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Food and Beverage Food Products

  • 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...

  • Discussions that may have led to a potential deal between Conagra and Pinnacle Foods have come to a conclusion, sources told CNBC's David Faber.

  • Happy National Donut Day: Dunkin' CEO

    Nigel Travis, Dunkin' Brands CEO, talks about the company's celebration of donuts, its strategy to grow social media and compete in the coffee market. Also Travis shares his thoughts about climate change and the difficulty in finding workers.

  • *'Made in Italy' labelling project could be ditched- sources. MILAN, June 2- For the Italian government, it seemed like a recipe for success: create an official "Made in Italy" logo to defend the country's finest food exports from an army of foreign impersonators. Instead of unifying Italy's food industry against a common enemy that is bagging billions of euros in sales,...

  • RIO DE JANEIRO, June 1- The chief executive officer of Brazil's development bank BNDES said on Thursday that controlling shareholders in companies in which the bank has investments must leave if it is found they are involved in any corruption schemes. Paulo Rabello de Castro did not name the world's largest meatpacker, JBS SA, in which the bank's investment arm...

  • The earnings miss was due largely to a drop in the volume of cheese sales in the United States, and follows a weak quarter for many U.S. food companies, said Brittany Weissman, analyst at Edward Jones. On an adjusted basis, Montreal- based Saputo earned C $165 million, or 42 cents per share, in its fourth quarter, missing expectations for 48 cents, according to Thomson...

  • BRASILIA, June 1- Brazil's economy emerged from its worst recession on record with its fastest growth rate in nearly four years, data showed on Thursday, boosting President Michel Temer's case for staying in office as he battles a corruption scandal. Brazil's gross domestic product grew 1.0 percent in the first quarter from the preceding one, matching...

  • Rethinking food packaging

    Peter Rahal, RXBAR CEO, weighs in on how important branding and packaging is for a product.

  • BRASILIA, June 1- Brazil's economy emerged from its worst recession on record with its fastest growth rate in nearly four years, data showed on Thursday, boosting President Michel Temer's case for staying in office as he battles a corruption scandal. Brazil's gross domestic product grew 1.0 percent in the first quarter from the preceding one, matching...

  • BRASILIA, May 31- Brazil's central bank cut interest rates to a more than three-year low on Wednesday but said it was ready to dial down the pace of easing during a political crisis that threatens government efforts to plug a widening fiscal gap. Corruption allegations against President Michel Temer, which threaten to unseat the center-right politician and...

  • May 31- Brazil's scandal-plagued President Michel Temer has gained some breathing room due to an incipient economic recovery and the failure of his allies to agree on a caretaker to keep his fiscal reforms on track if he is ousted. Temer, who is being investigated for corruption by the Supreme Court, went on the offensive this week to convince Brazilians he is...

  • SAO PAULO, May 31- Brazilian and Mexican stocks fell on Wednesday, tracking a decline in commodities prices, while Latin American currencies gained as political tension in Washington broadly weighed on the dollar. Shares of Brazilian iron ore miner Vale SA and state-controlled oil company Petróleo Brasileiro SA fell along with Mexican miner Penoles as...

  • SAO PAULO, May 31- Brazilian shares dropped on Wednesday tracking a decline in prices of commodities, but stocks in meatpacker JBS SA jumped after its controlling shareholder struck a leniency deal with authorities for its part in a corruption scandal. Shares of iron ore miner Vale SA and state-controlled oil company Petróleo Brasileiro SA subtracted the...

  • BRASILIA, May 31- Brazil's central bank is widely expected to maintain its rapid pace of interest rate cuts on Wednesday despite a political crisis that has clouded the future of an economy slowly emerging from its worst recession ever. "Given the political uncertainties and the clouds hovering above the fiscal policy outlook, we expect monetary authorities...

  • BRASILIA/ SAO PAULO, May 31- J&F Investimentos, controlling shareholder of the globe's largest meatpacker JBS SA, agreed to pay a record-setting 10.3 billion real fine for its role in corruption scandals that threaten to oust President Michel Temer, Brazilian prosecutors said. The settlement means that Brazil's three-year sweeping graft investigations...

  • BRASILIA, May 31- Brazil's unemployment rate fell unexpectedly in the three months through April from a record high, government data showed on Wednesday, in a sign the labor market could be stabilizing as the economy appears to be emerging from recession. "The labor market showed some early signs of stabilization," wrote Alberto Ramos, Latin America economist at...

  • May 31- Brazil's scandal-plagued President Michel Temer has gained some breathing room from an incipient economic recovery and the failure of his allies to agree on a caretaker to keep his fiscal reforms on track if he is ousted. If we see that they are not advancing, then we should quickly look for an alternative government, "Congressman Eduardo Cury, a vice...