Coca-Cola Enterprises, which bottles and distributes Coca-Cola drinks in Europe, said Thursday that its profit fell 12 percent in the fourth quarter as it dealt with rising costs and sold fewer beverages. The company, which is separate from Coca-Cola Co., said sales volume for the period fell by 5.5 percent amid "ongoing challenging conditions."
Some beef lasagna products recalled from British stores contained more than 60 percent horsemeat, U.K. food safety authorities said Thursday. It was the latest revelation in a growing scandal surrounding the use of horsemeat and the mislabeling of meat products in Europe.
This Wednesday, Feb. 6, 2013 photo shows fried chicken, foreground, and fried chicken livers with hush puppies at a restaurant in Charlotte, N.C. Deep-fried foods may be causing trouble in the Deep South. People whose diets are heavy on them and sugary drinks were more likely to suffer a stroke, according to a new study released Thursday, Feb. 7, 2013.
With economic activity shrinking in the fourth quarter of 2012, worker productivity also contracted. The figure will rebound and the downturn was caused by temporary factors, say economists, but not without some impact on corporate profits.
The Food Processing Suppliers Association (FPSA) and the International Dairy Foods Association (IDFA) announced that registration is now open for the co-located PROCESS EXPO and the International Dairy Show, taking place November 3-6, 2013 in Chicago's McCormick Place.
U.S. worker productivity shrank in the final three months of 2012 although the decline was caused by temporary factors. Productivity contracted at an annual rate of 2 percent in the October-December quarter, the biggest drop since the first quarter of 2011, the Labor Department reported Thursday. Productivity had risen at a 3.2 percent rate in the July-September quarter.
Could plastic foam containers get 86'd from the menu of takeout food options in the nation's biggest city? A sanitation official said Wednesday the idea is under discussion but it's too soon to say what will get recommended in an upcoming report on increasing recycling rates.
California school districts have misspent tens of millions of dollars intended to provide subsidized meals to low-income students, according to a state Senate report released Wednesday. The California Department of Education recently ordered eight districts to repay about $170 million to programs that offer free and reduced-price lunches and breakfasts, according to the investigation by the Senate Office of Oversight and Outcomes.
Flowers Foods said Thursday that its profit rose by 67 percent in the fourth quarter, as the maker of Tastykakes and various breads benefited from acquisitions and the demise of rival Hostess Brands. The company, based in Thomasville, Ga., said sales volume rose 10 percent for the October to December period. Its purchase of Lepage Bakeries, which makes Nature's Own bread, contributed to the quarter's sales.
The egg experts at the American Egg Board (AEB) and Egg Nutrition Center (ENC) teamed up with trend authorities at NPD Group and Research Chef Walter Zuromski, CEC, CCE, BS, who is AEB Culinary Advisor, to compile the following list of top egg trends for 2013.
Kentucky bourbon and Tennessee whiskey had another sales spike in 2012, led by pricier premium brands that lifted revenue above $2 billion. Mixed together, Kentucky bourbon and Tennessee whiskey sales from producers or suppliers to wholesalers rose 5.2 percent to 16.9 million cases last year, according to the Distilled Spirits Council, a national trade association that released figures Wednesday.
Regular consumption of deep-fried foods such as French fries, fried chicken and doughnuts is associated with an increased risk of prostate cancer, and the effect appears to be slightly stronger with regard to more aggressive forms of the disease, according to a study by investigators at Fred Hutchinson Cancer Research Center.
German police have recovered a cookie sculpture that may have been stolen by someone impersonating the Cookie Monster. Spokeswoman Jacobe Heers says the 20-kilogram (44 pound) gilded sculpture was found Tuesday morning outside a university. It was hanging from the neck of a horse sculpture with a red ribbon.
Green Mountain Coffee's net income rose 3 percent in its most recent quarter as it sold more single-serve coffee packs and brewers. But its forecast for revenues in the current quarter was below what analysts had been expecting and the company's stock was down almost 7 percent in extended trading.
Investigations in Poland have found no evidence backing Irish claims that Poland was the source of horsemeat that ended up in Irish and British burgers. Jaroslaw Naze, deputy head of Poland's General Veterinary Inspectorate, said Ireland needed to hand over more documentary evidence, including of labels on the suspected meat supplies, so that Polish officials can complete their own investigation.
A police officer holds a golden Leibniz cookie in front of the Leibniz University in Hannover, Germany, Tuesday Feb. 5, 2013. It is still not clear if the cookie belongs to the Bahlsen House, which reported theft in January. Someone dressed as the Cookie Monster has sent blackmails regarding the stolen cookie sculpture.
3M Co. said on Wednesday that it has named Coca-Cola Co. Chairman and CEO Muhtar Kent to its board of directors, effective April 1. The appointment expands the company's board to 11 directors. Kent, 60, has been CEO of Coca-Cola since 2008, and he became chairman in 2009. Before that he was president and chief operating officer, and was president of Coca-Cola International.
A survey conducted jointly by J.P. Morgan and the Control System Integrators Association (CSIA) reached out to nearly 1,800 professionals worldwide in the automation and control industry. The results suggest more manufacturers will look to industry experts for help in managing risk and automating their industrial equipment. Among the markets driving the activity is the food and beverage industry.
Hain Celestial Group Inc.'s said Tuesday that fiscal second-quarter profit rose 58 percent on higher revenue driven by acquisitions in the United Kingdom and rising sales of its brands elsewhere. The maker of Celestial Seasonings tea and Earth's Best baby food raised its full-year earnings outlook, but cut its revenue outlook, after revenue came in short of analysts' expectations.
Thanks to Kansas State University research, part of a healthy diet can include a hamburger rich with omega-3 fatty acids. Jim Drouillard, professor of animal sciences and industry, developed a technique that enriches ground beef with omega-3 fatty acids — fatty acids that have been shown to reduce heart disease, cholesterol and high blood pressure.