McDonald's managed to eke out a higher profit for the first quarter even as a global sales figure declined for the world's biggest hamburger chain. The company also warned that sales for April are expected to fall slightly. McDonald's Corp., based in Oak Brook, Illinois, has been struggling to boost sales amid intensifying competition, changing eating habits and challenging economic conditions around the world.
B&G Foods Inc.'s first-quarter net income jumped 17 percent on improved sales, including significant gains from its New York Style and Old London brands. The company, based in Parsippany, N.J., makes foods under brands such as Cream of Wheat, Mrs. Dash and Grandma's Molasses.
Anheuser-Busch InBev reached a final agreement with the Department of Justice, settling a dispute over its $20.1 billion acquisition of the Mexican brewer, Grupo Modelo. The world's largest brewer has been trying since June to buy the half of Grupo Modelo that it doesn't already own. The Justice Department blocked the deal out of concern that a company that massive would stifle competition in the U.S.
Activist investor Nelson Peltz has disclosed stakes in Mondelez and PepsiCo, following earlier reports that the billionaire could be pushing for a marriage between the sweet and salty snack giants. In a statement early Friday, PepsiCo also disclosed that it has held meetings with Peltz's Trian Fund Management in recent weeks to consider its "ideas and initiatives" for long-term growth.
The Food Processing Suppliers Association's (FPSA) PROCESS EXPO will be held November 3-6 at Chicago's McCormick Place. The show recently surpassed 200,000 square feet in space as exhibitors clamor to snap up booth space in the North and South halls of the convention center.
As spring fever sets in, people are inspired to energize everything from wardrobes to eating habits. By breaking down the differences in order choices on hot and cold days, the analysts at GrubHub found that traditionally fresh and lighter fare dominate spring and summer takeout orders.
The Food Processing Suppliers Association (FPSA) announced today that it has now surpassed the milestone of 200,000 square feet for the 2013 PROCESS EXPO trade show. The show will be held November 3-6 at McCormick Place (South and North Halls) in Chicago.
The downbeat public attitudes registered in a new Associated Press-GfK poll coincide with several dour economic reports showing recent slowdowns in gains in hiring, consumer retail spending, manufacturing activity and economic growth. Automatic government spending cuts, which are starting to kick in, also may be contributing to the current sluggishness and increased wariness on the part of both shoppers and employers.
Organic dairy company WhiteWave Foods Co. plans to expand its plant in Virginia's Rockingham County, creating 36 jobs. Gov. Bob McDonnell said Thursday that the company will invest $69.8 million to expand its Mount Crawford facility. The upgrades will include a new warehouse facility and machinery to expand production and meet increased market demands. The plant has been in operation for 25 years.
When you're talking about rum, how much does the Caribbean really matter? For the rum world, it's a more serious question than it sounds, and the answer exposes a schism in the industry, a divide between massive producers who value uniformity in a global market and smaller players and connoisseurs who prefer nuanced production that reflects the time and place a rum is made.
A Dutch court on Thursday upheld a decision by the country's Food and Consumer Product Authority to recall 50,000 tons of meat sold across Europe as beef. The agency said it fears the meat, which came from a processing plant named after its owner Willy Selten, may have had horse meat mixed into it. It said an investigation of Selten's records showed more meat leaving his plant than arriving.
Sixty-seven percent of all freight travels on trucks, and 90 percent of cargo theft occurs during truck transit. Tyco Integrated Security provided this infographic illustrating the risks and costs associated with transporting cargo by truck.
After a number of concerns were brought to the table questioning potential labor and First Amendment violations, a California bill that would have put restrictions on the activities of those who film animal abuses at meat processing facilities and slaughterhouses has been killed.
While "hazard-based decision-making" has been, and often still is, the norm, governments around the world are adopting Risk Analysis (RA) as the framework for risk-based decision-making. Unilever has adopted this governmental model to risk-based decision-making and the science/technologies involved in it into our food safety assurance approach to innovating and marketing food products.
PepsiCo is selling more its snacks and drinks around the world, even as the maker of Frito-Lay, Tropicana and Quaker Oats tries to figure out how to sell more soda in the United States. The company on Thursday reported a first-quarter profit that beat Wall Street expectations as it saw strong growth in emerging markets and benefited from a lower tax rate.
Swiss food and drinks giant Nestle SA notched a gain of 2.3 percent in first-quarter sales and confirmed Thursday it was on track for another year of steady growth, despite economic problems in a number of its key markets in the developed world.
After weeks of opposition from animal welfare advocates, labor groups and First Amendment experts, a California assembly member withdrew a bill that would limit undercover abuse investigations before it could advance past its first step. California now joins Arkansas and Wyoming in declining in recent weeks to advance bills that seek to punish the documenter of farm animal abuse rather than the abuse itself.
Health officials are seeing more food poisonings caused by a bacteria commonly linked to raw milk and poultry. A study released Thursday said campylobacter cases grew by 14 percent over the last five years. The Centers for Disease Control and Prevention report was based on foodborne infections in only 10 states — about 15 percent of the American population.
At a time when Starbucks can be found on practically every corner, have Americans chosen convenience as the deciding factor in where they get their caffeine jolt? Not according to a recent Harris Poll that suggests consumers — particularly millennials — may have become somewhat of coffee connoisseurs.
Legislation that allows small home bakeries to operate without a food preparation license has been signed into law by Oklahoma Gov. Mary Fallin. Fallin signed the Home Bakery Act on Monday. The Oklahoma House approved the legislation without opposition in March. The state Senate passed the bill last week.