Diamond Foods Inc. effectively wiped away $56.5 million in profit from its books Wednesday after it restated two full years of results. The San-Francisco based snack company is restating its results for 2010 and 2011 after an internal investigation last year found that the company improperly accounted for payments to walnut growers, which skewed its financial results.
Americans get too many calories from soda. But what about alcohol? It turns out adults get almost as many empty calories from booze as from soft drinks, a government study found. Soda and other sweetened drinks — the focus of obesity-fighting public health campaigns — are the source of about 6 percent of the calories adults consume, on average.
The Seattle-based company said Wednesday that it will pay $620 million in cash to buy Teavana Holdings Inc., which sells high-end loose leaf teas in 300 shopping mall locations. The plan is to grow Teavana's footprint beyond the suburban mall with stand-alone shops around the world, while adding tea bars where customers can buy hot and cold drinks.
Three companies have agreed in a settlement to pay more than $213,000 in back wages to hundreds of foreign students for summer jobs they held at a Hershey candy company facility, the U.S. Department of Labor said Wednesday. The settlement also requires two of the companies to pay fines totaling $148,000.
Americans get too many calories from soda. But what about alcohol? It turns out adults get almost as many empty calories from booze as from soft drinks, a government study released Thursday, Nov. 15, 2012 found.
Pinnacle Foods Group LLC a Fort Madison, Iowa establishment, is recalling approximately 90,975 pounds of bourbon barbecue sausage products because they may have been underprocessed, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.
The Pork Checkoff’s event trailer traveled to the East Coast last week to assist in feeding victims of Hurricane Sandy, the largest Atlantic hurricane on record to hit the northeast coast. The hurricane hit New York and New Jersey especially hard, flooding numerous streets, tunnels and subway lines, as well as cutting off electricity to parts of the city and its suburbs.
A North Dakota-based sunflower business is beginning production this month at a sunflower roasting facility in the Texas city of Lubbock. The SunGold Foods plant will produce in-shell sunflower seeds to be sold as snack food. The National Sunflower Association says the plant will open with 40 full-time employees, with room to more than double capacity.
Smithfield Foods Inc. said Wednesday that it will begin its previously announced shutdown of a Virginia facility that makes hot dogs and deli meat. The Smithfield, Va.-based company said layoffs will start at the Portsmouth plant in January and it will close at the end of March.
A new case of E. coli has been linked to the XL Foods beef plant at the center of an extensive product recall. The Public Health Agency of Canada says the new case is in Alberta and brings the total number across the country to 18. The agency says the person became ill last month and is still recovering.
While many restaurant owners are willing and able to substitute ingredients or leave them out altogether to accommodate food-allergic guests, an increasing number of restaurateurs are choosing not to, implementing strict "no substitutions" policies instead.
Wholesale inflation fell in October as a big drop in gasoline and other energy prices offset a rise in the cost of food. Wholesale prices dipped 0.2 percent in October, the Labor Department said Wednesday. It was the first decline since May and followed big gains of 1.1 percent in September and 1.7 percent in August, increases that had been driven by spikes in energy.
California's largest business group filed a lawsuit Tuesday challenging the validity of the state's cap-and-trade program on the eve of the first pollution permit auction.The California Chamber of Commerce's lawsuit filed in Sacramento Superior Court was not expected to stop Wednesday's planned cap-and-trade auction.
Sanderson Farms says it won't build a chicken processing operation in southern Nash County. The company said on its website Tuesday that the decision was made in collaboration with Nash County officials and is a result of "various timing issues," which company officials wouldn't discuss.
Energy drink maker Monster Beverage said Tuesday that its board has approved the repurchase of up to $250 million of its outstanding common stock. Earlier this month Monster Beverage Corp. reported that its third-quarter net income climbed but its revenue growth slowed.
Wal-Mart Stores Inc. on Wednesday will officially launch a mail subscription service, called Goodies, that lets shoppers discover new foods from the comfort of their homes. For a monthly fee of $7 that includes tax and shipping, customers get a box of five to eight hand-picked, sample-size food items, ranging from organic to ethnic products that are not currently carried on Wal-Mart's shelves.
Baskin-Robbins, the world's largest chain of ice cream specialty shops, is offering ice cream lovers an extra treat this Thanksgiving holiday with its Turkey Cake and new Turkey Leg individual novelty, now available at participating Baskin-Robbins locations nationwide.
Phyllis McKelvey, a retired chicken inspector and grandmother of eight from Guntersville, Alabama, is petitioning the USDA on Change.org to stop expansion of a new pilot program she says is already letting bile, feces, pus, and scabs into the nation’s poultry products.
H.J. Heinz Company is pleased to announce that the Company ranked number-one in overall customer satisfaction among food manufacturers in the 2012 American Customer Satisfaction Index™ (ACSI). Heinz led food manufacturers for the 13th consecutive year.
Peet's Coffee & Tea Inc. has named former Weight Watchers executive Dave Burwick as its new president and chief executive. Burwick will take on the role as head of the coffee chain on Dec. 31. He will succeed Patrick O'Dea, who is stepping down after more than 10 years as president and CEO. O'Dea will continue to serve the company as a member of the board of directors.