Shares of Yum Brands Inc. fell Tuesday after the parent company of KFC said issues surrounding two of its small chicken suppliers hurt sales more than expected in China. The company, based in Louisville, Ky., now expects sales at locations open at least a year to be down 6 percent, compared with the 4 percent drop it warned of in November.
Agricultural products giant Monsanto reported Tuesday that its profit nearly tripled in the first fiscal quarter as sales of its biotech corn seeds expanded in Latin America. The company raised its earnings guidance for the year, lifting shares 4 percent in premarket trading.
A Coca-Cola plant and warehouse in southeastern Kentucky is expanding, with a company official saying more room is necessary to accommodate growing sales. The plant in Middlesboro will grow by about 24,000 square feet. Regional Sales Manager Bobby Abbott told The Daily News the company needs a place to put more items and new equipment.
Anheuser-Busch InBev is introducing a new specialty brew with a Super Bowl ad. The maker of Budweiser, Bud Light and other brews said Tuesday that Budweiser Black Crown is an amber lager. The first ad promoting it will run on Feb. 3 during Super Bowl 47, though the beer will be available in stores nationwide starting Jan. 21.
The restaurant industry continues to make gains and consumers are feeling more confident about spending their discretionary dollars on dining out. So, what will they be looking for this year when they sit down at their favorite eatery? Mintel has identified four trends set to impact the restaurant industry in 2013.
A former McDonald's CEO who helped expand the fast-food chain's global footprint and spearheaded the creation of "Hamburger University" died Thursday after suffering complications from pneumonia, the company said. During Fred L. Turner's time as CEO from 1974 to 1987, McDonald's more than tripled its number of locations and set up shop in dozens of new markets, the company said in a statement.
State-owned Czech brewery Budejovicky Budvar, which has been fighting a long legal battle with U.S. beer giant Anheuser-Busch over the use of the "Budweiser" brand, says its 2012 exports rose by 1.1 percent to reach a record high. Budejovicky Budvar NP says it exported 657,000 hectoliters (17.36 million gallons) of beer to 58 countries last year, the best result in 117 years.
MicroZap Inc. claims its technology allows bread to stay mold-free for 60 days. The bread is bombarded with microwaves for about 10 seconds, which kills the mold spores, said chief executive officer Don Stull said. The process could eliminate bakers' need for preservatives and ingredients used to mask preservatives' flavor, as well as reduce food waste and increase bread's shelf life, he said.
A potential deal to sell a North Dakota pasta plant is off the table. Bektrom Foods official Bruce Satrom tells the Grand Forks Herald that the Michigan-based manufacturer has pulled its offer to buy the plant. Bektrom had been negotiating with the family of Leonard Gasparre, who died in 2011.
A 69-year-old luxury food distributor who was charged with unlawfully importing caviar but evaded arrest for nearly a quarter-century before being captured last year won't have to spend any more time behind bars after a judge sentenced him on Monday to time served, citing his age and the lack of victims.
In this Dec. 6, 2012, photo, Don Stull, chief executive officer of Microzap, Inc., places a loaf of bread inside a patented microwave that kills mold spores in Lubbock, Texas. The company claims the technology allows bread to stay mold-free for 60 days.
The FDA's newly proposed rules to beef up food safety standards across the U.S. and prevent deadly foodborne illness outbreaks like the ones we've seen in recent years will increase the regulatory burden across the food chain. These rules and the cost of compliance could be especially burdensome for farmers.
ZM Series indicators are sustainable, are IP69K-rated and provide fast, accurate measurements.
The SGV Vortex Pump Head for SUMP-GARD® vertical thermoplastic pumps handles fluids and slurries containing stringy materials or solids to 2" (51 mm) in diameter.
The Camseal zero-leakage, metal-seated forged ball valve features a cartridge-style, top-entry design that saves significant time and money on installation, maintenance, replacement and downtime.
Any software you implement in your organization should enable or enhance a business process. Unfortunately, many people mistakenly believe that the software or technology itself is the solution, when in reality, technology is at best 10 percent of the value equation — the other 90 percent is based on the human factor.
New rules proposed Friday by the FDA are aimed at preventing foodborne illness outbreaks in the wake of several high-profile deadly food contamination cases last year. While manufacturers pore over the new rules to determine how they could change the business of food processing, the FDA is adamant that they are necessary to prevent future food safety incidents.
ConAgra Foods of Omaha, Neb., in cooperation with the U.S. Food and Drug Administration (FDA) is voluntarily recalling a limited number of packages of its Andy Capp’s Hot Fries flavor product that may contain the Andy Capp’s Cheddar Fries flavor, and, therefore, an undeclared allergen — soy.
When conveyor systems experience unplanned downtime, the costs add up quickly, especially during peak seasons. If one minute of downtime stops 350 cases from going out, and a case is worth $40, then that one minute of downtime could cost a company $14,000 in lost opportunities.
The U.S. Food and Drug Administration (FDA) has reinstated the food facility registration of Sunland Inc., a manufacturer and distributor of peanut products linked to an outbreak of Salmonella Bredeney last fall, after a federal judge entered a consent decree of permanent injunction imposing requirements on the firm.