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.
PepsiCo, Inc. today announced the opening of a new food and beverage innovation center in Shanghai, China. The state-of-the-art facility, which is PepsiCo's largest research and development center outside of North America, will serve as a hub of new product, packaging and equipment innovation for PepsiCo's businesses throughout Asia.
Shares of Diamond Foods climbed more than 10 percent Tuesday after the snack food company said it would finally release restated results for the past two years, and part of this year. Diamond Foods, which makes Emerald Nuts and Pop Secret popcorn, is cleaning up improper accounting of payments to walnut growers.
Men want a hot meal, women want to satisfy their lunchtime cravings and everyone wants it as quick as possible. When it comes to lunch, these are just some of the top reasons why Canadians choose to go out to eat, according to a new poll conducted by Ipsos Loyalty on behalf of Tim Hortons who have just launched their new grilled Panini sandwiches.
GSC Packaging, a nationwide provider of turnkey contract packaging solutions, has purchased a 100,000 square-foot facility to keep up with the company’s rapid growth. In December of 2012, GSC Packaging will move from its current contract packaging facility at 3715 Atlanta Industrial Parkway in Atlanta, Georgia, to the new location at 575 Wharton Drive.
Jimmy Dean® is voluntarily recalling a partial production run of its Jimmy Dean French Toast & Sausage Sandwich as a precautionary measure because the product may contain the undeclared allergens egg and soy, not listed on the label.
California's new "cap-and-trade" system is designed to control emissions of heat-trapping gases and to spur investment in clean technologies. Under the plan, the California Air Resources Board will auction off pollution permits on Wednesday called "allowances" to more than 350 businesses, including electric companies, food processors and refineries.
The New Mexico peanut butter plant linked to a salmonella outbreak remains idle as officials wait for federal approval to reopen. Sunland Inc. spokeswoman Katalin Coburn declined Monday to estimate when operations at the country's largest organic peanut processing plant may resume, saying only that officials are awaiting a response from the Food and Drug Administration.
Hostess Brands Inc. is permanently closing three bakeries following a nationwide strike by its bakers union. The maker of Twinkies, Ding Dongs and Wonder Bread said Monday that the strike has prevented it from producing and delivering products, and it is closing bakeries in Seattle, St. Louis and Cincinnati. The facilities employ 627 workers.
MaxPoint Interactive issued the results of an indexing study that reveals neighborhoods in Atlanta and Oklahoma City as those most interested in gourmet and comfort foods, respectively. This data helps advertisers get the most out of their digital ad spend by targeting Thanksgiving diners with ads that speak to their specific tastes in food.
Consumers Union, the policy and advocacy arm of Consumer Reports, today called for a major reduction in the use of antibiotics in food animal production because their overuse promotes the spread of drug-resistant superbugs and makes antibiotics less effective for people.
North Korea increased its production of staple foods for the second year in a row, thanks in part to better use of fertilizers and plastic sheeting to protect crops, but its citizens are still suffering from a serious lack of key proteins and fats in their diets, a U.N. report said Monday.