Shares of Dean Foods Co. jumped 9 percent Wednesday after the nation's biggest dairy company said its first-quarter profit rose sharply on higher sales. The company also predicted second-quarter and full-year profits will come in above Wall Street expectations.
A rose by any other name may smell as sweet, but an appeals court says a liquor bottle with a red dripping wax seal by any name other than Maker's Mark would be illegal.
Food companies looking to capitalize on consumers' increasingly sophisticated tastes — and their need for speed at the grocer and at home — are carving out new directions in lunch meat with upscale options that are pre-sliced, prepackaged and ready to go right alongside the bologna.
The founder of Green Mountain Coffee Roasters Inc., who was ousted as chairman for a stock sale that violated company policy, said the transaction was triggered after he was caught off-guard by a swift drop in the coffee maker's stock price.
On Wednesday, May 9, 2012, The 6th U.S. Circuit Court of Appeals court says a liquor bottle with a red dripping wax seal by any name other than Maker's Mark would be illegal. The decision comes in an appeal brought by London-based Diageo North America and Casa Cuervo of Mexico, which used a dripping red wax seal on special bottles of its Reserva tequila.
Aramark Corp. says that it hired former Pepsi manager Eric J. Foss to be chief executive of the food service company.
U.S. companies in March posted the highest number of job openings in nearly four years, a sign that hiring could strengthen in the coming months after slowing this spring.
TreeHouse Foods' first-quarter profit beat market expectations thanks to higher prices. But the company lowered its revenue expectations for the year, citing weakness at groceries.
Wholesale baking company Hostess Brands Inc., has notified the state it may lay off more than 180 workers in Wisconsin as part of its plan to get out of bankruptcy.
Last year's historic drought forced ranchers to cut their herds because they had no grass and couldn't afford high hay prices. Hundreds of thousands of cattle were slaughtered or sent out of the state, leaving Texas, the largest livestock producer in the nation, with its smallest herd since the 1950s.
Fun fruits and shared sweets, foreign flavors and healthy snacks are emerging as the 2012 trends to meet the ever-evolving appetites of consumers. Thousands of new confectionery and snack foods will be revealed May 8 – 10 during the 2012 SWEETS & SNACKS EXPO® in Chicago. The SWEETS & SNACKS EXPO® features the hottest new products from more than 560 companies leading the industry with the new flavors that meet consumers' tastes and invite them to unwrap a little happiness.
Molson Coors Brewing Co. said Tuesday that its first-quarter net income dropped 4 percent, hurt by the cost of its pending acquisition of StarBev, but earnings still topped analysts' expectations thanks to higher beer prices. The brewer also shuffled its executive ranks, naming a new head for the unit that will hold StarBev, a new CEO for its U.K. and Ireland business and a new chief financial officer.
Rhode Island's newest park is set to be dedicated in Central Falls this weekend as a tribute to the city's history as a center of chocolate manufacturing. The Blackstone Valley Tourism Council is formally dedicating the Chocolate Mill Overlook in Rhode Island's smallest city on Saturday.
The federal government is spending $4 million to help hook up farmers and low-income customers. Currently, fewer than a quarter of the nation's roughly 7,100 farmers markets are set up to use the Electronic Benefit Transfer system, or food stamps. But Kathleen Merrigan, deputy secretary of agriculture, said she hopes these grants will bring another 4,000 of those outlets on line with the Supplemental Nutrition Assistance Program.
An Idaho frozen food company has agreed to pay the Environmental Protection Agency $84,000 for failing to report its possession of hazardous chemicals to safety officials.
Louisiana health officials say they closed a harvesting area and ordered a recall of oysters taken from there since April 26 after 14 people became ill with norovirus.
The federal government is spending $4 million to make such markets more accessible to food stamp recipients.
The nation's second-largest grocery chain says it will adopt purchasing policies that favor more humane treatment of pigs. Safeway Inc. announced Monday that it's planning to stop buying from suppliers that use pig gestation crates.
Schools should be a cornerstone of the nation's obesity battle, but to trim Americans' waistlines, changes are needed everywhere people live, work, play and learn, a major new report says.
Salad dressing on your fish? How about on your stir fry? In a new ad campaign launching next week, Kraft Foods Inc. is hoping to boost sales by encouraging consumers to use its dressings in a limitless variety of dishes — as a dip, a spread, a marinade or perhaps a glaze. In case the message isn't clear, the packaged foods giant is even rebranding its lineup of dressings as "Anything Dressing."