Kraft posted sales that missed Wall Street expectations Thursday.» Read More
WELLINGTON/ PARIS, Jan 9- French food group Danone said it would sue dairy exporter Fonterra and cut its supply contract with the New Zealand firm following a false alert that sparked the recall of infant formula across Asia.
Sysco said it would buy rival US Foods for about $3.5 billion, creating a company with about $65 billion in annual revenue.
Dec 9- Sysco Corp said it would buy rival US Foods Inc for about $3.5 billion and assume about $4.7 billion in debt to cement its position as the biggest U.S. food distributor, driving up Sysco's shares 30 percent before the bell.
Dec 9- Food distributor Sysco Corp said it would buy rival US Foods for about $3.5 billion and assume about $4.7 billion in debt to create a company with about $65 billion in annual revenue.
Canada's Saputo and rival Bega Cheese are racing to raise and extend offers for Warrnambool Cheese and Butter Factory. CNBC's Matthew Taylor reports live in Warrnambool.
Whole Foods Market on Wednesday reported same-store sales that decelerated in the fourth quarter. Shares plunged in extended-hours trading.
One of the world's largest beef processors, will begin labeling when its finely textured beef is used in the making of its US ground beef products.
A California factory town's attempt to shut down production of Sriracha sauce heads to court until the company gets rid of the plant's smelly fumes.
The city of Irwindale, Calif., filed a lawsuit against Huy Fong Foods, maker of Sriracha, claiming the odor from the plant is a public nuisance.
"The evidence that Obamacare is having a negative impact on hiring is unequivocal, abundant and consistent with common sense," says Andrew Puzder, CKE Restaurants CEO. Puzder employs more than 70,000 people at restaurant chains Hardee's and Carl's Junior.
As water becomes increasingly scarce, brewers of beer are racing to secure a steady supply of their most prized ingredient by using less of it. NBC News reports.
Starboard Value has received "non-binding written indications of interest" for its Smithfield Foods assets, the company said on Tuesday.
If U.S. law is changed to allow the Post Office to deliver beer, wine and spirits, it could help the cash-strapped agency and drive alcohol sales. But other challenges linger.
Hog farmers in the U.S. and China are grappling with an intestinal virus that is almost 100 percent fatal in young pigs. CNBC's Jane Wells reports that the bug has spread to hog farms in 16 states. (Also, what Jane thinks about TripAdvisor's pizza survey.)
Some of the most innovative companies in New York are taking notice of a new start-up that looks to redefine the way we drink coffee in the office.
No strangers to food in the fast lane, a handful of former McDonald's executives, are trying to crack the code on providing food on the go that tastes good and is good for you.
CNBC's Jane Wells has all the details from the Smithfield Foods hearing.
Chinese plans to buy America's Smithfield Foods face scrutiny when U.S. senators question Smithfield's chief executive about food safety and foreign ownership.
Jodi Berg, CEO of VitaMix, discusses how her high-performance blending machines are stirring up the food industries and growing sales.
Colorado-based company OnTap says its flavor enhancer provides craft-beer taste without the extra cost.