While Thanksgiving meals are without a doubt delicious, the cost of serving them can leave a bad taste in the host's mouth. A new survey finds that more than one-in-ten (12 percent) have said "no" to hosting a Thanksgiving dinner in the past because of the cost.
Nestle USA is recalling some of its Nesquik chocolate powder because of a possible salmonella risk. The food maker said Thursday that the Nesquik involved was in 10.9-, 21.8- and 40.7-ounce canisters produced in early October and sold at retailers across the country.
BP and attorneys for businesses and people who lost money in the Gulf oil spill urged a federal judge Thursday to give his final approval to a class-action settlement. U.S. District Judge Carl Barbier heard arguments from lawyers who negotiated the deal as well as other attorneys who have objected to parts of it.
The move is a reflection of the growing global demand for natural, sustainable and fairly traded products, albeit with a distinct Palestinian twist. The hardships faced by local farmers, ranging from a lack of rainfall to Israeli trade obstacles, mean that organic growing is one of the few ways Palestinians have to compete in outside markets.
Shares of Dean Foods Co. jumped Thursday after the company posted $36.4 million in third-quarter net income and boosted its full-year profit guidance. The Dallas-based food maker's profit amounted to 20 cents per share and compared with a loss of $1.54 billion, or $8.39 per share, in the same quarter a year ago.
7-Up with antioxidants will soon be off the market, after an advocacy group accused the drink maker of making misleading health claims. Dr Pepper Snapple Group said Thursday its 7-Up varieties that tout antioxidants will be off the market by early 2013.
In an emerging back-to-the-land movement, Palestinian farmers are turning the rocky hills of the West Bank into organic olive groves, selling their oil to high-end grocers in the U.S. and Europe. The move is a reflection of the growing global demand for natural, sustainable and fairly traded products, albeit with a distinct Palestinian twist.
Amazon.com has added wine to the long list of products it sells through its online marketplace. Amazon.com Inc. said Thursday that it will ship wine to 12 states and Washington DC from its new storefront. The world's largest online retailer says shipping up to six bottles will cost $10.
McDonald's Corp. is having trouble stomaching the competition. The world's biggest hamburger chain said Thursday that a key sales figure fell for the first time in nearly a decade in October, as it faced the double whammy of a challenging economy abroad and intensifying competition at home.
Bank officials say an auction of equipment at a failed sweetener plant in Moberly has so far raised less than 5 cents for every dollar spent to finance the project. UMB Bank, the bondholder trustee for Mamtek U.S. Inc., said the Oct. 24 auction raised $1.8 million, but not every buyer at the auction has paid for their purchases.
Shares of energy drink maker Monster Beverage Corp. tumbled in aftermarket trading Wednesday after the company said its revenue growth slowed in the third quarter. Monster said its net sales grew 14 percent, about half the pace of growth in the previous three quarters. Its revenue fell $36.5 million short of Wall Street's expectations.
U.S. Attorney David Hickton of Pittsburgh said the largest financial penalty ever imposed in the 25-county federal court district in western Pennsylvania resolves allegations that Krones Inc., of Franklin, Wis., helped Le-Nature's officials deceive lenders about the cost of bottling equipment the soft-drink company bought from Krones.
Americans born between 1977 and 1992 comprise the largest and most influential generational cohort since the Baby Boomers. As this group transitions into careers, marriage and raising children, restaurant operators and countless other businesses all want to know how to make important in-roads with Millennials, while continuing to appeal to other key segments of the population.
Wendy's reported a wider net loss for the third quarter that fell short of Wall Street expectations, but a key sales figure rose. The company, which is in the middle of a turnaround push, said Thursday that revenue at restaurants open at least 15 months rose 2.7 percent, marking the sixth straight quarter of growth.
A United Nations agency says prices for basic foods fell by 1 percent last month, led by lower prices for cereals, oils and fats, further assurance that fears of high prices leading to rioting aren't bearing out. The Food and Agriculture Organization said the trend in lower prices would likely mean the 2012 bill for importing food around the world would be $1.14 trillion.
Taco Bell wants to become destination for snack-starved younger people, not just a place to get burritos for lunch or dinner. The Mexican-style chain plans to announce this week an expansion of its sweet treats menu, with the addition of churros and cookie sandwiches to its current lineup of cinnamon twists and caramel apple empanadas.
Mondelez International Inc. said Wednesday its net income fell in the third quarter, as revenue took a hit from the stronger dollar in its first quarter as an independent company. Mondelez, formerly known as Kraft Foods Inc., makes snacks including Oreo cookies, Cadbury and Nabisco. It spun off its North American grocery business and changed its name Oct. 1.
As employees return to work Thursday at a chicken-processing plant that was the scene of a fatal workplace shooting, authorities and co-workers puzzled over what set off an ex-convict whose record had included mostly nonviolent crimes. Lawrence Nathaniel Jones, 42, had been in and out of prison since 1991 for crimes ranging from armed robbery to a car theft.
The items are part of the chain’s plans to become a snacking destination for people in their 20s. The Mexican-style chain plans to announce this week an expansion of its sweet treats menu, with the addition of churros and cookie sandwiches to its current lineup of cinnamon twists and caramel apple empanadas.
The Kroger Co. said today it is recalling select containers of Kroger Deluxe French Vanilla Ice Cream sold at the company’s Dillons, King Soopers/City Market, Fry’s Food and Smith’s Food & Drug operating divisions in 11 states because it may contain pecans not listed on the label.