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Food and Beverage Food Products

  • Jim Cramer on Mad Money.

    Jim Cramer addressed acquisitions by Post Holdings and Cardinal Health that Wall Street seems to have missed.

  • April 25- McDonald's Corp reported a better-than-expected rise in quarterly profit and U.S. same-restaurant sales on lower costs, all-day breakfast, $1 drinks and promotions on its popular Big Macs, signaling the company's plan to keep customers coming back to its restaurants has gained traction. McDonald's shares on Tuesday popped to an all-time high,...

  • April 25- Tyson Foods Inc, the No. 1 U.S. meat processor, said on Tuesday it would buy packaged sandwich supplier AdvancePierre Foods Holdings Inc for about $3.2 billion in cash, to expand its fast-growing portfolio of prepared food brands. AdvancePierre, whose shares hit a record high of $40.29, sells a variety of meat sandwiches and snacks through its Landshire...

  • McDonald's shares popped to an all-time high in early trade, jumping 4.2 percent to $139.90 after profit topped Wall Street's estimate by 14 cents per share. "There was a lot of low hanging fruit... set the table for him to rapidly come in and make a lot of changes," said Trip Miller, managing partner at Gullane Capital Partners, which holds 20,000 McDonald's shares.

  • McDonald's shares set to open at a life-high on Tuesday were up 2.4 percent in premarket trading after the company beat first-quarter earnings estimates by 14 cents and said operating costs were 11.7 percent lower. Chief Executive Steve Easterbrook, who introduced the all-day breakfast soon after he took the helm in 2015, has vowed to transform the world's...

  • April 25- McDonald's Corp reported a better-than-expected increase in quarterly sales at established U.S. restaurants, boosted by the expansion of all-day breakfast, and Big Mac and beverage value promotions. Net income jumped 8 percent to $1.21 billion, or $1.47 per share, handily beating analysts' average estimate of $1.33, according to Thomson Reuters...

  • The deal, which has an enterprise value of about $4.2 billion, includes $1.1 billion of AdvancePierre debt. Morgan Stanley& Co LLC is advising Tyson, while Davis Polk& Wardwell LLP is providing legal counsel for the AdvancePierre deal. Credit Suisse Securities LLC and Moelis& Co LLC are serving as financial advisers to AdvancePierre, while Skadden, Arps, Slate,...

  • April 25- McDonald's Corp reported a better-than-expected increase in quarterly sales at established U.S. restaurants, boosted by the expansion of all-day breakfast, and Big Mac and beverage value promotions. The world's largest fast-food chain said on Tuesday that same-restaurant sales at McDonald's rose 1.7 percent in the three months ended March 31.

  • April 25- Tyson Foods Inc, the No. 1 U.S. meat processor, said on Tuesday it would buy packaged sandwich supplier AdvancePierre Foods Holdings Inc for about $3.2 billion in cash. Tyson's offer of $40.25 per share is a 9.8 percent premium to AdvancePierre's Monday close. The deal, which has an enterprise value of about $4.2 billion, includes $1.1 billion of...

  • JAKARTA, April 25- Indonesia's crude palm oil output likely rose in March after falling for the previous three months, as better weather improved output, a Reuters survey showed. "CPO production in March started to show improvement due to good rain fall late in 2016 up to March," said Sahat Sinaga, executive director at the Vegetable Oil Industry Association.

  • Whole Foods spikes in report Albertsons is exploring a bid

    Shares of Whole Foods surge as Albertsons explores bid for takeover. CNBC's Dominic Chu reports.

  • CHICAGO, April 21- A fungus that causes vomitoxin has been found in some U.S. corn harvested last year, forcing poultry and pork farmers to test their grain, and giving headaches to grain growers already wrestling with massive supplies and low prices. A vessel carrying a shipment of corn from Paraguay is due next month at a North Carolina port used by Smithfield...

  • Costco is a worthy opponent of e-commerce competition

    Investors should have faith in Costco, according to Barclays.

  • Subway, owned by Doctor's Associates Inc, is the world's largest fast-food chain by number of restaurants. Subway said its U.S. sales fell 1.7 percent to $11.3 billion last year, while international sales climbed 3.7 percent to $5.8 billion, reflecting a focus on overseas growth. Subway on Wednesday named former McDonald's Corp executive Karlin Linhardt...

  • LONDON, April 20- Unilever reported a surprise pick up in quarterly sales growth on Thursday, boosting its argument that it can improve performance on its own after spurning a $143 billion takeover offer from Kraft Heinz in February. Chief Financial Officer Graeme Pitkethly said there was always a delay between economic improvements and a pick up in household...

  • A person looks at the refrigerated display case at a butcher's shop, in Sao Paulo, Brazil on March 20, 2017.

    Brazil is attracting strong foreign direct investment after a scandal involving its meat industry, the country's finance minister said.

  • Henrique Meirelles, Finance Minister of Brazil, discusses the impact of a Trump presidency, a slowing China and his country's beef scandal.

  • LONDON/ SHANGHAI/ NEW YORK, April 18- Post Holdings is buying leading British breakfast cereal brand Weetabix from China's Bright Food Group Co Ltd for 1.4 billion pounds, giving the U.S.-focused company a European base on which to build. The acquisition of Weetabix's manufacturing and distribution assets in Europe should also allow Post to more easily digest...

  • LONDON/ SHANGHAI/ NEW YORK, April 18- U.S. company Post Holdings is buying Weetabix from China's Bright Food Group Co Ltd for 1.4 billion pounds, putting the British breakfast favourite back into the hands of a cereal company. The sale comes just five years after Chinese state-owned Bright Food took control of Weetabix in a deal that valued it at 1.2 billion pounds...

  • SHANGHAI/ NEW YORK, April 18- U.S. cereal company Post Holdings has agreed to buy British brand Weetabix from China's Bright Food Group Co Ltd in a 1.4 billion pound deal that will expand its international business, the companies said on Tuesday. The sale marks the end of Chinese ownership of Weetabix after state-owned Bright Food took control of the company from...