A lower tax expense helped Molson Coors Brewing Co.'s fourth-quarter net income more than double, but earnings fell short of Wall Street's expectations. The beer maker also said Thursday that it is raising its dividend 16 percent, or 5 cents, to 37 cents.
To abide by Russian law, beer is not sold inside any venue at the Sochi Games. It's readily available at concession stands in Olympic Park, at restaurants and bars and at various national team houses in the area — just not to the general public where the games and races take place.
Dean's Sour Cream and Cottage Cheese products are currently arriving on retailer shelves throughout the upper Midwest in new packaging. The company says the packaging concept, originally developed and used throughout Europe, provides several consumer benefits.
Southwestern Illinois prosecutor Tom Gibbons is lobbying for sixth-grader Chloe Stirling, whose home-based cupcake business was shut down after county health officials concluded that her $200-a-month operation did not comply with state law.
Burger King's new lower-calorie french fries didn't spark a stampede to restaurants, but the company says they helped push up sales slightly amid heightened competition. The chain reported a higher quarterly profit on growth overseas, with particularly strong results Asia.
Molson Coors hopes its red fridge in Sochi will do more than just quench the thirst of Canadian Olympic supporters. The bright red machines at Canada House allow those with a Canadian passport to open them for free beer and have been prominently featured in news reports.
A new law in France would let restaurants label a dish “fait maison” — homemade — only when it’s made in-house from fresh ingredients. Supporters say the law could create jobs by encouraging a return to traditional restaurant cooking.
A new law would let restaurants label a dish "fait maison" — homemade — only when it's made in-house from fresh ingredients. At a time of economic crisis and with high restaurant taxes, though, more and more French chefs are tempted to resort to pre-packed food to cut costs.
John W. Bode, President and CEO of the Corn Refiners Association, comments on the ongoing dispute between the Corn Refiners and the Sugar Association, arguing that the Sugar Association promoted a study that it internally assessed as "totally flawed."
French drinks maker Pernod Ricard warned that profitability will shrink this year as it reported a drop in first half earnings and sales. The maker of Absolut vodka forecasted that core earnings growth would slow to between 1 and 3 percent this year.
PepsiCo plans to stick by its struggling North American beverage unit, with hopes that the introduction of naturally sweetened, lower-calorie beverages will help revive soft drink sales. The company has been under pressure to spin off the drink business in favor of its stronger Frito-Lay snack unit.
The Navajo Nation president has vetoed a proposal to impose an additional tax on junk food on the country's largest reservation. President Ben Shelly said the legislation isn't clear on how the tax on snacks high in fat, sugar and salt would be enforced and regulated.
Nestle, the world's biggest food and drinks maker, expects 2014 to be just as challenging as last year amid falling growth in emerging markets and weaker prices in Europe. The company's results are a good indicator of the strength of consumer demand around the world.
The California Cling Peach Board commissioned a new survey that has uncovered some serious misconceptions about canned peaches. The survey reveals that almost two-thirds of respondents think that the canning process adversely affects the nutritional content of peaches.
Paula Deen has found a key ingredient to bring some sizzle back to her career — a cash infusion worth at least $75 million from a private investment firm. The celebrity cook has launched an umbrella company that will oversee the remaining slices of her media empire.
The Animal Welfare Institute sent a letter to Mike Brown, president of the National Chicken Council, condemning the trade association's new guidelines for the humane treatment of the 9 billion chickens raised for meat each year in the United States.
Chobani's quest to get its Greek yogurt to the Sochi Olympics is coming to an end. The company said it plans to donate a shipment of about 5,000 cups of yogurt it had hoped to send to U.S. athletes at the Winter Games to food banks in New York and New Jersey.
Mondelez reported a fourth-quarter profit Wednesday that fell short of Wall Street expectations as the Oreo maker struggled with cookie sales in China. The company said its core revenue for the final three months of the year rose 2.5 percent.
Americans are cutting back on both regular soda and diet soda. So Dr Pepper Snapple Group said it plans to test versions of its Dr Pepper, 7Up and Canada Dry sodas this year that have about 60 calories a can with only naturally derived sweeteners.
The Los Angeles City Council voted to begin the process of granting urban bees legal residency in residential areas. The vote comes against the backdrop of colony collapse disorder, a worrisome die-off of honeybees that has captured the attention of environmentalists and farmers worldwide.