reported better-than-expected quarterly revenue as higher sales in commercial foods business made up for weakness in its consumer foods and private brands businesses. Excluding items, the maker of Hunt's tomato ketchup and Slim Jim beef jerky earned 55 cents per share, in line with its lowered estimate.
Velveeta, a processed cheese, is getting yanked off the shelves in 12 states for not having enough preservatives.
US Agriculture Secretary is confident an approved vaccine would help fight a deadly virus that has killed millions of pigs.
Hillshire Brands said it will withdraw its recommendation to its shareholders to vote for its acquisition of Pinnacle Foods.
Pork prices continue to climb in part due to a deadly pig virus, reports CNBC's Jane Wells.