Consumer Staples


  • *Expects 2014 profit at low end of $2.87- $2.90/ shr forecast. Dec 18- General Mills Inc reported lower-than-expected quarterly results as ingredient costs rose and U.S. sales of its ready-to-eat meals and ice cream fell, and it said full-year profit could come in at the lower end of its forecast.

  • UPDATE 1-EU strikes deal on tough new anti-tobacco rules Wednesday, 18 Dec 2013 | 4:58 AM ET

    BRUSSELS, Dec 18- European Union diplomats approved new anti-tobacco legislation on Wednesday, including larger health warnings on cigarette packets and the bloc's first ever rules on electronic cigarettes.

  • ELK POINT, South Dakota, Dec 17- Lawyers for ABC News asked a South Dakota circuit court judge on Tuesday to dismiss a $1.2 billion defamation lawsuit against it over coverage of a beef product dubbed by critics as "pink slime," as the news outlet stood by its reports and cited free speech protections.

  • MUMBAI/ NEW DELHI, Dec 17- Britain's Tesco Plc is set to become the first foreign supermarket to venture into India's $500 billion retail sector after announcing on Tuesday it had applied to buy a 50 percent stake in Tata Group's Trent Hypermarket Ltd..

  • Dec 16- The fate of a $1.2 billion lawsuit accusing ABC News of damaging a beef producer's profits and reputation through its reports about a controversial product dubbed by critics as "pink slime" might be determined this week.

  • PARIS, Dec 16- Carrefour is teaming up with investors to buy 127 shopping malls in which it runs stores, in a $2.8 billion deal that marks the French retailer's latest attempt to revive its struggling European hypermarkets.

  • Coke corporate shakeup reveals possible successor Friday, 13 Dec 2013 | 3:47 PM ET
    J. Alexander M. "Sandy" Douglas Jr.

    The departure of a possible Coca-Cola chief executive has put the global chief customer officer in contention to eventually succeed CEO Muhtar Kent.

  • Dec 13- The surprise departure of a potential Coca-Cola Co chief executive has put the global chief customer officer in contention to eventually succeed CEO Muhtar Kent.

  • LONDON, Dec 13- India's United Spirits could attract more buyers for its Whyte& Mackay Scotch whisky business and tip the price over the expected 450 million pounds if it included the single malt Dalmore, sources familiar with the matter say.

  • Sobeys owner Empire reports 84 pct jump in profit Thursday, 12 Dec 2013 | 10:19 AM ET

    Dec 12- Empire Co Ltd, owner of Canada's No. 2 grocer, reported an 84 percent jump in second-quarter earnings as cost controls helped to offset weaker margins. Sobeys, like other Canadian retailers, is facing increasing competition from Wal-Mart and Target, which are expanding their presence in Canada.

  • TOKYO, Dec 12- Asahi Group Holdings Ltd will launch a premium version of its Super Dry beer in Japan as a pickup in the economy has drinkers indulging more in upmarket brews even while overall beer consumption is at its lowest in more than two decades.

  • E-cigarettes: a burning question for U.S. regulators Wednesday, 11 Dec 2013 | 1:33 PM ET

    NEW YORK, Dec 11- At the Henley Vaporium, one of a growing number of e-cigarette lounges sprouting up in New York and other U.S. cities, patrons can indulge in their choice of more than 90 flavors of nicotine-infused vapor, ranging from bacon to bubble gum.

  • Pay better wages, UK minister tells Domino's Wednesday, 11 Dec 2013 | 8:22 AM ET
    Domino's gluten free pizza

    The boss of pizza delivery giant Domino's should "pay his staff a little more", the U.K.'s immigration minister said.

  • *Heineken's new shares were collateral on loan extended to UB Group- source. MUMBAI, Dec 11- The Netherlands' Heineken NV has become the largest shareholder of India's United Breweries Ltd after its stake inched past that of liquor baron Vijay Mallya.

  • Dec 10- Pharmacy chain CVS Caremark Corp and pharmaceutical distributor Cardinal Health Inc on Tuesday announced a 10- year agreement to form the largest generic drug sourcing operation in the United States, the world's biggest generic drug market.

  • Dec 10- Pharmacy chain CVS Caremark Corp and pharmaceutical distributor Cardinal Health Inc said on Tuesday they would form the largest U.S. generic drug sourcing operation in a 10- year agreement to serve the world's biggest market for generic drugs. The 50-50 joint venture will be operational as soon as July 1, 2014.

  • Uh oh, SpaghettiOs apologizes for Pearl Harbor tweet Saturday, 7 Dec 2013 | 8:48 PM ET

    Campbell Soup apologized Saturday for a tweet by its SpaghettiOs brand that marked the anniversary of the Pearl Harbor attacks with a picture of its smiling mascot jauntily holding an American flag.

  • A panel of five EPA rulemakers- including Chris Grundler, director of the EPA's Office of Transportation and Air Quality- listened intently as groups of five to six speakers came up in succession to state their positions.

  • LONDON, Dec 5- Consumer products giant Unilever Plc aims to cut the number of individual products it sells by 30 percent by the end of 2014 to become more efficient and navigate a global economic slowdown it admits it was slow to confront.

  • UPDATE 1-Kroger shares fall on cautious year-end view Thursday, 5 Dec 2013 | 11:16 AM ET

    Dec 5- Kroger Co, the biggest U.S. supermarket operator, on Thursday reported slightly lower-than-expected overall quarterly sales and joined other retailers in taking a cautious stance on the remainder of 2013, sending its shares down 4 percent.


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