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Food and Beverage Food Products

  • SAO PAULO, May 12- Brazilian stocks rose on Friday for the fourth straight day as Petroleo Brasileiro SA shares hit an 11- week high after the state-controlled oil company reported its strongest operating profit ever. In Mexico, Economy Minister Ildefonso Guajardo said he expected negotiations on the North American Free Trade Agreement with the United...

  • BRASILIA/ RIO DE JANEIRO, May 12- Brazilian police are investigating suspected fraud in loans to JBS SA, the world's largest meatpacker, by state development bank BNDES, according to federal court documents released on Friday, adding to scandals circling the company. The Brasilia- based court issued orders to bring in brothers Joesley and Wesley Batista, JBS...

  • SAO PAULO, May 12- Brazilian federal audit court TCU said it will investigate whether support from development bank BNDES for meatpacker JBS SA caused losses to taxpayers, according to a statement Friday.

  • SAO PAULO, May 12- A Brazilian court on Friday confirmed two founders of JBS SA, the world's largest meatpacker, were targeted in a criminal investigation related to loans received by the company from development bank BNDES, according to a court document. The court also confirmed an order to bring brothers Joesley and Wesley Batista, the chairman and chief...

  • NEW YORK, May 12- Beef companies, credit card firms and liquefied natural gas exporters emerged as potential corporate winners on Friday in the wake of trade agreements reached between the United States and China. In one of the actions laid out under the agreement, by July 16, China agreed to issue guidelines that would allow U.S.-owned card payment services "to...

  • BEIJING, May 12- Wilmar International Ltd said on Thursday it would consider listing its operations in China, its biggest market, as part of a major restructuring following the release of its quarterly results. The world's largest palm oil processor first entered China in 1993 through a joint venture with Top Glory Holding Co. In a 2016 annual report, it said it...

  • President Donald Trump (L) and China's President Xi Jinping shake hands while walking at Mar-a-Lago estate after a bilateral meeting in Palm Beach, Florida, April 7, 2017.

    The U.S. and China will expand trade in beef and chicken and increase access for financial firms, U.S. Commerce Secretary Ross said Thursday.

  • Cramer Remix: Aliens — yes, aliens — are the reason Macy’s is getting crushed

    Jim Cramer reveals the other-worldly culprit that sunk Macy’s stock on Thursday.

  • Jim Cramer on "Mad Money"

    Jim Cramer reveals the other-worldly culprit that sunk Macy’s stock on Thursday.

  • Unilever CEO: It's better if Buffett 'leaves us with what we know how to do well'

    Jim Cramer spoke with Unilever CEO Paul Polman about Kraft Heinz's botched takeover and the future of the company.

  • Paul Polman, chief executive officer of Unilever NV.

    Jim Cramer spoke with Unilever CEO Paul Polman about Kraft Heinz's botched takeover and the future of the company.

  • *Q1 profit $361.6 mln vs year ago $239.4 mln. According to its annual report, Wilmar is the top edible oils refiner as well as speciality fats and oleochemicals manufacturer in China, where it is also among the largest flour and rice millers. China is the company's biggest market by revenue, where it also sells edible oils, grains and noodles under its brands.

  • *Chinese investment in Israel jumps more than tenfold in 2016. HONG KONG/ TEL AVIV, May 11- Struggling to seal deals in the United States as regulatory scrutiny tightens, Chinese companies looking to invest in promising technology are finding a warmer welcome for their cash in Israel. Last year, Chinese investment into Israel jumped more than tenfold to a record...

  • SAO PAULO, May 10- JBS SA, the world's largest meat processor, may postpone the New York listing of a global food processing unit originally expected for the second quarter because of lukewarm investor feedback after a scandal in Brazil, two people with knowledge of the situation said. The scandal broke weeks before JBS was due to launch the initial public...

  • SAO PAULO, May 10- Fifty-seven meat importers in Brazil toughened controls on shipments in the wake of a food safety scandal in March but no problems with production have been found, Agriculture Minister Blairo Maggi told a congressional hearing on Wednesday. As part of the government's efforts to reassure buyers of the quality of Brazilian meat, Maggi is due to...

  • BOSTON, May 10- Billionaire investor William Ackman is making money on one of his new investment ideas, but he declined on Wednesday to identify the portfolio company, which has gained 30 percent since he first bought it. One makes up roughly 5 percent of Pershing Square Capital Management's $11 billion of capital and has gained about 30 percent, Ackman said.

  • BOSTON, May 10- Billionaire investor William Ackman is making money on one of his new investment ideas, but he declined on Wednesday to identify the portfolio company, which has gained 30 percent since he first bought it. One makes up roughly 5 percent of Pershing Square Capital Management's $11 billion of capital and has gained about 30 percent, Ackman said.

  • *Shares hit near 10- yr high at $16.12. The U.S. burger chain has been promoting its value meals such as "4 for $4" to attract diners, as grocery prices have fallen in recent months, encouraging more people to cook at home. Wendy's in January added the Double Stack cheeseburger, which includes a burger, chicken nuggets, a small serving of fries and a drink, to its "4 for $4"...

  • May 10- Wendy's Co reported higher-than-expected quarterly same-restaurant sales and profit, driven by the popularity of its value meals such as "4 for $4" and lower costs. Wendy's in January added the Double Stack cheeseburger, which includes a burger, chicken nuggets, a small serving of fries and a drink, to its "4 for $4" value meals. Net income fell to $22.3 million...

  • SAO PAULO, May 10- JBS SA, the world's largest meat processor, may postpone the New York listing of a global food processing unit originally expected for the second quarter because of lukewarm investor feedback after a scandal in Brazil, two people with knowledge of the situation said. The scandal broke weeks before JBS was due to launch the initial public...