CNBC's Morgan Brennan reports on the latest lean hog figures as a pork glut is sending prices down.
Sept 29- ConAgra Foods Inc, the maker of Chef Boyardee pasta and Hunt's ketchup, reported lower-than-expected quarterly sales, hurt by lower demand for its grocery, snacks and frozen food items. The Chicago- based company's net sales fell 4.6 percent to $2.67 billion, missing the average analysts' estimate of $2.73 billion, according to Thomson Reuters I/B/E/S.
Demand for clean, healthy grub has spurred the use of "pure commodities" - ingredients you can actually recognize - by food manufacturers.
The fast casual restaurant chain is making changes to its bacon served in salads and sandwiches.
CHICAGO, Sept 9- With prices for U.S. livestock on the decline due to larger cattle and hog herds, meat processors are jumping on the jerky bandwagon. "It's one of those things where people think it has a health halo around it," said Darren Seifer, analyst at market research firm NPD Group. Purveyors of upscale jerky have gotten in on the act, including chocolate maker...
As the battle for the aisles of the supermarket continue, Jim Cramer is on high alert to avoid the most treacherous group in the market.
Aug 29- Mondelez International Inc, the maker of Oreo cookies and Cadbury chocolates, said it was no longer pursuing the acquisition of Hershey Co, two months after the U.S. chocolate company turned down its $23 billion cash-and-stock bid. An unrelated row between the trust and the Pennsylvania Attorney General's office ensued over the trust's governance,...
Aug 29- Mondelez International Inc, the maker of Oreo cookies and Cadbury chocolates, said it was no longer pursuing the acquisition of Hershey Co, two months after the U.S. chocolate company turned down its $23 billion cash-and-stock bid. The abandoned deal, which would have created the world's largest confectioner, underscores the grip that the charitable...
McDonald's recalls toys in kids' Happy Meals.
ZURICH, Aug 18- Nestle, the world's largest packaged foods maker, is counting on new products and price increases in the second half of the year to meet its full-year sales growth target after a weaker than expected first half, the company said on Thursday. The shares were up 1 percent at 79.1 Swiss francs by 1000 GMT. Organic sales growth, which excludes the impact of...
CNBC's Susan Li reports beef prices are on the decline and restaurants are paying less to make their hamburgers.
NEW YORK, Aug 2- Chocolate-maker Hershey and Google's parent company Alphabet spearheaded another deluge of deals in the US high-grade bond market Tuesday as companies seize the day to raise fresh cash. With a host of headline risks in the air- fallout of Britain's EU departure, a possible rates hike before the end of the year and the unpredictable US election-...
Bill Ackman worked for years to drive the supplement company out of business. It’s still in business, but maybe not for long.
Hershey reported its first rise in quarterly sales in a year, due to higher sales in North America that were helped by promotions.
Mondelez's quarterly net revenue fell nearly 18 percent, as a strong dollar eroded the value of sales from markets outside the U.S.
Meghan Ritchie, Megpies founder, discusses how her small pastry business hit it big time nationwide.
CNBC’s Jane Wells reports on the quinoa craze, America’s favorite gluten-free grain.
Mars is expanding its factory in Illinois to create more Skittles. Wrigley Americas President Casey Keller, discusses the popularity of the sweet candy.
CAVU Venture Partners' Rohan Oza, discusses the hottest healthy food and beverage trends right now.
Pork is one of the best performing commodities this year. CNBC's Kate Kelly reports from the World Pork Expo in Iowa, on increased demand of lean hogs.