French beverage company Pernod Ricard said Thursday that its annual net profit increased 10 percent as its focus on Asia and premium brands delivered its best results since the global economic crisis began in 2008. The company behind Absolut vodka and Mumm champagne said that its revenues grew 7 percent to €8.2 billion ($10.3 billion). Its net profit was €1.1 billion.
The number of Americans seeking unemployment benefits was unchanged last week at a seasonally adjusted 374,000, suggesting slow improvement in the job market. The Labor Department said Thursday that the four-week moving average, a less volatile measure, increased to 370,250.
Agriculture Under Secretary for Food, Nutrition and Consumer Services Kevin Concannon announced that America's students will see healthier and more nutritious foods in the cafeteria as they return to school this year. The new nutrition standards for school meals will help to combat child hunger and obesity and improve the health and nutrition of the nation's children.
Federal health officials are investigating a foodborne illness outbreak that has sickened more than 100 people in 16 states and has been associated with salmonella-tainted mangoes. Authorities said Wednesday they are still probing what caused an outbreak of 103 cases of salmonella Braenderup infections since July, and they are trying to identify which mango brands or sources may be linked to the illnesses.
Tens of thousands of people have splatted each other with 120 tons of tomatoes during the annual 'Tomatina' battle, leaving the eastern Spanish town of Bunol in a sea of red mush. Town hall estimates some 40,000 people, including many tourists, took part in Wednesday's hour-long street bombardment, which has its roots in a food fight among kids back in 1945.
Liquor producer Brown-Forman Corp. said Wednesday that its first-quarter net income surged 25 percent, spiked by double-digit sales growth for its flagship Jack Daniel's whiskey brand and a recent price increase for many of its premium brands.
A long-delayed South Dakota beef-processing plant given new life when Korean investors took over in 2009 is without an announced opening date more than six years after it was first proposed. Land for the $109 million Northern Beef Packers in Aberdeen was secured in 2006.
French fries, soda, ice cream, hamburgers, chicken, steak and pie are commonly requested items among inmates imminently facing execution, according to Cornell University researchers who studied 193 last meal requests in the United States.
Kraft Foods Group officials say the company's manufacturing facility in Bentonville will close next year.Spokeswoman Joyce Hodel told KHOG-TV Tuesday that 60 employees at the facility have been informed of the company's plans.
The Hillshire Brands Co., the former North American business of Sara Lee Corp., which split into two separate companies in June, said Tuesday it will be late filing its annual report with the Securities and Exchange commission for the fiscal year ended June 30, due to an investigation in Brazil.
Ready-to-drink (RTD) tea and coffee are widely gaining popularity due to fast and busy lifestyles and consumer desire to substitute to carbonated drinks. RTD tea is especially looked by the consumers in orient as a health drink. RTD coffee is perceived as an instant energy source and it makes the consumer more alert.
Shares of poultry producers rose on Tuesday after Sanderson Farms Inc. said it returned to a profit in the fiscal third quarter, helped by improving market conditions. Poultry and meat producers have suffered from high costs for feed and flat demand for poultry, but the pressure is slowly easing. Sanderson Farms' results beat analyst expectations and shares rose nearly 9 percent in afternoon trading.
A southwestern Indiana cantaloupe farm is the source of at least some of the salmonella responsible for an outbreak that sickened people in 21 states and killed two Kentucky residents, the Food and Drug Administration said Tuesday. Salmonella collected from Chamberlain Farms in Owensville matches the "DNA fingerprint" of the salmonella strain responsible for sickening 178 people.
Campbell Soup is tapping Andy Warhol for another 15 minutes of fame.The world's biggest soup maker plans to introduce special-edition cans of its condensed tomato soup bearing labels reminiscent of the pop artist's paintings at Target stores starting Sunday. The 1.2 million cans will cost 75 cents each.
High-octane energy drinks including 5-Hour Energy and Monster that promise healthy bursts of energy are getting pulled over in New York. New York state Attorney General Eric Schneiderman issued subpoenas this summer to the drinks' makers, according to a person familiar with the inquiry, speaking to The Associated Press on condition of anonymity because the investigation hasn't yet been made public.
California public health officials are investigating a foodborne illness outbreak that has sickened 73 people and has been linked to salmonella-tainted mangoes. Authorities say they are still probing what prompted the outbreak of salmonella Braenderup cases in California. They are trying to identify which specific mango brands or sources might be tied to the illnesses.
In this photograph taken Aug. 24, 2012, new limited edition Campbell's tomato soup cans with art and sayings by artist Andy Warhol are seen at Campbell Soup Company in Camden, N.J. Campbell plans to introduce the special-edition cans of its condensed tomato soup bearing labels reminiscent of the pop artist's paintings at Target stores starting Sunday, Sept. 2, 2012.
Earlier today, Brian Douglas pled guilty to felonious cruelty to animals—a class H felony in North Carolina. Douglas, along with several other Butterball employees, was documented violently kicking and stomping on birds, dragging them by their wings and necks, forcefully throwing turkeys, and bashing in the heads of live birds with metal bars.
Tropical Storm Isaac could wreck what was looking like an excellent year for Louisiana agriculture, LSU AgCenter experts say. Cotton, soybeans, and corn all are likely to suffer from the storm expected to make landfall Tuesday as a hurricane packing torrential rains and punishing winds.
Food maker H.J. Heinz Co. on Tuesday said strength in emerging markets and a better tax rate will help push its first-quarter earnings above analyst expectations. The world's biggest ketchup maker expects net income of 87 cents per share. Analysts had expected 80 cents per share, according to FactSet. A year ago, net income totaled 78 cents per share, excluding one-time items.