Yum Brands expects to lose 25 cents per share at the close of it's first fiscal quarter. The decline is driven by a sharp drop in sales in China, after concerns about the quality of chicken supplied to KFC, a Yum subsidiary. The company's CEO told investors that negative media coverage lasted longer than expected.
A federal report says removing four hydroelectric dams on the Klamath River in Oregon and California and restoring ecosystems will produce a big increase in salmon harvests and boost farm revenues. The 400-page report was produced by federal scientists to help the secretary of Interior evaluate whether it is in the public interest to go ahead with the $1 billion project.
Due in large part to softer same-store sales and customer traffic levels, the National Restaurant Association's Restaurant Performance Index (RPI) declined in December. The RPI — a monthly composite index that tracks the health of and outlook for the U.S. restaurant industry — stood at 99.7 in December, down 0.2 percent from November.
Kellogg reported a fourth-quarter loss on a pension-related charge, but its underlying earnings rose as its recently acquired Pringles chips helped boost sales. The maker of Froot Loops, Eggo waffles and Pop Tarts said net sales for the period rose 18 percent to $3.56 billion.
In a study published online in the peer-reviewed journal BMC Public Health, Dr. Lenard Lesser and his colleagues suggest that the more outdoor advertisements promoting fast food and soft drinks there are in a given census tract, the higher the likelihood that the area's residents are overweight.
Gennady Onishchenko, Russia's top sanitation official, said a first round of talks between delegations from both countries was successful Monday, and that a Russian delegation will visit Georgia this month to discuss issues related to restarting the import of wine and mineral water. He said that could happen by this spring and that fruit imports may follow.
When KFC was hit by a controversy over its chicken suppliers in China late last year, parent company Yum Brands offered free drinks and ice cream to bring diners back. The company, based in Louisville, Ky., apparently didn't realize the severity of its problems; the promotion did little to assuage fears about its chicken and on Tuesday the company said it expects its earnings per share to decline 25 percent in the first quarter.
Opponents are pressing to delay enforcement of the city's novel plan to crack down on supersized, sugary drinks, saying businesses shouldn't have to spend millions of dollars to comply until a court rules on whether the measure is legal.
Russia on Monday, Feb. 4, 2013, held talks on whether to resume Georgian wine imports after a seven-year ban, the first tentative step toward repairing the ruptured ties between the two ex-Soviet neighbors. Russia banned the imports of Georgian wine, mineral water, fruits and vegetables in 2006 amid rising political tensions in the run-up to a 2008 war.
Though California's Prop 37, an initiative aimed at forcing food companies to label genetically modified organisms (GMO) in food, was handily defeated last November, GMO-labeling advocates have not given up hope. Environmental groups have turned their focus to Hawaii, urging lawmakers in the state to pass legislation requiring the labeling of foods containing GMOs.
Archer Daniels Midland's net income soared during the second quarter, unburdened by the same costs of restructuring the company that occurred during the same period last year. The company also more than doubled its operating profit for oilseeds on strong global demand.
Not only has overfishing of the Peruvian anchovy battered the industry that makes Peru far and away the world's No. 1 fish meal exporter, it has also raised alarm about food security in a nation that had long been accustomed to cheap, abundant seafood. The drop in the anchoveta population has over the years affected the food chain, as stocks of hundreds of bigger wild fish and marine animals that eat it have also thinned.
A federal judge on Monday denied a Northern California oyster farm's request to have its removal from Point Reyes National Seashore overturned, and ruled against allowing it to continue doing business in the park while its lawsuit is being heard in court.
Sick of pizza after the Super Bowl? Pizza Hut is hoping to tempt you with tiny new pies. The chain is introducing "pizza sliders," which are smaller than its personal pies and can be ordered in batches for families that want to customize their orders with different toppings. The sliders will be available in either a $10 box of nine or a $5 box of three.
Ireland's prime minister vowed Tuesday to identify who has been putting horsemeat into Irish-produced burgers. Yet even as Prime Minister Enda Kenny said the problem had been linked to imported offcuts of Polish meat, experts said horse could have been added to burger-bound beef later in the supply chain — and noted past examples of food-labeling fraud in Ireland's meat industry.
Children of low-income, overweight/obese mothers — those living under conditions of chronic mild food insecurity — are at greater risk of becoming obese preschoolers compared to children living in food secure families during the first 3-4 years of life. This was a key finding recently published in the Journal of the Academy of Nutrition and Dietetics.
Tyson Foods Inc. says it has completed a $14 million investment to increase production capacity at its Hanover County poultry plant. In addition to installing new equipment, the Arkansas-based company says it also hired 120 additional employees at the plant, increasing its employment to about 760.
Environmental groups are urging Hawaii lawmakers to require all genetically modified food to carry boldface labeling. House lawmakers were debating the bill Monday, which proposes mandatory labeling of any genetically modified agricultural commodity sold in Hawaii.
McDonald's says it is offering its first new Happy Meal entree in a decade: Fish McBites. The world's biggest hamburger chain said the Fish McBites will be widely available at U.S. restaurants starting this week through March, to coincide with Lent. The Happy Meals will come with seven pieces of Fish McBites, French fries, apple slices and a drink.
Hershey said its net income rose 5.5 percent in the fourth quarter, as sales of its Kit Kats, Reese's and other candies boosted revenue. The company, based in Hershey, Pa., noted that it gained market share across categories during the quarter and raised its outlook for the year. Its shares briefly hit a new high.