Increasing demand for SodaStream's fizzy drink makers lifted the company's third-quarter net income 66 percent. Shares jumped after it raised its forecast for the year. The company said revenue increased by a third in Western Europe and climbed 61 percent in the Americas. Revenue overall rose 49 percent to $112.5 million, topping analysts' average expectation of $104 million.
Kraft Foods' net income rose 13 percent in the third quarter, the food maker said Wednesday, as new products and increased advertising helped it top Wall Street expectations. The company, which makes Oscar Mayer, Maxwell House coffee and Miracle Whip, also stood by its forecast for 2013.
As the biggest seafood market in the world, the Tokyo Metropolitan Central Wholesale Market is a top sight for tourists visiting Japan. But if you want to catch the rapid-fire auction where giant tuna sell for hundreds to hundreds of thousands of dollars, you need to get to the market at about 4 a.m.
After being outspent ten-to-one by chemical and food company giants working to keep American citizens in the dark about their food, the California Right to Know-Yes on Proposition 37 campaign for GMO labeling was defeated at the ballot box, but defiantly set the stage for bringing the fight for our right to know, a core American value, to the federal level.
A three-year dispute over control of a Eugene natural foods company and other assets of a Sikh community was settled with feuding religious and business leaders dropping claims against each other. A federal bankruptcy judge approved the settlement Monday, The Register-Guard reported.
Any fisherman knows that catching the big one often requires waking up very early. The same is true for seafood lovers angling to see the famous tuna auction at the Tsukiji fish market in Tokyo. Tsukiji is the biggest fish market in the world, and tourists willing to line up well before dawn can view the rapid-fire auctions where the giant fish are sold.
A parolee who worked at a California food service company opened fire at the business on Tuesday, killing one person and wounding three others, before shooting himself, police said. The suspect was identified as Lawrence Jones, 42. Police said they didn't know what prompted the attack, although fellow employees told police he did not appear to be himself when he arrived at Apple Valley Farms Inc. for work.
While today’s packaging professional is focused on cost, performance and food safety/security, sustainability will replace cost as a dominant trend in 10 years, according to a study done by Packaging World and DuPont. Food safety/security is and will remain a top trend, respondents say.
Fair Trade USA announced significant growth and expansion of its Fair Trade Certified™ fresh produce program. Data shows strong growth across nearly every source country and product, resulting in more than 71.5 million pounds of Fair Trade Certified fresh fruit and vegetables imported in 2011, a 40 percent increase over 2010.
The North American Meat Association (NAMA) and the Meat Import Council of America (MICA) will co-locate their fall 2013 conferences during the Food Processing Suppliers Association (FPSA)’s PROCESS EXPO in Chicago, IL, November 3 – 6, 2013, the three associations said.
Improving health can be as easy as opening the freezer door. “Save time, save money, boost nutrition and control portions by eating low-calorie, frozen foods,” advises Jessica Bartfield, MD, internal medicine who specializes in nutrition and weight management at Loyola University Health System.
MaxPoint analyzed offline and online data points—including point-of-sale data and consumption of social media, videos, music, local Web pages and online magazines—to pinpoint the U.S. cities most interested in gourmet and comfort foods. Not surprisingly, the lists look very different.
A group of North Carolina men will cook about a dozen times this fall until the end of October and early November. Based in Denton near the most southern portion of Davidson County, the group is one of the only in the region that still practices the trade of turning stalks of sorghum into sweet molasses.
Packaging and processing professionals gathered in Chicago last week for PACK EXPO International 2012, the largest packaging and processing trade show in the world this year. The four-day event, Oct. 28–31, covered more than 1.1 million net square feet (nsf) in McCormick Place with 1,965 exhibiting companies.
The Hershey Co. has won approval to tear down part of the chocolate factory built by founder Milton Hershey following the shifting of production across town. The Derry Township Design Review Board on Monday approved the chocolate maker's plan to tear down much of the East Chocolate Avenue building, leaving behind the iconic smokestacks and bushes that spell out "Hershey Cocoa."
USDA announced Monday that the department is working with the state of New York and local food banks to distribute 1.1 million pounds of food to victims in New York City, Long Island, and Westchester and Rockland counties. USDA worked with New Jersey and local organizations last week to produce meals for victims in shelters there.
Denzel Washington's character in "Flight" drinks a lot throughout the film, but his portrayal of a highly functioning alcoholic pilot isn't going down well with brewing company Anheuser-Busch or the distributor of Stolichnaya vodka. Anheuser-Busch said Monday that it has asked Paramount Pictures Corp. to obscure or remove the Budweiser logo from the film.
Baskin-Robbins, the world's largest chain of ice cream specialty shops, today kicked off its third annual Create Baskin's Next Favorite Flavor Contest, which invites ice cream fans to concoct their own original ice cream flavors using Baskin-Robbins' virtual flavor creator for a chance to have it featured in Baskin-Robbins shops nationwide in 2013.
Kraft Foods Group Inc., which makes brands including Velveeta, Oscar Mayer and Jell-O, is set to report its first quarterly results as a stand-alone company Wednesday after splitting with its global snacks business. The split, which took place last month, was intended to accelerate growth for both companies by allowing them to focus on a more targeted portfolio of products.
Farm Service Agency (FSA) Administrator Juan M. Garcia today urged farmers and ranchers affected by Hurricane Sandy to keep thorough records of all losses, including livestock death losses, as well as expenses for such things as feed purchases and extraordinary costs because of lost supplies and or increased transportation costs.