Feb 21- Shares of Kraft Heinz Co slumped 20 percent late on Thursday after the food company posted a quarterly loss, disclosed an SEC investigation and wrote down the value of its iconic Kraft and Oscar Mayer brands as it highlighted the tough environment for the packaged food industry. "Kraft Heinz results confirmed all our worst fears plus more," Guggenheim...
Feb 21- Shares of Kraft Heinz Co slumped 20 percent on Thursday after the food company posted a quarterly loss, disclosed an SEC investigation and wrote down the value of its Kraft and Oscar Mayer brands as it highlighted the tough environment for the packaged food industry. Heinz Co bought Kraft Foods Group Inc in 2015, to create the world's fifth largest food...
Feb 21- AT&T Inc pulled all its advertising from Alphabet Inc's YouTube for the second time in two years after a magazine reported the platform displayed ads next to videos that showed the exploitation of children. "Until Google can protect our brand from offensive content of any kind, we are removing all advertising from YouTube," an AT&T spokesman said in a...
ZURICH, Feb 21- Nestle is investing $115 million to expand its Purina factory in Bloomfield, in the U.S. state of Missouri, the Swiss foodmaker said on Thursday, as it seeks to increase production of cat litter. The investment will increase production of the Tidy Cats brand, sales of which have grown 18 percent over the past four years, the company said.
A group of California legislators on Wednesday announced a package of five bills that target sugary beverages they say contribute to diabetes, obesity and other health conditions.
CONSTELLATION BRANDS INC EXEC- EXPECTS HIGH END BEER MARKET TO GROW MID-SINGLE DIGITS IN THE COMING YEAR- CAGNY CONF.
To prevent consumers from becoming confused between regular milk and plant-based milk, dairy farmers are asking the FDA to enforce the definition of milk as "lacteal secretion from milking one or more healthy cows," NBC News reports.
WELLINGTON, Feb 20- Global dairy prices rose for the sixth sale in a row at a fortnightly auction held early on Wednesday, cementing hopes of an ongoing recovery from a dip in 2018.. Softer global supply and slower-than-expected production growth out of New Zealand, the world's biggest dairy exporter, was supporting prices, a reverse after falling for much of...
The Coffee Centre near Dubai's Jebel Ali port is a temperature-controlled facility offering infrastructure and services for processing and delivery of coffee, and the only location in the Middle East that offers green bean storage and processing. Rather than being locked into long-term bulk deals with major retailers, coffee traders could use Dubai as a...
The Coffee Centre near Dubai's Jebel Ali port is a temperature-controlled facility offering infrastructure and services for processing and delivery of coffee, and the only location in the Middle East that offers green bean storage and processing. Rather than being locked into long-term bulk deals with major retailers, coffee traders could use Dubai as a...
NEW YORK, Feb 15- Wall Street rallied on Friday, with the Dow and the Nasdaq posting their eighth consecutive weekly gains as investors grew hopeful that the United States and China would hammer out an agreement resolving their protracted trade war. Talks between the United States and China will resume in Washington next week, with both sides saying progress has...
*U.S.- China trade talks to continue next week. NEW YORK, Feb 15- Wall Street rallied on Friday on growing hopes the United States and China can hammer out an agreement resolving their protracted trade war. Talks between the United States and China will resume in Washington next week, with both sides saying progress has been made toward resolving the two countries'...
*Trade talks enter higher level in Beijing. Feb 14- U.S. stocks recovered from declines triggered by bleak retail data to trade flat on Thursday, as investors focused on signs of progress in the ongoing U.S.- China trade talks. It is creating a risk to outlook from some of these companies in more cyclical areas like retail, "said Hugo Rogers, chief investment...
LONDON, Feb 14- Optimism about U.S.- China trade talks and strong results from Nestle, AstraZeneca and Airbus helped European shares extend their winning streak on Thursday to hit their highest in three months. The pan-European STOXX 600 was up 0.5 percent at 0938 GMT, with Paris' CAC 40 up 0.6 percent, and London's FTSE 100 up 0.4 percent. "Given that on this occasion...
LONDON, Feb 14- Optimism about U.S.- China trade talks, strong results from Nestle, AstraZeneca and Airbus helped European shares extend their winning streak to hit their highest in three months on Thursday. The pan-European STOXX 600 was up 0.5 percent at 0840 GMT, with Paris' CAC 40 up 0.7 percent, and London's FTSE 100 up 0.3 percent. Nestle, the world's top food and...
COPENHAGEN, Feb 13- It is almost a barman's dream- a keg that can monitor beer levels and alert the brewery for more supplies when stocks are running low, cutting the risk of running out of beer. "This allows us to make sure the right product is available at the right place at the right time," Nancy Cruickshank, who heads digital transformation at Carlsberg, said in an...
NEW YORK, Feb 12- American whiskey makers are feeling the pain after their major overseas markets imposed hefty duties on their liquor in retaliation against President Donald Trump's tariffs on aluminum imports. But once levies from Canada, Mexico, China and the European Union took effect, the collective whiskey exports from 37 U.S. states fell by 8 percent in...
NEW YORK, Feb 12- American whiskey makers are feeling the pain after their major overseas markets imposed hefty duties on their liquor in retaliation against President Donald Trump's tariffs on aluminum imports. But once levies from Canada, Mexico, China and the European Union took effect, the collective whiskey exports from 37 U.S. states fell by 8 percent in...
Dunkin’ CEO David Hoffman breaks down the company's latest earnings report and its future growth with CNBC's "Power Lunch" team.
French spirits group Pernod Ricard, which is being targeted by activist investor Elliott, vowed to improve profit margins and shareholders' returns in a new three-year strategy plan.
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