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Packaged Food and Meats

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  • June 22- Ferrero, the maker of Nutella spread, has offered to buy British chocolate company Thorntons Plc for 112 million pounds, a rare acquisition by the Italian group. It marks the first move by the maker of Ferrero Rocher pralines since the death of its patriarch Michele Ferrero earlier this year. The company, a familiar name in Britain, has been struggling in...

  • June 19- Chocolate maker Hershey Co trimmed its full-year sales growth forecast citing weak sales in China, and said it would cut 300 jobs by the end of the year under a new cost-cutting program. Sales in China nearly halved in the first quarter compared with the same period of 2014, leading analysts to warn that Hershey's $450 million annual sales target for the...

  • June 19- Chocolate maker Hershey Co cut its full-year sales growth forecast, citing weak sales in China, and said it would cut 300 jobs by the end of the year. The company has also made changes to its leadership team under a new productivity program that it expects will result in $65 million to $75 million in pretax savings, primarily in 2016.. Hershey's shares were...

  • Obama administration cracking down on trans fats Tuesday, 16 Jun 2015 | 9:28 AM ET

    The Obama administration is cracking down on artificial trans fats, calling them a threat to public health.

  • LONDON, June 11- The European Commission said on Thursday it had approved the acquisition of Archer Daniels Midland Co's cocoa business by Olam International Ltd.. The $1.3 billion deal, Olam's biggest ever, will catapult the Singapore- based commodities firm into the top tier of global suppliers to the growing chocolate business. Olam will acquire one of the...

  • June 10- Natural packaged food maker Boulder Brands Inc forecast a quarterly sales decline for the first time in four years and said co-founder and Chief Executive Stephen Hughes resigned. Boulder said it expected second-quarter sales to be $122 million- $124 million, a drop of 5-7 percent from a year earlier, hurt by lower sales in its Balance diet foods...

  • June 10- Natural packaged food maker Boulder Brands Inc said Chief Executive Stephen Hughes resigned and it expected sales to fall in the second quarter, sending its shares down 15.5 percent in premarket trading. Hughes, who co-founded the company 10 years ago, will be replaced by COO James Leighton on an interim basis, the company said on Wednesday.

  • 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.

  • June 9- Campbell Soup Co said it would acquire salsa maker Garden Fresh Gourmet for $231 million to expand in the fresh and organic packaged foods business.

  • NEW YORK, June 7- Confectionery company Mars Inc has joined oil companies BP Plc and Royal Dutch Shell Plc to oppose planned new European financial market regulations, arguing that they would increase volatility and reduce liquidity in raw materials markets, according to a report by the Financial Times on Sunday. The companies, along with the European Cocoa...

  • Hamburger chain Wendy's to buy back $1.4 bln of shares Wednesday, 3 Jun 2015 | 7:52 AM ET

    June 3- Hamburger chain Wendy's Co said it would buy back $1.4 billion of shares by the end of 2016, including $211 million from Nelson Peltz's Trian Group, its largest shareholder. The company also adjusted its full-year earnings forecast on Wednesday to reflect the sale of its bakery operations. Wendy's said it expected 2015 adjusted earnings of 31- 33 cents...

  • *Q3 adjusted profit $0.62/ share vs estimate of $0.52. May 22- Packaged foods maker Campbell Soup Co on Friday reported an unexpectedly better quarterly profit, helped by lower spending on promotions, higher prices for its products and cost cuts. Shares of the company, known for its soups, Pepperidge Farm cookies and Goldfish crackers, rose about 1.5 percent.

  • May 22- Packaged foods maker Campbell Soup Co reported a better-than-expected quarterly profit, helped by lower promotions, higher selling prices and cost cuts. Shares of the company, known for its soups, Pepperidge Farm cookies and Goldfish crackers, rose 1.5 percent in premarket trading on Friday. The company said margins grew in its global baking and...

  • May 22- Packaged foods maker Campbell Soup Co reported lower-than-expected quarterly sales, hurt by a strong dollar and "movements in retailer inventory levels" in its U.S. soups business. Retailer Target Corp informed packaged food makers, including Campbell, that it would spend less on promoting some of their products and instead promote fresher items, the...

  • May 22- Packaged foods maker Campbell Soup Co reported lower-than-expected quarterly sales and profit, hurt by a strong dollar and "movements in retailer inventory levels" in its U.S. soups business. Retailer Target Corp informed packaged food makers, including Campbell, that it would spend less on promoting some of their products and instead promote fresher...

  • Bill Gates backs high-tech foods for the masses Thursday, 14 May 2015 | 10:00 AM ET
    food laboratory

    Food-tech companies are creating meat and dairy substitutes to meet global food demand. Will consumers have an appetite for these products?

  • Wall Street big wig sells pigs Wednesday, 13 May 2015 | 1:52 PM ET
    Wall Street big wig sells pigs

    Chris Andersen used to run the New York office for Drexel and has spent his career on Wall Street. Now he's investing millions to develop and market Mangalitsa pigs, the "Kobe beef of pork."

  • Ex-banker wants you to try the 'Kobe beef of pork' Wednesday, 13 May 2015 | 1:40 PM ET
    A Mangalitsa pig

    Former Wall Street financier Chris Andersen has spent a lifetime raising money on Wall Street. Now he's raising pigs.

  • Disruptor 50: No. 42 Impossible Foods Tuesday, 12 May 2015 | 7:00 AM ET
    Pat Brown, founder and CEO of Impossible Foods

    A Stanford biochemistry professor is upending the global food industry, promoting plant-based meat and cheese substitutes.

  • *Profit $0.06 per share vs est. May 6- Wendy's Co, the No.3 U.S. burger chain, reported better-than-expected quarterly same-restaurant sales, helped by increased traffic to its revamped outlets, and the company said it planned to sell its bakery operations this month. Wendy's launched a program in 2012 to revamp its image, creating a new logo, renovating...