Coca-Cola Enterprises, which bottles the soda company's products in Europe, said Thursday that its fourth-quarter net income rose 17 percent on increased prices and strong growth for energy drinks. The Atlanta company earned $113 million, or 36 cents per share, compared with $97 million, or 28 cents per share, during the same period a year earlier and revenue increased 6 percent to $1.89 billion, matching expectations on Wall Street.
The smallest cattle herd since the 1950s likely will mean higher beef prices at the supermarket for the next two years. Experts said beef prices could climb as much as 10 percent a year in 2012 and 2013, and the increase could be even greater if demand from other countries increases.
Hold the mystery meat: Military bases will soon be serving more fruits, vegetables and low-fat dishes under the first program in 20 years to improve nutrition standards across the armed services. First lady Michelle Obama and Pentagon officials planned to announce the effort Thursday during a visit to Little Rock Air Force Base in Arkansas, where the military has been experimenting with the idea through a pilot program designed to improve the quality and variety of foods served on base.
PepsiCo is trying to put some fizz back into its business. The food and drinks maker announced a restructuring on Thursday that includes cutting 8,700 jobs globally and plowing money into advertising drinks like Pepsi and Mountain Dew in North America.
Whether it's a cup or bowl, side or entree, 61 percent of consumers now order soup at least occasionally during restaurant visits, up from 52 percent just two years ago. Salads have grown even more, nearly half of consumers now order salad all or most of the time compared to 34 percent.
Officials say at least 22 people have died and more are sick after drinking toxic bootleg liquor made from cough medicine in eastern India.
A fight brewed in the Legislature Wednesday over a proposal to clarify whether Wisconsin residents can make and serve beer outside their homes. Supporters, many home brewers, testified during a packed state Assembly committee hearing that they just want to continue brewing and sharing homespun suds as they have for years. But industry officials said the bill risks necessary state rules and regulations — especially those that apply to alcohol distribution.
Candy company executive Nello Ferrara lived a sweet life. The man who brought the world Lemonheads and Atomic Fire Balls routinely serenaded the restaurants where he dined and held mandatory family dinners every Sunday, said his son, Salvatore Ferrara.
The owner of one of Long Island's largest catering companies has been accused of seriously violating Jewish law by having workers prepare kosher and non-kosher meals in the same kitchen. The allegations come from the former chef and general manager of Morrell Caterers, who claim they were instructed to prepare non-kosher meals in one of three kitchens operated by the company. Among observant Jews, kosher law defines what foods are fit for consumption and how they must be prepared, and the mixing of kosher and non-kosher products is strictly forbidden.
Diamond Foods Inc. is replacing its CEO and chief financial officer after an internal investigation found that the company improperly accounted for payments to walnut growers and it needs to restate two years of financial results.
Starbucks and Ai Ni Group join government officials in Kunming to sign joint-venture agreement to bring China's Yunnan coffee to the world.
California's ripe olive growers have a significant impact on the state's economy, yielding nearly $493.6 million in annual economic activity – or nearly $1.4 million dollars each day of the year – as a result of grower spending, according to a newly released report commissioned by the California Olive Committee (COC) and conducted by Dennis H. Tootelian, Ph.D., Tootelian & Associates.
Like many pet owners, customers at April Lawrence's pet bakery and boutique in central Iowa want the best for their four-legged family members. That means high-quality, safe and eco-friendly products, from organic food and treats to BPA-free toys and water dishes. And they don't mind paying extra.
Yum Brands Inc., the owner of Taco Bell, KFC and Pizza Hut, said Tuesday it's on course to deliver another hefty round of restaurant growth overseas in 2012, led by its insatiable China market and its emerging business in India.
The U.S. Department of Agriculture (USDA) has imposed sanctions on four produce businesses for failure to pay reparation awards issued under the Perishable Agricultural Commodities Act (PACA).
The Institute of Food Technologists (IFT) recently submitted comments to the United States Food and Drug Administration (FDA) and the United States Department of Agriculture (USDA) Food Safety and Inspection Services (FSIS) offering scientific perspective and practical insights on reducing sodium consumption in the United States.
Hispanics now comprise 16 percent of the U.S. population and the U.S. Census indicates the U.S. Hispanic population is expected to grow 34 percent from 2010 to 2020. The NPD Group, a leading market research company that has been tracking America’s eating behaviors for the last three decades, is finding that the growth of the U.S. Hispanic population combined with their adherence to dining traditions is beginning to influence national consumption patterns.
A South Carolina company is recalling about 2,800 of its chicken salad sandwiches because of concerns about possible listeria contamination.
A new report from Rabobank's global Food & Agribusiness Research and Advisory department examines the global dairy industry, forecasting growth that will be enviable but uneven, and skewed to emerging markets.
A hot dog eatery made famous on the TV series "M-A-S-H" has been sold after a yearlong family feud over ownership. Representatives of a private restaurant group in Toledo said Monday they have finalized their $5.5 million purchase of the Tony Packo's chain, whose future had been in doubt since a bank foreclosed on its loans and a court-appointed third party was put in charge.