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Food and Beverage Food Products

  • NEW YORK, June 9- For the last U.S.-based manufacturer of the red and white striped candy cane that is a ubiquitous North American holiday season treat, the sugar supply deal struck between Mexico and Washington is anything but sweet. The competitors of Ohio- based Spangler Candy Co have, over the years, moved their plants south to Mexico and beyond to gain...

  • NEW YORK, June 9- For the last U.S.-based manufacturer of the red and white striped candy cane that is a ubiquitous North American holiday season treat, the sugar supply deal struck between Mexico and Washington is anything but sweet. The competitors of Ohio- based Spangler Candy Co have, over the years, moved their plants south to Mexico and beyond to gain...

  • BRASILIA, June 8- A Brazilian presidential decree raising fines on banks and other companies involved in illicit acts aims to empower the country's central bank and the securities industry watchdog to boost transparency, Finance Minister Henrique Meirelles said on Thursday. An index of financial-sector companies on the Sao Paulo stock exchange fell...

  • BRASILIA, June 8- After its chief judge urged his peers to consider Brazil's political stability, the country's top electoral court on Thursday excluded testimony of engineering company executives in an illegal campaign funding case against President Michel Temer. That would clearly be a temporary win for Temer, but analysts say it would still leave him...

  • BRASILIA, June 8- Brazil's top electoral court on Thursday excluded testimony of engineering company executives from an illegal campaign funding trial against President Michel Temer, a move that suggested it would throw out a case that had threatened to unseat him. The Supreme Electoral Tribunal voted 4-3 to exclude plea-bargain testimony of Odebrecht SA...

  • BRASILIA, June 8- The majority of judges on Brazil's top electoral court argued on Thursday to exclude testimony by construction executives on illegal campaign funding, suggesting they could throw out a case that has threatened to force President Michel Temer from office. Exclusion of the plea bargain testimonies from Odebrecht SA executives by the Supreme...

  • CHICAGO/ HONG KONG, June 8- Smithfield Foods Inc's owner, China- based WH Group Ltd, is scouting for U.S. and European beef and poultry assets to buy, in a move that would sharpen its rivalry with global meat packers Tyson Foods Inc and JBS SA. Sullivan did not provide further detail, but parent WH Group is looking for targets in beef and poultry in the United States and...

  • MOSCOW, June 8- Russia's Sberbank said on Thursday that the Commercial Court in Zagreb has rejected its claim asking to bar Agrokor from entering into new financing agreements under a roll-up option. "This effectively means that, according to the judges who considered the applications, the current version of Lex Agrokor does not provide any protection for...

  • The company's net income fell to $110.4 million, or 96 cents per share, in the fourth quarter ended April 30, from $191 million, or $1.61 per share, a year earlier. Smucker recorded a $57.5 million impairment charge and a $21.5 million derivative loss in the fourth quarter. Excluding items, the company earned $1.80 per share, beating analysts' average estimate of...

  • MOSCOW, June 8- Russia's Sberbank, a major lender to Croatia's heavily indebted food producer and retailer Agrokor, has filed a lawsuit to a court in Zagreb seeking to prevent the company and its crisis manager from raising new loans. In a statement on Thursday, Sberbank said that the lawsuit, aimed at preventing new loans at a roll-up option, had been filed on June 7.

  • SAO PAULO/ BRASILIA, June 7- The Brazilian government has ordered state-controlled lender Caixa Econômica Federal to stop providing financing to a family of billionaires who accused President Michel Temer of working to obstruct a corruption probe, people familiar with the decision said on Tuesday. According to two of the people, The Temer administration...

  • A package of Tyson Foods Inc. chicken is arranged for a photograph in Tiskilwa, Illinois.

    Barclays recommends Tyson Foods shares, saying the company will report earnings above expectations next year.

  • SAO PAULO, June 6- Yields on Brazilian interest rate futures contracts fell on Tuesday after the minutes from the central bank's latest policy meeting reaffirmed its intention of slowing down the pace of rate cuts next month. Brazil's benchmark Bovespa stock index rose slightly, supported by rising shares of meatpacker JBS SA after its operations in...

  • Taco Bell introducing a new item to the menu

    CNBC's Jane Wells reports the latest move in the fast food breakfast wars.

  • Amazon offering discounts for people on foods stamps

    CNBC's Deirdre Bosa reports the latest on Amazon making a big announcement for people who receive food stamps.

  • In the closely watched case, Beef Products Inc claims ABC, a unit of Walt Disney Co, and its reporter Jim Avila, defamed the company by calling its ground-beef product pink slime and making errors and omissions in its reporting. "That success took about 30 years to succeed and it took ABC less than 30 days to severely damage the company," the attorney, Dan Webb, said in...

  • In the closely watched case, Beef Products Inc. claims ABC, a unit of Walt Disney Co., and its reporter Jim Avila, defamed the company by calling its ground-beef product pink slime and making errors and omissions in its reporting. But during a January court hearing, a BPI lawyer, Erik Connolly, said ABC broadcasts and online reports about "lean finely textured beef"...

  • In the closely watched case, Beef Products Inc. claims ABC, a unit of Walt Disney Co., and its reporter Jim Avila, defamed the company by calling its ground-beef product pink slime and making errors and omissions in its reporting. But during a January court hearing, a BPI lawyer, Erik Connolly, said ABC broadcasts and online reports about "lean finely textured beef"...

  • WINNIPEG/ CHICAGO/ BEIJING, June 5- Canada has overtaken the United States as the top North American supplier of pork to China as farmers and meat packers in both nations battle for lucrative shares of the biggest global market. Canada's pork sales to China, after a sharp rise last year, exceeded those of the United States in the first quarter of 2017.

  • CHICAGO, June 2- Chinese agricultural delegations are set to visit the United States in the coming months, raising hopes that Beijing may lift a ban on U.S. poultry imports. China has blocked American poultry imports since the United States suffered its worst-ever outbreak of avian flu in poultry in 2015, frustrating U.S. producers who have detected only a...