PepsiCo on Thursday reported a higher quarterly profit, lifted by sales gains in its snacks business.» Read More
The retail industry looms large in this week's market winners and losers, and considering it's Black Friday, no surprise there.
Despite high tax rates, states like New York and California remain alluring to the wealthy, topping the list of newly created multimillionaires.
Increased online grocery shopping presents a problem for producers of the candy, magazines and drinks.
*Exposed firms include Nestle, Mondelez, Coke, Pepsi, Time Warner. LONDON/ BERLIN, Nov 27- For consumers, one of the great things about shopping online is bypassing the queue to check out. In Britain, the country where e-commerce is most popular, about 13 percent of people do all or most of their grocery shopping online.
Twitter and Facebook are trying to use their unique features to draw in companies such as REI and Best Buy.
U.S. stocks turned higher on Wednesday, with the Dow and the S&P 500 positioned for record finishes, after upbeat earnings from retailing giant Macy's helped foster optimism about holiday shopping.
Starbucks on Wednesday said breaking up with Kraft was hard to do, but worth the high price.
Nov 13- Starbucks Corp on Wednesday said breaking up with Kraft was hard to do, but worth the high price, a day after an arbitrator ruled it must pay a whopping $2.76 billion for ending the companies' grocery coffee partnership early.
Nov 13- Starbucks Corp on Wednesday said it could handle the whopping $2.76 billion payment it must make for ending its grocery coffee deal with Kraft Foods early but noted it would restate results for the latest quarter to show an operating loss and issue additional debt.
U.S. stock index futures pointed to a lower open on Wall Street on Wednesday as investors digested mixed signals from the Fed.
Some of the names on the move ahead of the open.
Nov 13- Starbucks Corp said it would restate fourth-quarter results to show an operating loss of $2.12 billion to reflect damages related to its dispute with Kraft Foods. Starbucks shares were down 1.8 percent at $79.15 in trading before the bell.
Nov 13- Starbucks Corp said it would restate fourth-quarter results to show an operating loss of $2.12 billion to reflect damages related to its dispute with Kraft Foods.
Nov 12- Starbucks Corp must pay Kraft Foods $2.76 billion after it ended the companies' grocery deal at least three years early, the coffee chain said on Tuesday. An arbitrator ruled that Starbucks must pay $2.23 billion in damages plus $527 million for interest and legal fees, Starbucks said. Based on the rules of binding arbitration, Starbucks cannot appeal.
Nov 12 (Reuters)- Starbucks Corp said on Tuesday an arbitrator has ruled that it must pay Kraft Foods $2.23 billion in damages plus $527 million in prejudgment interest and attorneys fees after the coffee chain's early termination of the companies' grocery deal.
CNBC's Dominic Chu reports Kraft is entitled to $2.23 billion in damages from Starbucks in a packaged coffee dispute and will also pay $527 million in interest and legal fees.
Since 2005, food companies have eliminated over 73 percent of the transfats in their products.
*Net profit falls to 229 mln Sfr, beats poll. ZURICH, Nov 7- Barry Callebaut, the world's No. 1 chocolate and cocoa maker, beat analysts' forecasts on Thursday as big food groups, such as Nestle and Mondelez, outsource more chocolate making and as confectionery sales rise worldwide.
Bulls could keep the upper hand in the coming week, even with increasing warning signs that the market could be getting bubbly.
Investors have made some nice profits on chocolate stocks and with growth in Asia exploding, the chocolate outlook is strong, this trader says.