Dec 21- U.S. chocolate maker Hershey Co named Chief Operating Officer Michele Buck as its chief executive and president, pinning its hopes on a company veteran to build on a recovery in demand in North America. Buck, whose appointment is effective March 1, will succeed John Bilbrey, who said in October he would retire as CEO and president. Hershey said in October...
Dec 21- U.S. chocolate maker Hershey Co named Chief Operating Officer Michele Buck as its chief executive and president, effective March 1. Buck will succeed John Bilbrey, who said in October he would retire as CEO and president. The maker of Hershey's Kisses, which rejected a $23 billion offer from Mondelez International Inc in August, is now working to cut costs by...
Kraft-Heinz is planning to acquire Mondelez, which is currently in the midst of a $3 billion cost saving program, according to a report.
NEW YORK, Dec 11- Packaged foods maker TreeHouse Foods Inc on Sunday recalled certain macaroni and cheese cup products containing cheddar cheese seasoning, saying they may be contaminated with salmonella. The company said no illnesses had been reported and that the products had been distributed nationwide through retail stores. The U.S. Centers for Disease...
LONDON, Dec 1- Nestle, the world's largest packaged food group, said it had devised a new technology that has the potential to reduce sugar in some of its confectionery products by up to 40 percent without affecting the taste. The maker of Kitkat and Aero bars said its researchers have found a way using only natural ingredients to change the structure of sugar...
Sabra Dipping Co. is recalling certain hummus products, due to concerns over possible Listeria contamination.
Dean Metropoulos, Hostess executive chairman, discusses saving the Hostess brand and its return to public trading under the ticker TWNK.
Nov 3- Kraft Heinz Co, the maker of Velveeta cheese, Heinz ketchup and Oscar Mayer meats, reported on Thursday quarterly sales fell 1.5 percent, as the company continues to cope with changing consumer tastes. Kraft Heinz was formed after Kraft Foods Group merged with H.J. Adjusted net sales in the third quarter ended Oct. 2 fell to $6.27 billion from $6.36 billion a...
The latest advances in the highly automated food-manufacturing sector show robot mastery of a delicate human task: egg handling.
Kellogg reported a better-than-expected profit, helped by cost-cutting and lower cost of goods sold, but sales fell for the seventh straight quarter.
Mondelez reported a 6.6 percent drop in quarterly revenue, largely due to deconsolidation of its Venezuelan operations.
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.
McDonald's recalls toys in kids' Happy Meals.
CNBC's Susan Li reports beef prices are on the decline and restaurants are paying less to make their hamburgers.
Bill Ackman worked for years to drive the supplement company out of business. It’s still in business, but maybe not for long.