Consumer Staples
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McDonald's needs kids more than today's kids need McDonald's. Perhaps no one knows that better than CEO Don Thompson, who was grilled by a 9-year-old at the annual meeting.
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Napa, Calif., April 15, 2013-- Y Rousseau Wines, a Napa Valley artisan winery, today announced the release of its first Tannat wine, a red varietal originally from Gascony, France. Additionally, owners Yannick and Susan Rousseau are getting ready to release their fifth vintage of Colombard, and they have now moved into their own winemaking facility in Napa.
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Deloitte’s American Pantry Survey found brand loyalty has fallen for the third year in a row, with nearly nine in ten consumers substituting private-label brands for national ones.
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The two-week battle for the best beer labels has come to an end and Troegs Brewing Nugget Nectar took home the title of CNBC Beer News "Beer Label Madness" Champion.
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April 15- President Barack Obama's proposal to nearly double federal excise taxes to $1.95 on each pack of cigarettes would likely knock down sales volume 7 percent to 8 percent and is a credit negative for U.S. tobacco companies, Moody's Investors Service said on Monday.
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WD-40 has been a staple in American households. Now, they aim to fix the world’s problems. "There's still lots of squeaks in China and lots of rust in Russia!" the CEO said.
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Starbucks is cutting the suggested retail price of its bagged coffee sold in supermarkets, following similar moves by competitors amid falling commodity costs.
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April 12- Starbucks Corp on Friday said it would cut grocery list prices on its namesake and Seattle's Best packaged coffee by 10 percent or more on May 10, as coffee costs fall and it fights for more sales through supermarkets and other retailers.
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German investor Joh A Benckiser (JAB) is to buy the owner of Douwe Egberts coffee in a 7.5-billion-euro ($9.8 billion) deal to create a global hot drinks empire.
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General Mills CEO Ken Powell discusses how important global growth is to his company, how rising grain and corn prices impact business, and the state of the U.S. economy.
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The "astonishing" growth of the middle class in emerging markets is benefiting General Mills and creating jobs in the U.S., CEO Ken Powell told CNBC's "Street Signs" on Thursday.
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April 11- Rite Aid Corp posted its second consecutive quarterly profit on Thursday, as the third-largest U.S. drugstore chain filled more prescriptions and sold more generic drugs, which carry higher profit margins.
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KFC parent Yum Brands reported sales fell 13% in March at restaurants in China amid a new bird-flu scare.
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April 10- The U.S. Food and Drug Administration said on Wednesday it is requesting a budget of $4.7 billion in fiscal 2014, including $295.8 million to implement new food safety regulations. The FDA is financed in part with funds authorized by Congress and in part by fees charged to industry to cover the cost of reviewing and approving new drugs.
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If you bought McCormick 5 years ago, you would have had a 113 percent return. McCormick CEO Alan Wilson, discusses his consumer expectations for the rest of the year, and how his company intends to driving profits this year.
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Concerns are growing for the restaurant industry. How to play Yum Brands amid reports of deaths from the bird flu, with the "Fast Money" traders. Also, what Johnson's exit means for JC Penney shareholders, with Daniel Hurwitz, DDR CEO.
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CNBC's Brian Sullivan speaks to Terrence Gallivan, The Pass & Provisions chef & owner about why Houston is a great place for business and why a chef would leave NYC to come to Texas.
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Ever do a double-take when you heard the person in front of you ask for the Monster Mac at McDonald's or the power steak breakfast bowl at Panera Bread?
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The fast-food chain, which is owned by Yum Brands, will introduce fried boneless chicken chunks as an alternative to its traditional breast, thigh and drumstick pieces.
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Fast-food workers in New York City are on strike for the second time in six months, demanding higher wages, with David Goodfriend, former Clinton White House, and Ed Butowsky, Chapwood Investments.
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The pork and beef industries are retooling more than 350 names of meat cuts to give them more sizzle and consumer appeal.
Consumer Nation
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Lowe's and Target are just two of the big retailers reporting results this week.
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Despite the selloff of Best Buy shares Tuesday, there are early positive signs the turnaround efforts are working.
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To the creative, go the spoils. Hoping to boost sales, restaurants are launching a slew of innovative items.