Campbell's new version of its chicken noodle soup will contain fewer ingredients. The New York Times reports.» Read More
July 1- General Mills Inc, the maker of Cheerios cereal and Betty Crocker cake mixes, said fourth-quarter profit halved as it recorded an intangible asset impairment charge of $260 million. Net earnings attributable to General Mills fell to $186.8 million, or 30 cents per share, in the quarter ended May 31 from $404.6 million, or 65 cents per share, a year earlier.
U.S. stock index futures fell sharply on Monday, tracking European and Asian markets downwards, as the Greek crisis entered a new chapter after the instigation of capital controls.
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Jim Cramer sees larger forces at play next week that could hold the market hostage.
*WPP's Sorrell says trading tough this year. In separate interviews on Friday, Martin Sorrell of WPP and Maurice Levy of Publicis sounded cautious about the prospects for the advertising market, citing a lack of vibrancy in the U.S economy, weakness in Brazil, Russia and China, and Europe's continued fragility. For his part, Sorrell said that the major companies...
June 25- General Mills Inc, the maker of Cheerios cereal and Betty Crocker cake mixes, said it would cut 675-725 jobs in its international business under a new restructuring plan aimed at cutting costs and boosting growth. While General Mills' U.S. sales for the third quarter ended Feb. 22 rose after five straight quarters of decline, international sales have...
June 25- General Mills Inc, the maker of Cheerios cereal and Betty Crocker cake mixes, said it would cut 675-725 jobs in its international business under a new restructuring plan aimed at cutting costs and speeding up growth. The restructuring is expected to result in savings of $45 million- $50 million per year, the company said on Thursday. The restructuring is...
June 22- General Mills Inc, maker of Cinnamon Toast Crunch and Original Cheerios cereals, said it would stop using artificial flavors and colors in almost all of its cereals, joining the U.S. food industry's move towards products perceived as healthier. Taco Bell and Pizza Hut, two of Yum Brands Inc's largest restaurant chains, sandwich chain Subway and Nestle USA...
June 9- Campbell Soup Co said it would buy salsa maker Garden Fresh Gourmet for $231 million to expand in the fresh and organic packaged foods business. Hormel Foods Corp paid $775 million for natural and organic meat processor Applegate Farms LLC last month, while General Mills Inc bought organic food maker Annie's Inc for $820 million in October.
LendingClub created a large online loan marketplace. CircleUp is mimicking that strategy for consumer companies, but the returns have yet to show.
General Mills can score points with millennials and take advantage of the buzz, says a branding expert
NEW YORK, June 1- Nomad Holdings Ltd is hot for more frozen food deals following its $2.8 billion acquisition of Iglo Foods Holdings Ltd, even as the category faces an image problem as some consumers opt for fresher fare. According to market research firm Euromonitor International, Iglo held a roughly 3 percent share of the global frozen food market, second only to...
Jim Cramer speaks to the CEO of Hampton Creek Foods on being the perfect solution to the nationwide egg-supply shortage.
The website Poets&Quants has picked the 50 most exceptional MBA graduates this year. Here are a profile of 10 of the best.
The flu is forcing farmers to kill more than 38 million infected birds, 33 million of which are laying hens.
To determine the best cities for recent college graduates, Rent.com considered everything from employment rates to good restaurants. Here's its list.
CNBC Pro highlights the three best strategy notes that came across our desk this week.
Here's a different approach to betting on earnings: Wait for the results to come out.
Known perhaps as much for Swedish meatballs as its inexpensive furniture, IKEA is doubling down on its food offerings.
How do consumer brands become billion-dollar franchises? These 7 keys are shared across many blockbuster products.