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Food and Beverage Food Products

  • As meal kit service Blue Apron's IPO kicks off, Eric Kim, Goodwater Capital managing partner & co-founder, and David Seaburg, Cowen & Co. managing director, discuss how the company will able to grow as a public company with increased competition in food and grocery.

  • ConAgra Foods products

    Chef Boyardee pasta maker ConAgra reported a 29 percent rise in quarterly profit as it cut back on promotions and jettisoned low-margin products.

  • June 28- Wall Street stock rallied sharply on Wednesday, with the benchmark S&P 500 index scoring its biggest one-day percentage gain in about two months, as financial and technology stocks led a broad market rebound. The S&P 500 had suffered its biggest one-day drop in about six weeks on Tuesday after a healthcare bill was delayed in the U.S. Senate.

  • June 28- Wall Street rallied sharply on Wednesday, with the S&P 500 scoring its biggest one-day percentage gain in about two months, as financial and tech stocks led a broad market rebound. The benchmark S&P had suffered its biggest one-day drop in about six weeks on Tuesday after a healthcare bill was delayed in the U.S. Senate. Investors may be reevaluating the...

  • June 28- The S&P 500 on Wednesday was on pace for its biggest one-day percentage gain in about two months as financial and tech stocks led a broad market rebound. The benchmark S&P had suffered its biggest one-day drop in about six weeks on Tuesday after a healthcare bill was delayed in the U.S. Senate. Investors may be reevaluating their assessment of the impact of...

  • ZURICH/ LONDON, June 28- Nestle's plan to shore up its capital structure, announced only days after being thrust into the spotlight by activist shareholder Third Point, was received by investors as a precursor to bigger changes under the company's new leadership. Shares in the world's largest foodmaker rose as much as 2 percent on Wednesday, close to the record...

  • The meal kit boom is still coming despite Blue Apron IPO troubles

    The NPD predicts that increased online grocery shopping will lead more consumers to subscribe to meal kit services.

  • BPI had claimed that ABC, a unit of Walt Disney Co, and Avila defamed the company by calling its ground-beef product pink slime and making errors and omissions in a 2012 report. ABC stood by its reporting, which it has said deserved protection under the U.S. "Throughout this case, we have maintained that our reports accurately presented the facts and views of...

  • BPI had claimed ABC, a unit of Walt Disney Co, and Avila defamed the company by calling its ground-beef product pink slime and making errors and omissions in a 2012 report. ABC stood by its reporting, which it has said deserved protection under the U.S. "Throughout this case, we have maintained that our reports accurately presented the facts and views of...

  • However, on a post-earnings call General Mills Chief Executive Jeff Harmening played down the impact. General Mills- the first packaged foods maker to report since the Amazon-Whole Foods deal- has "great relationships" with both companies, Harmening said. The company sells its Annie's line of organic foods at Whole Foods, while it sells a broad range of products...

  • BPI had claimed ABC, a unit of Walt Disney Co, and Avila defamed the company by calling its ground-beef product pink slime and making errors and omissions in a 2012 report. ABC stood by its reporting, which it has said deserved protection under the U.S. "Throughout this case, we have maintained that our reports accurately presented the facts and views of...

  • SAO PAULO/ BRASILIA, June 28- Loan defaults in Brazil hit a fresh record in May, the latest evidence that the country's harshest recession ever and fallout from a wave of corruption probes have significantly hampered the ability of corporate borrowers to stay current on their debt. Loan book quality has suffered in the face of Brazil's recession and "Operation...

  • June 28- Beef Products Inc has settled its defamation and libel lawsuit against American Broadcasting Co and its reporter Jim Avila, the meat processor said on Wednesday. BPI had claimed ABC, a unit of Walt Disney Co, and Avila defamed the company by using the term pink slime and making errors and omissions in its 2012 reporting on what the company calls its "lean...

  • June 28- Beef Products Inc has settled its defamation and libel suit against American Broadcasting Co and its reporter Jim Avila, the meat processor said on Wednesday. BPI had claimed ABC, a unit of Walt Disney Co, and Avila defamed the company by using the term pink slime and making errors and omissions in its 2012 reporting on what the company calls its "lean finely...

  • June 28- South Dakota meat processor Beef Products Inc has settled its defamation and libel suit against American Broadcasting Company and its reporter Jim Avila, BPI said in a statement on Wednesday. BPI claimed ABC, a unit of Walt Disney Co, and Avila defamed the company by using the term pink slime and making errors and omissions in its 2012 reporting on the...

  • Selling and other expenses fell 10.2 percent to $2.80 billion in the fourth quarter, with advertising and media expenses dropping 17 percent. Net income attributable to the company rose to $408.9 million, or 69 cents per share, in the three months ended May 28, from $379.6 million, or 62 cents per share, a year earlier. Analysts on average had expected earnings of 71...

  • June 28- Cheerios cereal maker General Mills Inc reported a 7.7 percent rise in quarterly profit on Wednesday as the company kept a tight lid on costs and cut back on promotions. Net income attributable to General Mills rose to $408.9 million, or 69 cents per share, in the fourth quarter ended May 28, from $379.6 million, or 62 cents per share, a year earlier.

  • Nestle would have announced buyback regardless of Third Point pressure: Analyst

    Vontobel analyst Jean-Philippe Bertschy weighs in on the relationship between Nestle and activist investor Third Point.

  • Food safety is a key issue in China and something The Dow Chemical Company is addressing as a genetically modified seeds provider.

    The Dow Chemical Company said continuing public education will help dispel food safety concerns surrounding GM crops in China.

  • Dow Chemicals' farm-to-fork approach in China

    Peter Wong, the Dow Chemical Company, talks to CNBC about how the company is working with the Chinese government to bring GMO food to consumers.