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DENVER— Farms and fields dominate Colorado ads opposing a ballot measure to require labels on some foods that have been genetically modified, with farmers telling voters the labels will damage their businesses. But farmers and agriculture groups are just bit players in the $11 million campaign to defeat Proposition 105. The real money is coming from...
The Hershey Co. filed a federal trademark infringement lawsuit in June against TinctureBelle LLC and TinctureBelle Marijuanka LLC. The Denver Post reports that a settlement reached in September requires TinctureBelle to stop using those names and Hersey's brown, yellow and orange coloring for its products. Information from: The Denver Post,...
Oct 15- Chocolate and cocoa companies have donated $600,000 toward combating Ebola in West Africa, the World Cocoa Foundation said on Wednesday, the first sign the industry is striving to prevent the virus from spreading to the world's top two growers. So far, the Ebola virus has killed nearly 4,500 people in West Africa with nearly 9,000 infected, the World...
MEXICO CITY/ WASHINGTON, Aug 26- The United States is set to slap import duties as high as 17 percent on Mexican sugar in a victory for the powerful U.S. sugar industry but a blow to U.S. candy and soft drink makers who face paying more for the sweetener.
MEXICO CITY/ WASHINGTON, Aug 26- The United States is set to slap import duties on Mexican sugar in a move that could push up candy and soft drink prices for U.S. consumers and incite retaliation from Mexico, which is keen to agree a deal to avoid the new levies.
MEXICO CITY, Aug 26- The United States will slap anti-subsidy import duties on Mexican sugar, sources said on Tuesday, a move that could push up candy and soft drink prices for U.S. consumers and incite retaliation from Mexico on other products. U.S. sugar producers have claimed cheap imports from Mexico are causing nearly $1 billion in damages in the local market.
MEXICO CITY, Aug 26- The United States will slap anti-subsidy import duties on Mexican sugar in a decision set to be formally announced later on Tuesday, the head of Mexico's sugar chamber said, in a case that could spark a trade war.
Aug 11- Packaged foods maker ConAgra Foods Inc said long-time Chief Executive Gary Rodkin would retire in May 2015 at the end of the company's fiscal year.
Aug 6- Mondelez International Inc, the maker of Cadbury chocolate and Oreo cookies, cut its 2014 sales target on Wednesday after price hikes to cover commodity costs sparked a backlash by consumers and retailers in some European markets. Mondelez also reported higher net income in the second quarter, topping Wall Street estimates.
While gifting used to play a big role in driving sales in China, everyday consumption of chocolate is now on the rise as well, says Philip Stanley, VP & GM, Greater China at Hershey's.
After news of the monster dollar-store merger, here's the thing no one seems to be talking about, says retail analyst Brian Sozzi.
Companies like Chipotle and Philip Morris have been discussing price hikes that would give bottom lines a whole new driver. USAT reports.
Companies including Chipotle Mexican Grill Inc, Apple Inc and PepsiCo have shown they're able to take advantage of quality, trendiness, and, in the case of Pepsi's snack foods, market dominance, to maintain high prices or even raise them faster than the inflation rate, now at about 2.1 percent in the U.S.
Investors are honed in on consumer companies that use cocoa as a raw ingredient to see how they manage costs to protect the bottom line.
NEW YORK, July 24- Hershey Co, one of the world's best known names in chocolate, expects its first price hike in three years to crimp short term sales, but over the long haul the popularity of chocolate will prevail, the company's chief executive said on Thursday.
Mars Chocolate North America said that it will raise its prices by 7 percent "to offset rising costs," its first increase in three years.
NEW YORK, July 23- Mars Chocolate North America, the maker of M&M's and Snickers, said on Wednesday that it will raise its prices by an average of 7 percent "to offset rising costs," its first increase in three years.
NEW YORK, July 23- Mars Chocolate North America said on Wednesday that it will raise its prices by an average of 7 percent "to offset rising costs," marking its first increase in three years.
Even as traders monitor the world's hot spots, corporate earnings news could be a positive for stocks in the week ahead.
The price increase is a sign that a year-long soaring cocoa market is eating into confectioners' profits.