Food Products Packaged Food and Meats

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  • Oct 28- Chocolate maker Hershey Co cut its full-year profit forecast, hurt by weak demand in North America and higher marketing costs ahead of the holiday season. Profit is now expected to be $4.10 per share compared with the $4.10- $4.18 it anticipated earlier, as it expects to "markedly" ramp up spending during the holiday quarter. Net income fell to $154.8 million,...

  • Chocolate maker Hershey posts 31 pct drop in profit Wednesday, 28 Oct 2015 | 7:16 AM ET

    Oct 28- Chocolate maker Hershey Co reported a 31 percent slump in quarterly profit, hurt by weak demand for candy, mint and gum in North America. The company's net income fell to $154.8 million, or 70 cents per share, in the third quarter ended Oct. 4, from $223.7 million, or $1 per share, a year earlier. Net sales were nearly flat at $1.96 billion.

  • Snacks maker Snyder's to buy Diamond Foods Wednesday, 28 Oct 2015 | 6:20 AM ET
    Products of Diamond Foods as shown on their website

    Diamond Foods said it will be acquired by snacks maker Snyder's-Lance for about $1.91 billion, including about $640 million in debt.

  • Eating bacon causes cancer: study Monday, 26 Oct 2015 | 8:00 AM ET
    Eating bacon causes cancer: study

    The meat industry is fighting back against a World Health Organization ruling that processed meats cause cancer.

  • Bacon's as bad as asbestos? WHO thinks so: Report Saturday, 24 Oct 2015 | 9:50 AM ET
    Schmacon: It’s bacon, without the pork.

    The WHO is expected to list bacon alongside a list of cancer causing agents, The Daily Mail reported.

  • WINNIPEG, Manitoba/ NEW YORK, Oct 22- From Canada to India, there is a squeeze on mustard that has put producers in a pickle. The higher prices threaten to drive up costs for Kraft Heinz Co, maker of Grey Poupon, and Reckitt Benckiser Group Plc, maker of French's, which hold more than 40 percent of the market share for North America's fourth-favorite condiment by sales...

  • VEVEY, Switzerland, Oct 16- Nestle, the world's largest packaged food company, lowered its full-year outlook on Friday, as a Maggi noodle recall in India knocked sales and undercalculated U.S. Skin Health rebates weighed on the Swiss company's profits. "The shortfall comes from pricing, as Nestle does not seem to have been able to pursue its pricing actions as hoped,...

  • Oct 1- ConAgra Foods Inc said it will cut about 1,500 jobs and outsource technology and back office positions, joining other packaged food companies in announcing cost cuts, and the company also plans to move its headquarters to Chicago from Omaha. ConAgra rivals including Campbell Soup Co and General Mills have cut jobs and costs as consumers shift to fresher...

  • LONDON, Sept 29- The owners of Quorn, a line of meat-free packaged foods, is facing takeover interest from a range of parties from Asia, Europe and North America, as they look to cash in on the world's growing appetite for healthier food. Monde Nissin from the Philippines and Wilmar International from Singapore are among the parties to have shown an interest,...

  • The player to watch in fast-casual delivery biz Saturday, 19 Sep 2015 | 2:00 PM ET
    Munchery

    Move over GrubHub. A new start-up is shaking up the industry. Its spin: top chef-cooked meals delivered to your home in 20 minutes.

  • B&G Foods to buy iconic Green Giant for $765 million Thursday, 3 Sep 2015 | 10:03 AM ET
    General Mills' Green Giant brand frozen vegetables for sale at a supermarket in Princeton, Illinois.

    Snack food company B&G Foods said it will buy General Mills' Green Giant frozen food and Le Sueur canned vegetable businesses for about $765 million in cash.

  • Campbell Soup sales fall 8.6 percent Thursday, 3 Sep 2015 | 7:26 AM ET

    Sept 3- Packaged foods maker Campbell Soup Co reported an 8.6 percent fall in quarterly sales, hurt by a strong dollar and weak sales in its U.S. simple meals business. Net income attributable to the company fell to $68 million, or 22 cents per share, in the fourth quarter ended Aug. 2, from $137 million, or 43 cents per share, a year earlier. Net sales fell to $1.69 billion...

  • India watchdog wants more control on your kids' diet Thursday, 27 Aug 2015 | 9:13 PM ET

    Tensions are rising between food companies and India's food safety regulator, seeking to assert its authority, the FT reports.

  • Kraft voluntarily recalls 36K cases of cheese Sunday, 2 Aug 2015 | 5:39 PM ET
    Packages of Kraft Singles American cheese product sit on the shelf of a market in San Francisco.

    Kraft voluntarily recalled 36,000 cases of Kraft Singles American and White American prepared cheese product due to a choking hazard, NBC reports.

  • The rise of Goya and Latino culture in U.S. Friday, 24 Jul 2015 | 5:00 PM ET
    The rise of Goya and Latino culture in U.S.

    Goya President Robert Unanue, compares the story of Goya's business, to the story of Latinos' immigration into the U.S. Over the last 10 years, Hispanic population has increased 62 percent. Goya food has grown its reach and popularity among the people at the same time.

  • New taste in food industry Friday, 17 Jul 2015 | 7:33 AM ET
    New taste in food industry

    Noam Gottesman, Nomad Foods co-chairman, discusses his multibillion-dollar bet on frozen foods and ready-meals. Frozen food is much less wasteful than fresh food, says Gottesman.

  • China launches global hunt for 'zombie meat' suppliers Sunday, 12 Jul 2015 | 11:13 PM ET
    Workers cut slaughtered pigs in a cooler at a meat processing plant in Qionglai, Sichuan Province, China

    China will launch a campaign to track down the origins of smuggled frozen meat as the country intensifies its campaign against the illegal trade.

  • Listening to consumer, no antibiotics ever: Perdue chairman

    CNBC's Sara Eisen joins Jim Perdue, Perdue Chairman and advertising spokesman of Perdue Farms since 1991, for an exclusive interview.

  • 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.

  • 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?