NEW YORK (AP) — Smithfield Foods benefited from a large insurance claim recovery in its third quarter, pushing its net income significantly higher as demand for pork continues to rise. But the world's biggest hog producer also said Thursday that it will likely face higher costs over the summer, which will mean higher pork prices for consumers.
CHARLOTTE, N.C. (AP) — Coca-Cola Bottling Co. Consolidated said Thursday its profit nearly doubled in the fourth quarter as revenue rose while expenses for sales, interest and income taxes fell. The nation's biggest independent Coca-Cola bottler said its net income rose to $3.8 million, or 41 cents per common share, for the last three months of the year from $2 million, or 22 cents per common share, a year ago.
(AP) — Dead fish float in the King Harbor area of Redondo Beach, south of Los Angeles, Tuesday, March 8, 2011. An estimated million fish turned up dead on Tuesday, puzzling authorities and triggering a cleanup effort. (AP Photo/The Daily Breeze, Brad Graverson) FDA: Agriculture Uses 80 Percent Of U.
OAK BROOK, Ill. (AP) — McDonald's says higher global demand, especially in Europe, boosted sales in February. Revenue at company-owned and franchised restaurants open at least 13 months grew 3.9 percent, more slowly than January's 5.3 percent. McDonald's Corp.'s stock fell 88 cents in midday trading to $75.
SEATTLE (AP) — Starbucks customers saw something new Tuesday when they sipped their coffee. The Seattle-based company rolled out its new words-free logo Tuesday on all its cups. Signs also changed at a handful of stores, and the new logo will show up on more storefronts in the future.
BOSTON (AP) — The Boston Beer Co. Inc., which brews Samuel Adams beer, said Tuesday its fourth-quarter profit jumped 63 percent, aided by stronger sales and shipments. But the results fell short of Wall Street expectations, sending the company's shares tumbling more than 9 percent, or $8.
WASHINGTON (USDA)-- Creekstone Farms Premium Beef, an Arkansas City, Kan., establishment, is recalling approximately 14,158 pounds of ground beef products that may be contaminated with E. coli O157:H7, the U.S. Department of Agriculture's Food Safety and Inspection Service (FSIS) announced today.
Tropicana says it will raise prices on some of its juices by 4 percent to 8 percent to cope with higher costs it is facing due to cold weather's impact on citrus crops in Florida. The juice maker, which is owned by PepsiCo Inc., is the largest purchaser of Florida fruit and juice. The company said Tuesday that it is coping with two extreme freezes, the coldest December on record and a smaller-than-expected crop for second year in a row.
(AP) — Starbucks Corp. employees wave for a photograph after CEO Howard Schultz unveiled the company's new logo, Tuesday, March 8, 2011, at Starbucks' headquarters in Seattle, on the day marking the 40th anniversary of the company. The new logo drops the word "Starbucks," but still features the coffee company's signature "Siren" figure.
RICHMOND, Va. (AP) — Smithfield Foods Inc. is giving consumers a behind-the-scenes look at the world's largest pork producer on the heels of animal abuse allegations at one of its hog farms. The Smithfield, Va.-based company said Monday that it has released a new series of videos that provide an in-depth look at pork production at the company's Murphy-Brown livestock production subsidiary, based in North Carolina.
WASHINGTON (AP) — The company that makes Skippy peanut butter is recalling two of its spreads that may be contaminated with salmonella. No illnesses have been linked to the recall of the Skippy reduced fat creamy and reduced fat chunky brands. Unilever United States Inc. did not specify how many jars have been recalled.
FLORIDA, N.Y. (AP) — Authorities say the roof on a section of Beech-Nut Nutrition Corp.'s new food plant in the Mohawk Valley has collapsed. Company President and CEO Jim Schneider says in a release that no one was injured when a small portion of the roof in the production area caved in Monday.
Subway now has more restaurants worldwide than McDonald's. The sandwich chain surpassed the world's largest hamburger chain in terms of number of stores in the U.S. in 2002 and now it has taken the global lead. Subway had 33,749 restaurants worldwide at the end of last year, according to the company.
LOUISVILLE, Kentucky (AP) — Liquor company Brown-Forman Corp. posted a 30 percent increase in its third-quarter profit on Tuesday, beating Wall Street estimates on the strength of surging international sales and a robust showing by its flagship Jack Daniel's brand. The Louisville-based company also raised its full-year earnings outlook and reported improving results in the United States, where the economic downturn has made consumers less inclined to venture out to drink at bars and restaurants.
(AP) — Indian women sort red chilies at a field near Ahmadabad, India, Monday, March 7, 2011. Giving women better access to land, technology and other agricultural resources could reduce the number of hungry people by up to 150 million, said a U.N food agency report, released in Rome on the eve of international women's day.
NEWPORT, Ore. (AP) — Jeff Boardman has been a shrimp fisherman for three decades, plying the waters of the Oregon Coast at the helm of the Miss Yvonne. He's an agile businessman, moving his homeport from Yaquina Bay to Charleston last year because that's where the shrimp were, so he could cut fuel costs.
WASHINGTON (AP) — Certain packaged and bulk containers of in-shell hazelnuts and mixed nuts made by DeFranco & Sons of Los Angeles have been recalled because they could contain E. coli bacteria. Seven cases of E. coli infection, possibly linked to the nuts, have been reported in Michigan, Minnesota and Wisconsin.
SIOUX CITY, Iowa (AP) — Global Foods Processing Inc. has announced plans to expand its operation in Sioux City with the construction of a new facility on the site of the former John Morrell & Co. meatpacking plant. The company already has a plant in Sioux City. It employs 175 people and KTIV-TV in Sioux City reported that the $10 million expansion would add nearly 200 jobs.
DES MOINES, Iowa (AP) — An organics watchdog group's criticism of a cereal company that describes its products as "all natural" is the latest in the debate about whether the term is being used to confuse consumers or simply give them more information. The Wisconsin-based Cornucopia Institute recently filed a complaint with the Federal Trade Commission against Hearthside Food Solutions, makers of Peace Cereal.
WEIRTON, W.Va. (AP) — Four workers have been injured — one of them seriously — in a steam accident at a West Virginia tin mill. The plant in Weirton, about 30 miles west of Pittsburgh, Pa., is owned by the world's largest steel maker, Luxembourg-based ArcelorMittal. It makes rolled steel sheets for use in cans for food and other products.