Tyson Foods, the nation's biggest meat company, said Friday that its fiscal first-quarter net income rose 11 percent as chicken and beef prices increased. Its earnings performance beat Wall Street's expectations and the company maintained its full-year revenue forecast above analysts' estimates. The stock climbed more than 3 percent in premarket trading.
U.S. residents now make up the largest wine market in the world, consuming 13 percent of all that's produced globally, according to an analyst who spoke Wednesday at a major wine industry gathering. Jon Fredrikson told executives at the Unified Wine and Grape Symposium that U.S. production increased 2 percent last year to help meet demand.
Shares of Hillshire Brands rose Thursday after the maker of Jimmy Dean sausages raised its outlook based on its performance in the first half of its fiscal year. The company, based in Chicago, is the former North American business of Sara Lee Corp., which split into two separate companies this past summer.
The Alaskan Brewing Co. is going green, but instead of looking to solar and wind energy, it has turned to a very familiar source: beer. The Juneau-based beer maker has installed a unique boiler system in order to cut its fuel costs. It purchased a $1.8 million furnace that burns the company's spent grain into steam which powers the majority of the brewery's operations.
Once upon a time, the kitchen was considered a mom's domain, but research shows that today's dads are taking a more active role in the kitchen, as well as with food shopping, menu planning and meal preparation. A national survey administered by Kraft Cheese reveals 96 percent of American dads are cooking for themselves or others every week.
Frito-Lay wants a bigger bite of Taco Bell's popular Doritos Locos Tacos. The snack food giant plans to roll out its Doritos in a "Taco Bell" flavor as a limited-time product this spring, aiming to capitalize on the popularity of the Doritos-flavored tacos introduced by the fast-food chain last year.
Sen. Charles Schumer says federal officials are taking steps to make Greek yogurt more available for school lunches — a move that could mean more business for upstate producers and dairy farmers. Schumer last summer asked Agriculture Secretary Tom Vilsack to modify the federal school lunch program to incorporate Greek yogurt as a high-protein meat alternative.
Super Bowl ads this year morphed into mini soap operas. Dwayne "The Rock" Johnson shrugged off aliens so he could get more milk for his kids in a Super Bowl spot for the Milk Processor Education Program. Anheuser-Busch's commercial told the story of a baby Clydesdale growing up and returning to his owner for a heartfelt hug years later.
Hot dog and burger chain Nathan's Famous said Friday that its fiscal third-quarter net income fell 8 percent, hampered by restaurant closings due to Superstorm Sandy. The company earned $1.1 million, or 23 cents per share, for the period ended Dec. 23. That compares with $1.2 million, or 24 cents per share, a year earlier.
Kraft Foods is suing Cracker Barrel Old Country Store over the restaurant chain's plans to use the "Cracker Barrel" name on packaged ham, bacon and other foods. Kraft notes that it started using the "Cracker Barrel" name on cheese in 1954. Cracker Barrel Old Country Store Inc., which is based in Lebanon, Tenn. and operates 620 locations around the country, was established in 1969.
The Milk Processor Education Program, known as MilkPep and popular for its "Got Milk?" print ads, is featuring actor and professional wrestler Dwayne "The Rock" Johnson in a 30-second ad in the second quarter of the Super Bowl that is directed by Peter Berg.
Polish Scientists are testing the country's meat supply in an attempt to find the source of the beef burgers containing horsemeat, found in Ireland last month. Officials from Poland are hoping to put to rest claims that the country is the source of the contamination.
A federal judge has granted conditional class action status to the lawsuit against National Beef by workers at its Liberal, Kansas slaughterhouse. The decision Thursday by U.S. District Judge Kathryn Vratil certifies the class for purposes of sending notices to workers who might wish to join the lawsuit filed last May.
The government for the first time is proposing broad new standards to make school snacks healthier, a move that would ban the sale of almost all candy, high-calorie sports drinks and greasy foods on campus. Under new rules the Department of Agriculture proposed Friday, school vending machines that once were full of Skittles and Sprite would instead be selling water, lower-calorie sports drinks, diet sodas and baked chips.
Hong Kong announced measures Friday to curb the amount of baby formula that mainland Chinese visitors are buying as anger grows at shortages in the city's stores ahead of the Lunar New Year holiday. Chief among the measures is a plan to change the law to restrict the amount of baby formula that individuals can take out of the city.
A federal judge threw out a lawsuit Thursday that claimed Hebrew National's hot dogs and other meat products weren't entirely kosher, saying such a standard was "intrinsically religious in nature" and outside the court's purview. U.S. District Judge Donovan Frank ruled that the First Amendment's protection of religious freedom bars the court from examining claims about whether the products completely meet Jewish dietary laws.
Ten residents of rural Benzie County have filed a lawsuit against a northern Michigan fruit processor and a septic hauler who dumped waste blueberry juice into a gravel pit more than a decade ago, damaging a stream and contaminating groundwater.
Restaurant.com reveals details about diners' plans for restaurant romance this Valentine's Day. A recent survey by the company found that nearly half (49 percent) of respondents selected Italian as the cuisine of choice for a Valentine's Day meal over romantic rivals fondue (12 percent) and French (11 percent).
Several hundred firefighters spent all night battling a stubborn blaze at a southeastern Wisconsin food processing plant before the fire was contained Thursday, more than a dozen hours after it began. About 50 people who were evacuated from 10 houses and an apartment building near the Echo Lakes Foods plant in Burlington were allowed to return home Thursday morning after spending the night away.
German antitrust authorities have fined 11 chocolate makers €60 million ($81.3 million) for colluding to rig the price of confectionary. The Federal Cartel Office says the offences committed by companies including Kraft and Nestle occurred between 2004 and 2008.