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Packaged Food and Meats

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  • Bird flu 101 Tuesday, 5 May 2015 | 7:52 AM ET
    Bird flu 101

    Some estimates indicate up to 25 million turkeys and chickens have been or will be destroyed because of the latest outbreak of avian flu. CNBC's Morgan Brennan reports on what this actually means for the poultry business and consumers.

  • April 30- Maple Leaf Foods reported a profit on an adjusted basis after six quarters due to lower operating costs as the Canadian meat processor worked through its plan to upgrade its plants. As part of its plan to focus on its meat operations, Maple Leaf, sold its bakery business, Canada Bread Co, to Mexico's Grupo Bimbo last year. Net loss from continuing operations...

  • April 29- Mondelez International Inc reported a better-than-expected quarterly profit helped by cost cutting and price increases, as the maker of Cadbury chocolate and Oreo cookies seeks to boost margins amid slow growth in demand for packaged foods. Mondelez has focused on cutting costs with measures such as factory closures and zero-based budgeting,...

  • Bird flu outbreak spreads Tuesday, 28 Apr 2015 | 7:31 AM ET
    Bird flu outbreak spreads

    Five more cases of bird flu have been reported in Iowa, says CNBC's Morgan Brennan, with the details on the latest outbreak and its likely impact on consumers.

  • Bird flu hits Iowa flock hard Wednesday, 22 Apr 2015 | 7:23 AM ET
    Bird flu hits Iowa flock hard

    CNBC's Morgan Brennan, reports the lethal strain of avian flu is causing a crisis for U.S. poultry producers.

  • Bird flu fears grow Tuesday, 21 Apr 2015 | 8:31 AM ET
    Bird flu fears grow

    CNBC's Morgan Brennan reports on what's at stake as avian influenza spreads throughout poultry operations in the Midwest.

  • Bullish case for bird flu? Tuesday, 21 Apr 2015 | 7:21 AM ET
    Bullish case for bird flu?

    Farha Aslam, Stephens food analyst, provides perspective on the current outbreak of bird flu and why it could present investors with a buying opportunity.

  • Europe shares rise after better-than-expected PMIs Wednesday, 1 Apr 2015 | 4:19 AM ET

    *Barry Callebaut up 8 pct after posting strong results. PARIS, April 1- European shares reversed early losses and rose on Wednesday, starting the new quarter on a positive note, helped by data showing manufacturing activity across the euro zone accelerated faster than previously thought last month. Shares in Swiss chocolate maker Barry Callebaut surged 7.2...

  • PARIS, April 1- European shares reversed early losses and inched higher on Wednesday, starting the new quarter on a positive note, with Barry Callebaut surging 6.9 percent after posting strong results. Shares in Swiss chocolate maker Barry Callebaut surged 8 percent after it reported higher half-year sales and profits, as cost cuts helped counter the impact of...

  • NEW YORK, March 27- The macaroni and ketchup merger of Kraft Foods Group and H.J. Brazilian private equity firm 3 G Capital Partners and Warren Buffett's Berkshire Hathaway announced a $46 billion deal to consolidate the companies Wednesday, one that will create the No. 3 packaged food maker in North America after PepsiCo and Nestle USA.. That should take some...

  • Buffett bonanza? Heinz and Kraft to merge Wednesday, 25 Mar 2015 | 12:39 PM ET
    Heinz and Kraft Foods to merge.

    Kraft Foods Group stock surges after the company announced a merger deal with H.J. Heinz.

  • March 25- Kraft Foods Group Inc, the maker of Velveeta cheese and Oscar Mayer meats, will merge with ketchup maker H.J. Heinz Co, owned by 3 G Capital and Berkshire Hathaway Inc, to form North America's third-largest food and beverage company. Brazilian private equity firm 3 G Capital and Warren Buffett's Berkshire Hathaway acquired Heinz for $23.2 billion in...

  • Kraft Foods to merge with ketchup maker Heinz Wednesday, 25 Mar 2015 | 6:09 AM ET

    March 25- Kraft Foods Group Inc said it would merge with ketchup maker H.J. Heinz Co, owned by 3 G Capital and Warren Buffett's Berkshire Hathaway Inc, to form the third-largest food and beverage company in North America. Kraft shareholders will receive stock in the combined company and a special cash dividend of $16.50 per share, which will be funded by Berkshire...

  • March 24- Kraft Foods Group Inc, maker of Velveeta cheese and Oscar Mayer meats, is in talks to be acquired by Brazilian private equity firm 3 G Capital, a source familiar with the matter told Reuters on Tuesday. 3 G teamed up with Warren Buffett's Berkshire Hathaway Inc to acquire Ketchup maker H.J. The Wall Street Journal first reported on the possible deal and said...

  • 3G Capital in talks to buy Kraft Foods Group: DJ Tuesday, 24 Mar 2015 | 7:05 PM ET

    The Brazilian firm has some $5 billion burning a hole in its pocket and has been searching for acquisition deals, according to the Journal.

  • Goodbye Green Giant? General Mills looks to sell Wednesday, 11 Mar 2015 | 9:47 AM ET
    General Mills' Green Giant brand frozen vegetables for sale at a supermarket in Princeton, Illinois.

    General Mills is looking to sell its Green Giant frozen and canned vegetable business, people familiar with the matter said.

  • NEW YORK, March 5- French chocolate maker Cemoi is betting that Africa's growing middle class will add its sweet treat to their diet as the company prepares to open a factory in Ivory Coast, where much of the world's cocoa beans are grown. Cemoi, which competes with the world's biggest bean buyer, Swiss-based Barry Callebaut, as well as processors and merchants like...

  • March 2- Target Corp has zeroed in on seven grocery categories, including granola, yogurt and craft beer, to attract younger shoppers, urban dwellers, and Hispanics, the Wall Street Journal reported, citing people familiar with the matter. The changes would mean less shelf space for packaged food companies like Campbell Soup Co, General Mills Inc and Kraft Foods...

  • Health-conscious Chinese challenge Western food firms Wednesday, 25 Feb 2015 | 8:42 AM ET

    *Analysts see nutrition as selling point in China. LONDON/ SHANGHAI, Feb 25- Chen Chen, a 27- year-old financial analyst in Shanghai, has cut back on bottled milky tea in favour of fresh-squeezed juices. Packaged food makers such as Nestle, Danone, PepsiCo and General Mills enjoyed fast growth in China as middle class consumers opted for convenience foods.

  • UPDATE 2-Nestle forecasts improvement in 2015 Thursday, 19 Feb 2015 | 5:38 AM ET

    *Working to fix North American frozen, China businesses. VEVEY, Switzerland, Feb 19- Nestle, the world's largest packaged foods maker, forecast sales growth around 5 percent this year, at the low end of its long-term goal, as it grapples with deflation in Europe and a slowdown in China. The goal includes improvements in margins, helped by cost savings and efforts to...