Starbucks bowed to mounting pressure over its tax affairs in Britain and revealed Thursday that it would pay about 10 million pounds ($16 million) in each of the next two years. Having been slammed by the country's lawmakers of "immorally" avoiding tax, Starbucks' U.K. managing director Kris Engskov said the firm had agreed to pay more than required by law.
A United Nations agency says prices of basic foods fell by 1.5 percent last month, with the international prices of all commodities except dairy products dropping. The Rome-based Food and Agriculture Organization said Thursday that the decline puts the value of its November index nearly 3 percent below a year ago.
Smithfield Foods Inc. says its net income fell in the second quarter on charges for a loss on early extinguishment of debt, but its adjusted earnings beat Wall Street expectations. The Smithfield, Va.-based company, whose brands include Armour, Farmland and its namesake, said Thursday it earned $10.9 million, or 7 cents per share, for the period ended Oct. 28.
The Wayne County Council on Wednesday approved the bond issue as part of Sugar Creek Packing Co.'s plans to expand and refurbish the former Really Cool Foods plant near Cambridge City. The Palladium-Item reports the company will be responsible for repaying the bonds within 40 years.
New Hampshire's attorney general says the apparent disappearance of about $100,000 in wine from a state-run liquor store has been solved — it was never missing. Last December, extra cases of wine were found in the stockroom during an audit at the New Hampshire Liquor and Wine Outlet in Portsmouth.
Authorities in central Iowa say several fire departments were called in to help battle a blaze at an egg production facility. The Adair County Sheriff's Department confirmed the Wednesday afternoon fire at Rose Acre Farms in Stuart. Chief Operating Officer Tony Wesner says all company staff has been accounted for.
Baby's Cheesesteak and Lemonade gave away the coveted treats at its locations in Orland Park and Country Club Hills along with 2,200 chocolate cupcakes. The restaurant got the idea as a promotion after Hostess announced it was closing last month.
To help rebuild Kazakhstan's beef industry, more than 5,000 Hereford and Angus cattle bred to withstand North Dakota's notoriously nasty winters have been sent since 2010 via jumbo jets from Fargo to Kazakhstan, and a shipment of 3,000 more is planned before year's end.
Liquor producer Brown-Forman Corp.'s second-quarter net income rose 10 percent as a revenue spike from recent price increases for many of its premium brands helped offset slower sales due to prior stocking up by distributors and retailers.
Farmers who grow labor-intensive tree fruit crops must continue to be vocal about the need for comprehensive immigration reform to ensure agriculture is included in any solution for the nation's broken immigration system, several farm groups told Washington state growers at a conference Tuesday.
Federal authorities say a western New York food company is recalling more than a ton of beef and cheese pies because they weren't subject to federal inspection and pose a health risk. The U.S. Department of Agriculture says Cantina Foods of Buffalo distributed about 2,375 pounds of the "Beef and Cheese Pastellios."
The National Restaurant Association (NRA) each year prepares its "What's Hot" culinary forecast of menu trends for the coming year. The NRA surveyed more than 1,800 professional chefs – members of the American Culinary Federation (ACF) – to find that children's nutrition and local sourcing will continue to be the hottest trends on restaurant menus in 2013
The northern South Dakota city of Aberdeen has reduced the number of cattle that a new processing plant is allowed to slaughter because Northern Beef Packers has fallen behind on installing wastewater equipment. The American News reports that the plant is restricted to 125 cattle per day. It had been allowed to slaughter up to 500 animals daily.
Boston Market Corp. is reporting record Thanksgiving sales this year — and it's already planning for next Thanksgiving. The Golden, Colo.-based restaurant chain had not yet released specific dollar figures but said total sales per restaurant from Nov. 19 to Nov. 23 were up 13 percent from a comparable period last year.
Sales of hard liquor increased in the four months after the state privatized liquor sales on June 1, compared with sales during the same four-month period a year ago, the Washington state Department of Revenue said Tuesday. The agency reported that spirit sales by volume were 2.9 percent higher for the period from June 1 through Sept. 30.
Chiquita Brands International, Inc. today announced that Brian W. Kocher, the Company's Chief Financial Officer, has been named to the newly created position of Chief Operating Officer (COO). Kocher will remain in his position as Chief Financial Officer (CFO) until his replacement is named. The company has initiated a CFO search.
The owner of a popular Northern California oyster farm that was recently evicted from a national park said on Tuesday he is filing a lawsuit challenging Interior Secretary Ken Salazar's decision to make the area a designated wilderness. The lawsuit claims Salazar and others failed to comply with national environmental law, violated his constitutional rights and are illegally taking millions of dollars of his property.
Suspected vandals have dumped almost the entire 2007-2012 production of one of Italy's most sought-after wines — the limited edition Soldera Brunello di Montalcino. Giuseppe Soldera, owner of the Tuscan vineyard, said Tuesday that the vandals broke into his Case Basse cantina between Sunday night and Monday morning, opened the spigots on the vats and fled.
Among the most popular candies for stocking stuffers, decorating or simply snacking and sharing, Nestlé’s holiday treats come in a wide array of flavors and brands from WONKA SweeTARTS, NERDS, Lik-M-Aid Fun Dip, Butterfinger, and Nestlé Crunch.
Larger crops, changing varieties and mechanization are key issues facing the apple industry in the state of Washington in the years ahead, a horticulture official said at a convention in Yakima. Growers will have to find the right mix of apple varieties for the market and continue to promote exports, said David Douglas, president of the Washington State Horticultural Association.