Coffee for July delivery jumped 15.25 cents, or 8.1 percent, to $2.04 per pound. Brazil is the world's largest coffee producer, accounting for about a third of global production, according to the International Coffee Organization. Coffee in Brazil isn't harvested until June.» Read More
April 17- Cereal maker Post Holdings Inc said it will buy egg and dairy producer and distributor Michael Foods Inc for $2.45 billion in its largest-ever deal.
*Remy Cointreau, Diageo report weak China demand. LONDON, April 17- European shares edged lower on Thursday, weighed down by weakness in luxury drinks after a crackdown on gift giving in China knocked beverage company earnings, in quiet trade ahead of a public holiday. Weakness in Asia also affected Diageo.
Between March 2013 and March 2014, more than 50 complaints about e-cigarettes were filed with the U.S. Food and Drug Administration, according to data obtained through a public records request.
Minneapolis- based Cargill had been in late-stage talks to buy the business, which spans bean pressing in Abidjan in Ivory Coast to fine chocolate making in Belgium. The combined company would have been big enough to rival Swiss chocolate maker Barry Callebaut, the world's largest industrial chocolate producer.
PHILADELPHIA— A popular Philadelphia chocolate maker and candy store has been shuttered by the city days before Easter. WPVI-TV said Wednesday the Department of Revenue revoked the business license of the Blasius Chocolate Factory in the city's Kensington neighborhood.
Kroger rose$. 30 or. 7 percent, to $44.32. Safeway fell$. 08 or. 2 percent, to $34.11. Supervalu rose$. 12 or 1.8 percent, to $6.87.
WINSTON-SALEM, N.C.— Reynolds American has elected board member and former leader Susan Cameron as president and CEO of the tobacco company. She replaces Daniel Delen who is retiring and resigning from the board. Reynolds American Inc. is the Winston-Salem, N.C.- based parent company of R.J. Reynolds Tobacco Co. and several other tobacco companies.
Unlike bills passed last year in Maine and Connecticut, which require other states to pass GMO labeling laws before they can be enacted, Vermont's contains no such trigger clause.
Kroger rose$. 14 or. 3 percent, to $44.16. Safeway fell$. 02 or. 1 percent, to $34.17. Supervalu rose$. 06 or. 8 percent, to $6.80.
Kroger rose$. 16 or. 4 percent, to $44.18. Safeway rose$. 02 or. 1 percent, to $34.21. Supervalu rose$. 08 or 1.2 percent, to $6.83.
April 16- Canadian grocer Metro Inc posted a higher-than-expected quarterly profit as a reorganization of its Ontario operations boosted sales and the company raised its dividend.
April 16- Canadian grocer Metro Inc posted a higher-than-expected profit for the second quarter and the company raised its quarterly dividend by 20 percent. Metro reported earnings of C $1.07 per share from continuing operations for the quarter ended March 15. Analysts on average had expected C $1.02 per share, according to Thomson Reuters I/B/E/S.
RICHMOND, Va.— The nation's top cigarette makers said Tuesday they have made about $6 billion in annual payments as part of a longstanding settlement in which some companies are paying states for smoking-related health care costs.
NEW YORK— Coca-Cola, the world's biggest beverage maker, said Tuesday that the amount of soda it sold globally fell for first time in 15 years. Gary Fayard, the company's outgoing chief financial officer, attributed the decline in sodas partly to the timing of Easter, which falls in the second quarter this year instead of the first.
*Problems in Zimbabwe, Mozambique, Zambia. LONDON, April 15- SABMiller, the world's second-largest brewer by sales, posted a modest rise in full-year lager sales volumes following troubles in a number of African markets that have been fueling growth for the past few years.
Kroger rose$. 58 or 1.3 percent, to $44.58. Safeway rose$. 12 or. 3 percent, to $38.01. Supervalu rose$. 01 or. 1 percent, to $6.72.
NEW YORK— Shares of some top supermarkets companies are mixed at 1 p.m.:. Kroger rose$. 46 or 1.0 percent, to $44.46. Whole Foods Market Inc. fell$. 02 or percent, to $49.48.
April 14- U.S. drugstore chain operator Walgreen Co is under pressure from a group of shareholders to consider relocating to Europe to gain tax benefits, the Financial Times reported.
*Says suffers from slower demand in North America, Russia. PARIS, April 14- L'Oreal posted a 2.2 percent drop in first-quarter sales on Monday, held back by slowing demand for mass market products including Garnier shampoo and Maybelline make-up, particularly in North America.
Kroger rose$. 20 or. 5 percent, to $44.20. Supervalu rose$. 06 or. 9 percent, to $6.77. Whole Foods Market Inc. fell$. 66 or 1.3 percent, to $48.84.