Food and Beverage
Beverages
SAN FRANCISCO, Sept 19- A U.S. appeals court sided with the beverage industry on Tuesday, granting its request to block a San Francisco ordinance mandating health warnings for soda and other sugary drinks. The 9th U.S. Circuit Court of Appeals ruled that San Francisco's ordinance unfairly targeted one group of products. The San Francisco ordinance is part of a...
*Pan-European STOXX 600 index ends little changed. MILAN, Sept 19- Dealmaking talk lifted European telecom stocks on Tuesday, helping the unloved sector stand out in an otherwise quiet session, where investors were waiting for the outcome of a Federal Reserve meeting. The pan-European STOXX 600 index ended flat as traders awaited clues from the Fed about plans...
Sept 19- A U.S. appeals court on Tuesday sided with the beverage industry, granting a preliminary injunction to block a San Francisco ordinance mandating health warnings for soda. A three-judge panel from the 9th U.S. Circuit Court of Appeals ruled that the plaintiffs, including the American Beverage Association and the California Retailers Association, were...
LONDON, Sept 19- European shares opened slightly lower on Tuesday as traders awaited clues from a Federal Reserve meeting on its plans to move towards unwinding its $4.2- trillion portfolio of Treasuries and mortgage-backed securities. Despite Wall Street reaching new highs yet again, shares in Europe followed Asia's overnight caution with the...
The new restaurant stocks Dubai's most-extensive selection of American craft beer, part of a major $23.5 billion market for customers wanting a different style of ale. It represents a new scene for Dubai, long known as the Manhattan of the Mideast, with chic skyscraper bars serving the fanciest of cocktails while the typical tap offers only the standard lagers.
MEXICO CITY, Sept 18- Fomento Economico Mexicano said on Monday it had sold a stake of 5.24 percent in Heineken, the world's second largest brewer for some 2.5 billion euros. Femsa said the offer consisted of 3.9 percent of Heineken NV's equity at a price of 84.5 euros per shares, worth some 1.9 billion euros in total, as well as shares representing some 2.67 percent...
MEXICO CITY, Sept 18- Heineken shareholder Fomento Economico Mexicano said on Monday it was planning to sell an approximate 5 percent stake in the world's second largest brewer, worth 2.5 billion euros. LArche Green, the company through which the Heineken family exercises control of Heineken Holding, said it would buy back shares worth 200 million euros.
MEXICO CITY, Sept 18- Heineken Holding NV shareholder Fomento Economico Mexicano said on Monday it was planning to sell an approximate 5 percent stake in the Dutch brewery, worth 2.5 billion euros. Femsa holds 12.53 percent of Heineken, or roughly 72 million shares, according to Thomson Reuters data. Shares in Femsa at 1238 local time on Monday were up about 1.5...
MILAN, Sept 18- State-owned China National Chemical Corp will give up control of Pirelli as part of the Italian tyremaker's return to the bourse to show Beijing has a market friendly approach to investments in Europe, Pirelli's chief executive said on Monday. Pirelli has long said the Chinese had a hands-off attitude to the company's management, but their...
Agriculture Secretary Sonny Perdue, flew over hundreds of miles of Florida farmland to view the damage. Putnam said the citrus crop in southwest Florida is particularly devastated. Florida is the nation's largest juice producer.
Jim Cramer reveals how the market may be fibbing when it comes to some big time data.
Jim Cramer sits down with Tom Maas, the CEO of Agave Loco and creator of RumChata, to hear more about his savvy marketing tactics.
Jim Cramer sits down with Tom Maas, the CEO of Agave Loco and creator of RumChata, to hear more about his savvy marketing tactics.
Jim Cramer reveals how the market may be fibbing when it comes to some big time data.
Jim Cramer sat down with Tom Maas, the CEO of Agave Loco and creator of RumChata, to hear more about his savvy marketing tactics.
The restaurant blamed a company it uses to clean its beer lines, Kramer Beverage Co., of Hammonton, New Jersey. A New Jersey man severely burned after drinking a beer tainted by a caustic chemical at an Atlantic City casino restaurant has been awarded $750,000. Paul D'Amato, the lawyer for Richard Washart, tells The Associated Press the jury awarded him $650,000...
LONDON/ LOS ANGELES, Sept 15- Nestle's high-priced purchase of a majority stake in California- based coffee bar chain Blue Bottle this week, highlights how big companies are seeking exposure to fast-growing premium brands driven by millenials. "There are certainly going to be further purchases at all levels of the price tier," said Matthew Barry, beverage analyst...
LONDON/ LOS ANGELES, Sept 14- Nestle has bought a majority stake in California- based Blue Bottle Coffee, marking a first step by the packaged coffee leader into the hipster world of speciality bars that serve high-end, single-origin and cold brewed coffees. It is the fourth deal this year by new chief executive Mark Schneider, an external hire brought in last year...
Big companies have been hot for premium coffee: Peet's Coffee& Tea bought Stumptown two years ago, and also took a majority stake in Intelligentsia weeks later. Swiss-based Nestle, which already owns coffee brands Nescafe and Nespresso, says Oakland, California- based Blue Bottle will help it boost its coffee business in the United States. Blue Bottle has about 40...
LONDON/ LOS ANGELES, Sept 14- Nestle has bought a majority stake in Blue Bottle Coffee, stepping into the world of high-end speciality coffee bars. The move comes amid consolidation in the so-called third-wave coffee sector in the United States. California- based Blue Bottle has raised nearly $121 million in funding from high-profile investors including...
