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Packaged Food and Meats

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  • MILAN, Feb 14- Michele Ferrero, Italy's richest man and the owner of a global chocolate and confectionery empire, died on Saturday aged 89, the company said. His death opens the question of succession and potential tie-ups at the family-controlled Ferrero group, which has sales of around 8 billion euros and continued to grow through Italy's longest recession...

  • Michele Ferrero, owner of Nutella empire, dies at 89 Saturday, 14 Feb 2015 | 2:31 PM ET

    MILAN, Feb 14- Michele Ferrero, Italy's richest man and the owner of a global chocolate and confectionery empire, died on Saturday, two workers within the company said. His death is likely to spur talk of succession and potential tie-ups at the family-controlled Ferrero group, which has continued to grow even through Italy's longest recession since World War Two.

  • *Ketchup maker Kagome sets first price hike in 25 years. *Kagome worried that consumers not ready to pay more. TOKYO, Feb 10- For Tokyo- based condiments maker Kagome, and perhaps for Japan's government, the challenge of breaking with a decade and a half of deflation boils down to the price of a bottle of ketchup.

  • Hershey's quarterly sales miss estimates Thursday, 29 Jan 2015 | 7:12 AM ET

    Jan 29- Chocolate maker Hershey Co reported a lower-than-expected quarterly revenue as demand for bakery and meat snacks hurt chocolate sales. Hershey's net income rose to $202.5 million, or 91 cents per share, in the fourth quarter ended Dec. 31, from $186.1 million, or 82 cents per share, a year earlier. Revenue rose 2.7 percent to $2.01 billion.

  • Jan 27- Chocolate maker Hershey Co is in late-stage talks to acquire Krave, a maker of healthy beef, turkey and pork jerky snacks, according to people familiar with the matter. The deal is expected to value Sonoma, California- based Krave at between $200 million and $300 million, the people said this week. It sells to retailers that include Target Corp, Vitamin Shoppe...

  • ZURICH, Jan 21- Swiss chocolate maker Barry Callebaut warned on Wednesday the strong Swiss franc could hit its results, after sales revenue rose 15.1 percent in the quarter to November helped by higher cocoa bean prices. Barry Callebaut said it conducted 99 percent of its business outside of Switzerland so had limited operational exposure to the surging franc,...

  • China goes organic amid food scandals Friday, 2 Jan 2015 | 12:20 AM ET
    An employee works with produce at a farm that practices organic farming techniques in Beijing.

    An organic food craze is emerging among Chinese urbanites as safety woes spur the younger generation toward alternative ways to buy produce and meat.

  • Snack wars: Would you eat a chip made from beans? Monday, 15 Dec 2014 | 10:03 AM ET
    Beanitos bean chips

    Salty snacks are a $16 billion business, but Americans are increasingly looking for something healthier. Like beans.

  • How NOT to kill yourself cooking turkey Wednesday, 26 Nov 2014 | 7:51 AM ET
    How NOT to kill yourself cooking turkey

    Susan Smith, Butterball turkey expert, shares tips on how to safely prepare a Thanksgiving turkey.

  • Hershey says higher milk prices, dollar hurt profit Wednesday, 29 Oct 2014 | 10:59 AM ET

    Hershey cut its full-year earnings and revenue growth forecasts, citing higher dairy prices, a stronger dollar and weak sales growth in some markets.

  • Yum's China sales jump as KFC bounces back Wednesday, 16 Jul 2014 | 4:38 PM ET

    KFC parent Yum Brands Inc on Wednesday said second-quarter sales at established restaurants in China, its No. 1 market, jumped 15 percent

  • Higher costs at the grill Wednesday, 2 Jul 2014 | 2:51 PM ET
    Higher costs at the grill

    How rising meat prices are affecting local butchers and restaurants, with Pat LaFrieda Jr., LaFrieda Meat Purveyors CEO.

  • BBQ lovers burned by price hike Wednesday, 2 Jul 2014 | 2:50 PM ET
    Severe drought is a contributing factor in the declining cattle count, which has sent wholesale beef prices up.

    Record high prices for both ground beef and sirloin are creating expensive Fourth of July barbecues. CNBC's Kate Kelly reports.

  • Not enough preservatives?! Velveeta recalled Friday, 20 Jun 2014 | 7:47 AM ET

    Velveeta, a processed cheese, is getting yanked off the shelves in 12 states for not having enough preservatives.

  • US confident new vaccine will help fight pig virus Wednesday, 18 Jun 2014 | 11:46 AM ET

    US Agriculture Secretary is confident an approved vaccine would help fight a deadly virus that has killed millions of pigs.

  • Hillshire drops bid for Pinnacle after Tyson deal Monday, 16 Jun 2014 | 8:07 AM ET
    Tyson Food and Hillshire Brands food products

    Hillshire Brands said it will withdraw its recommendation to its shareholders to vote for its acquisition of Pinnacle Foods.

  • Pig virus boosts bacon prices Wednesday, 4 Jun 2014 | 10:25 AM ET
    Pig virus boosts bacon prices

    Pork prices continue to climb in part due to a deadly pig virus, reports CNBC's Jane Wells.

  • Bacon news: The pig show must go on! Wednesday, 4 Jun 2014 | 8:41 AM ET
    Bacon news: The pig show must go on!

    Despite a deadly pig virus, the World Pork Expo is underway in Iowa, reports CNBC's Jane Wells.

  • Meat brawl over Hillshire Brands heats up again Tuesday, 3 Jun 2014 | 6:13 AM ET
    Packages of Sara Lee Corp. Hillshire Farm deli meat are displayed for sale in a supermarket in Princeton, Illinois.

    Pilgrim's Pride is planning to raise its offer for Hillshire a week after it first offered to buy it in a $6.4 billion deal.

  • Deadly pig virus strikes again Wednesday, 28 May 2014 | 9:48 AM ET

    The farm acknowledged a reemergence of Porcine Epidemic Diarrhea virus, which has killed up to 7 million pigs since it was first identified.