Starbucks is cutting the suggested retail price of its bagged coffee sold in supermarkets, following similar moves by competitors amid falling commodity costs. The Seattle-based chain says 12-ounce bags of its whole and ground coffee will be $8.99, down from $9.99. The list price of its Seattle's Best coffee will also be slashed to $6.99 a bag, from $7.99. The new prices go into effect May 10.
The management of Dutch coffee maker D.E. Master Blenders 1753 NV says it has agreed to a 7.5 billion euro ($9.8 billion) buyout offer from a group led by private German investment company Joh. A. Benckiser GmbH. The offer of 12.50 euros per share announced Friday is 30 percent higher than where Master Blenders shares closed on March 27, the day before it announced it was in takeover talks with Benckiser.
A Florida billionaire said he planned to drink a glass of wine to celebrate a federal jury's conclusion Thursday that he was defrauded by a California businessman who sold him two dozen bottles of fake vintage wine at a 2005 auction. The jury in U.S. District Court in Manhattan awarded William Koch $380,000 in compensatory damages for the counterfeit bottles of Bordeaux labeled as if they were created from 1864 to 1950.
Wine sales in the U.S. from all production sources — California, other U.S. states and foreign countries — increased 2% from the previous year to a new record of 360.1 million 9-liter cases with an estimated retail value of $34.6 billion, according to wine industry consultant Jon Fredrikson of Gomberg, Fredrikson & Associates in Woodside.
As a new strain of Bird Flu sweeps through China, many consumers are swearing off chicken. Yum Brands has said the epidemic has had a "significant, negative impact" on it's KFC business in the country, despite the fact that Bird Flu cannot be contracted through eating properly handled chicken.
An Iowa company has recalled more than 1,000 pounds of pork jerky because the product's label doesn't list wheat, which can cause an allergic reaction for some consumers. Formosa Food Co., of Hull, is recalling 16-ounce individual packages of Formosa Brand Pork Szu, a cooked seasoned dried pork product.
A shuttered pasta plant in the northeastern North Dakota city of Cando might reopen soon under new ownership. A group of local buyers hopes to close a deal to purchase the former Noodles by Leonardo plant by the end of the month, Towner County Economic Development Director JoAnn Rodenbiker told the Grand Forks Herald.
The caffeinated concoctions sound like something out of a mad scientist's lab: coffee infused with bacon or caramelized tangerine; spiced orange reduction or liquefied cheesecake. After months of preparation and percolation, the country's top baristas are giving it their best shots in Beantown.
Mexicans love salt, so much so that some estimates show them eating nearly three times the recommended amount and significantly more than what Americans put down. Add this to rising obesity and a hypertension epidemic, and you have a potential health nightmare that has spurred Mexico's massive capital city to try to get residents to shun the salt shaker.
Four people, including two children, died and 96 others were hospitalized Thursday for food poisoning in a town west of Guatemala's capital. The fire department said the victims ate fruit and vegetables that weren't properly cleaned in the town of Santo Domingo Xenacoj. A doctor at one of the hospitals said the medical exams show the deaths were caused by E. coli bacteria.
Participants in the annual United States Barista Championship have 15 minutes to prepare and serve four espressos, four cappuccinos and four signature beverages, as they compete for a chance to go to the world championship in Melbourne, Australia.
A judge in Iowa has ruled that Iowa State University may not release documents containing research information about the meat product disparagingly dubbed 'pink slime.' The judge says releasing the information could damage Beef Products, Inc. (BPI), the company that manufactured it.
Ammonia refrigeration leaks pose both safety and economic risks to food companies, but many are unaware of these hazards. Attorney J. Tom Boer spoke with Food Manufacturing about ammonia refrigeration regulations and how manufacturers can ensure their system’s safety.
A Louisiana meat-packing company has recalled 20,166 pounds of potentially bacteria-tainted cooked roast beef deli meat. The U.S. Department of Agriculture's Food Safety and Inspection Service said Wednesday that Manda Packing Co., based in Baker, is recalling the meat that may be contaminated with Listeria monocytogenes.
Heinz is bringing in Burger King CEO Bernardo Hees as its next top executive, signaling what may be the first of many changes planned by the ketchup maker's new owners. The Pittsburgh-based company, which also makes baked beans, vinegar and Classico pasta sauce, had announced in February that it was being acquired and taken private by Warren Buffett's Berkshire Hathaway and 3G Capital.
Yum Brands says publicity surrounding a new strain of flu is hurting its KFC sales in China, putting added pressure on its efforts to recover from an earlier controversy over its chicken suppliers. The Louisville, Ky.-based company said in a regulatory filing Wednesday that the new bird flu cases have had a "significant, negative impact" on KFC in the past week.
Demand for baby milk formula is surging in Britain, but it seems likely the powder is going to babies thousands of miles away. British retailers said Wednesday they are limiting purchases of baby milk powder to two tins per customer after noticing some people were buying unusually large quantities in stores, apparently to export to China for profit.
The budget proposal President Barack Obama sent to Congress on Wednesday includes $714 million to build a new federal biosecurity lab in Kansas, the largest proposed federal expenditure for the project to date. Republican Sen. Pat Roberts of Kansas said the recommendation signals the administration's support for building the $1.15 billion lab.
U.S. families are increasingly embracing organic products in a wide range of categories, with 81 percent now reporting they purchase organic at least sometimes. This finding is one of many contained in the Organic Trade Association's (OTA's) newly released 2013 U.S. Families' Organic Attitudes and Beliefs Study, conducted Jan. 18-24, 2013.
After three years of consideration, West Coast federal fisheries managers on Tuesday unanimously adopted their first ecosystem approach to decisions on fishing seasons and catch quotas. Meeting in Portland, the Pacific Fishery Management Council adopted the Fishery Ecosystem Plan, whose first initiative will be to consider how to make sure enough little forage fish remain in the ocean for bigger fish to eat.