Cargill said Wednesday that its fiscal second-quarter net income quadrupled, as most of its businesses posted gains. For the quarter ended Nov. 30, the privately held agribusiness company said it earned $409 million, up from $100 million in the same quarter last year. Revenue rose 6 percent to $35.2 billion.
Findings from a new peer-reviewed study of 20,000 American workers suggests employers can maximize their employees’ job performance and reduce absenteeism by using a multi-pronged, integrated approach to well-being improvement. The study demonstrates that employers seeking to improve worker productivity and reduce absenteeism should employ broad work-site based interventions.
Southwest Ice Cream Specialties of McKinney, Texas, is voluntarily recalling some of its Dulce de Leche ice cream containers because they may contain praline pecan ice cream, which has wheat, soy and pecans that could cause problems for people allergic to those ingredients.
In its latest push to establish itself as a purveyor of premium burgers, Wendy's is testing a pretzel bun. The Dublin, Ohio-based chain has started selling a bacon cheeseburger in select locations made with a slightly heartier, pretzel-like bun. A spokesman for Wendy's declined to confirm the tests or provide any details, such as the price or where exactly it's being offered.
The company that makes Thomas' English muffins, bread and assorted sweets is planning a $75 million bakery in eastern Pennsylvania. Horsham-based Bimbo Bakeries says it has bought 30 acres in Upper Macungie Township for a plant that's expected to employ 100 people. The company says it plans to complete the 240,000-square-foot facility by the end of the year, with operations beginning in 2014.
Texas rice farmers probably won't get irrigation water to flood their fields for an unprecedented second consecutive year after officials overseeing major reservoirs in Central Texas voted Tuesday to cut off downstream allotments if there's no significant rain by March.
Dozens of federal homeland security agents searched Sparboe Farms in Litchfield on Tuesday as part of what authorities called a "larger criminal investigation," but details about the nature of the operation were not disclosed. No criminal arrests were made, but 10 people were picked up on an administrative charge that U.S. Immigration and Customs Enforcement often uses to detain possible illegal immigrants.
Starbucks announced Thursday, Jan. 3, it would enter Vietnam in early February with a cafe in Ho Chi Minh City. But the Seattle-based company faces a unique market in Vietnam, where French-inspired coffee culture reigns supreme; two homegrown chains have established presences; and family-run sidewalk cafes are as ubiquitous as noodle shops.
Small business owners were slightly more optimistic at the end of 2012 even as they awaited the outcome of negotiations in Congress over the "fiscal cliff." That's the finding of a survey by the National Federation of Independent Business, a lobbying group. The NFIB's small-business-optimism index rose half a point from its level in November to 88. The index remains near its lowest readings on record.
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.