General Mills changed its Facebook policy: if you 'like' their brands, or download coupons, you forfeit your right to sue.» Read More
BERLIN, Feb 26- Many of the world's top food and beverage companies are taking steps to improve their social and environmental impact on poor countries, although there is still much more to do, development group Oxfam said on Wednesday.
BOSTON, Feb. 25- When Alice Bast was diagnosed with celiac disease in 1994, she had to scour local health-food stores and send away to Canada for the gluten-free food her condition necessitated. Dillon estimates that where she used to spend $90 per week on groceries for her family of four, her weekly bill now is at least $130.
BOCA RATON, Fla., Feb 23- Investors are growing impatient with the makers of global brands like Cadbury chocolate, Campbell Soup and Tide laundry detergent, as these stalwart consumer products companies try to boost profits through cost cuts and brand makeovers while smaller rivals take risks and grab market share.
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BOCA RATON, Fla., Feb 18- U.S. packaged foods group General Mills is looking to expand its business in faster-growing emerging markets, it said on Tuesday, as growth in its home market remains weak.
As one of the world's largest makers of consumer food products, the Minneapolis- based company has hefty buying power in the marketplace for corn, soy, sugar, oats, and other commodities needed for its packaged food products.
BOCA RATON, Fla., Feb 18- U.S. packaged foods group General Mills is looking to expand its business in faster-growing emerging markets, it said on Tuesday, as growth in its home market remains weak. "We continue to look at tuck-in opportunities around the world," Chief Executive Ken Powell said on Tuesday at a conference in Boca Raton, Florida.
The portion of households reporting purchases of gluten-free food products to Nielsen hit 11 percent last year, rising from 5 percent in 2010. The NYT reports.
*Wellness is "major, major platform of growth"- Nestle CEO. LONDON, Feb 13- Swiss food giant Nestle's deeper dive into healthcare by taking over the dermatology joint venture it had with L'Oreal suggests further deals in the space are likely.
Feb 6- Kellogg Co, the world's largest maker of breakfast cereals, reported lower-than-expected quarterly revenue as sales for cereals fell for the third time in a row in North America.
Investors are riding the dividend rally. But experts caution they should steer clear of high-yielding stocks sensitive to rising interest rates.
NEW YORK, Jan 17- If early reports are any indication, more U.S. companies may be missing the mark on profits this season than investors have become accustomed to. But 50 percent have missed analysts' earnings estimates, compared with the long-term average of 63 percent for a full reporting period, according to Thomson Reuters data.
Jan 13- The Grocery Manufacturers Association, which represents more than 300 food companies, is preparing a petition to the chief U.S. food safety regulator and a push in Congress to require changes in oversight and labeling of new genetically modified foods, an association leader said Monday.
In May 2010, 16 of the biggest food and beverage companies, from Coca-Cola Co to Kraft Foods Group, pledged to remove 1 trillion calories from the U.S. marketplace by 2012 and 1.5 trillion by 2015, compared with a 2007 baseline. In fact, as of 2012 they sold 6.4 trillion fewer calories, found an analysis by researchers at the University of North Carolina at Chapel Hill.
An effort by food and beverage companies to remove calories from the products they sell in the U.S. has far exceeded its five-year goal.
In May 2010, 16 of the nation's biggest food and beverage companies, from Coca-Cola Co to Kraft Foods Group, pledged to remove 1 trillion calories from the U.S. marketplace by 2012 and 1.5 trillion by 2015, compared with a 2007 baseline.
America's wealthiest philanthropists donated a total of more than $3.4 billion to charity, including Facebook's Mark Zuckerberg. CNBC's Robert Frank and Dominic Chu discuss.
Happy Friday. Nothing like a morning six-pack to cut right through the abundance of fluffy snow and frigid temps here in the Northeast.