Food industry M&A is ramping up, and pros say there's a lot more action ahead. Who's next?» Read More
Muscle Milk apparently isn't just for athletes. —Campbell Soup in 2012 announced it was buying Bolthouse Farms, which offers products including premium juices and bottled smoothies. —PepsiCo CEO Indra Nooyi has noted the company is looking at ways to "drinkify" snacks.
*Stakeholders include private equity firms CVC Capital and CD&R. Univar sources chemicals from over 8,800 producers worldwide, including Dow Chemical Co, Exxon Mobil Corp and Eastman Chemical Co.. The company, which gets more than half of its revenue from the United States, listed Akzo Nobel, Kellogg Co, Ecolab Inc and FMC Corp among its customers.
June 25- General Mills Inc, maker of Cheerios cereal and Betty Crocker baking products, said it would launch healthier products and revamp and promote its existing ones to revive sales that have slipped for three straight quarters.
General Mills reported a 10.4 percent rise in quarterly profit, helped by lower costs.
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.
PARIS, June 18- The world's top food and drink companies announced a raft of measures on Wednesday to try to improve the industry's image, including stopping advertising junk food to children by 2018, harmonizing nutritional labeling and fighting deforestation.
Hampton Creek Foods plans to crack the caged-egg industry, replacing an unhealthy, inhumane agricultural system with plant-based 'eggs.'
TV spots for detergents and cars may be a thing of the past if BrightRoll connects more websites and companies in deals for digital ads.
KUALA LUMPUR, June 16- The storm of bad publicity that hit confectioner Cadbury in Malaysia after its chocolates tested positive for traces of pork highlights the costly, religious minefield food companies must navigate as they rush to tap the surging $1 trillion global halal market.
Get out your Walkman! Cramer thinks a money making trend popular in the 1980s is about to surface again.
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.
Kellogg shares are up roughly 10 percent this year amid speculation Buffett might acquire the company, but not everyone is sure it's a good idea.
Is Kellogg on Warren Buffett's shopping list? Scott Rothbort, Lake View Asset Management president, and Mark Hake, Hake Capital Management, debate whether Kellogg is Buffett's kind of company.
CNBC's Dominic Chu reports Warren Buffett's Berkshire Hathaway may have an interest in buying Kellogg. Chu breaks down the characteristics of Kellogg.
LOS ANGELES, May 9- Kellogg Co has agreed to stop using terms such as "All Natural" and "100% Natural" on some of its Kashi and Bear Naked brand product labels and to pay more than $5 million to settle a class-action consumer fraud lawsuit. The settlement must be approved by a federal judge in San Diego overseeing the case before the suit is dismissed.
Investors love a good comeback story and some are cheering for the rebound of nine stocks that have been down on their luck for half a decade — USAT.
Some of Thursday's midday movers:
*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.
U.S. stock index futures pushed higher on Thursday, ahead of first quarter results from ConocoPhillips, ExxonMobil and MasterCard, among others.
Investors are unwinding leverage somewhat, yet most remain committed to the stock market amid talk of a new rotation.