After years of criticism from advocates who urged McD's to offer more fruits and veggies, it is about to do just that. USA Today reports» Read More
June 25- General Mills Inc, maker of Cheerios cereal and Betty Crocker baking products, reported a quarterly profit that fell short of market estimates largely due to higher commodity costs.
General Mills reported a 10.4 percent rise in quarterly profit, helped by lower costs.
June 25- General Mills Inc reported a 10.4 percent rise in quarterly profit, helped by lower costs. Net income rose to $404.6 million, or 65 cents per share, in the quarter, from $366.3 million, or 55 cents per share, a year earlier. The company, whose brands include Cheerios cereals and Betty Crocker baking products, said net sales fell 2.8 percent to $4.41 billion.
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June 18- ConAgra Foods Inc warned that its adjusted fourth-quarter profit would be lower than its forecast, as the company struggles with its big push into private-label foods and sales fall in its consumer foods business. The company's shares fell as much as 7.4 percent to $30.41 on the New York Stock Exchange on Wednesday.
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WINNIPEG, Manitoba, June 10- Grain handlers are lobbying the Canadian government for even stricter rules requiring railroads to allocate thousands of railcars to them each week in hopes of stopping an unprecedented crop logjam from getting worse.
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The Environmental Working Group, a Washington, D.C.- based health information non-profit, said its report covers more than 1,500 cereals, including 181 marketed to children. "But there is a lot that manufacturers can be doing and FDA can be doing, to protect kids." The group said one of the worst offenders is Kellogg Co.' s Honey Smacks, with 56 percent sugar by weight.
TIPTON, Indiana, May 13- Fiat Chrysler Automobiles Chief Executive Officer Sergio Marchionne said the company will be much stronger than it is today at the end of his plan to sell 7 million cars by 2018, even if it misses the targets he set forth last week. long used to advertise a brand of canned and frozen vegetables produced by General Mills.
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May 3- Warren Buffett on Saturday said Berkshire Hathaway Inc would team up again with 3 G Capital on more transactions, perhaps very large ones, despite criticism of the Brazilian investment firm's decision to cut thousands of jobs at HJ Heinz& Co..
*First-quarter earnings $1.01/ shr vs est $0.97/ shr. *Net sales fall 3.1 pct to $3.74 bln vs est $3.81 bln. May 1- Kellogg Co reported a bigger-than-expected fall in quarterly revenue as competition from private-label brands and alternative breakfast items ate into cereal sales in the United States.
"If I want to successfully conquer India... I can't do that with a plant in Hamburg, "said Stefan Heidenreich, head of Beiersdorf, whose products range from Nivea to the high-end La Prairie creams. Nivea plans to open a factory in India in 2015, to make creams in smaller, cheaper packs, products with different scents and whitening creams, which are popular in Asia.
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Zenobia Godschalk, an Atlanta mother of two young boys, stopped buying Kraft's "mac and cheese" after reading its complicated ingredient list. Kraft Foods Group Inc still dominates the category, but the battle for the hearts and minds of American mac-and-cheese lovers may become a new front in a running war in the $360 billion U.S. packaged food industry.