Green Mountain Coffee Roasters Inc.'s shares rose Thursday after a Key Banc analyst gave an upbeat assessment of the company's near-term prospects. Analyst Akshay Jagdale said the market is expecting a price war over single-serve coffee pods will erupt once the company's key patents expire in September. As a result many investors expect the company will lower its 2013 earnings estimates.
McDonald's says it will be the first national restaurant chain to carry a label from a group that certifies sustainable fishing practices. The blue "ecolabel" from the Marine Stewardship Council certifies that the Alaskan Pollock used in McDonald's Filet-O-Fish sandwiches come from suppliers with sustainable fishing practices.
A Zimbabwean nutritionist, Marlon Chidemo, says the worms are high in healthy nutrients and contain three times the amount of protein as beef. He says eating worms is less taxing on the environment than consuming beef because it takes far fewer leaves to produce worms than it does feed to produce the same amount of beef.
McCormick & Co.'s fourth-quarter net income rose nearly 13 percent, buoyed in part by higher prices and strength in emerging markets such as Africa and the Middle East. But the profit results missed Wall Street expectations, and the spice maker, based in Sparks, Md., issued a forecast that was below analysts' projections because of an increased tax rate and retirement benefit costs. That sent shares tumbling.
Environmental groups are pushing back against the Cuomo administration's plan to support a growing yogurt industry by easing regulations on large-scale dairy operations. Farms with up to 200 cows are exempt from regulations requiring extra steps to prevent pollution from cow waste. Cuomo has proposed raising the limit to 300 cows to help farms expand without incurring high regulatory costs.
In Zimbabwe as well as most parts of southern Africa, mopane worms are a staple part of the diet in rural areas and are considered a delicacy in the cities. They can be eaten dry, as crunchy as potato chips, or cooked and drenched in sauce.
Shares of Starbucks were up slightly in premarket trading Thursday with analysts expecting the coffee company to report a higher profit for its fiscal first quarter after the closing bell. The higher expectations come as Starbucks has continued expanding its footprint and diversifying its business mix.
The world's top tea-growing nations have formed the first-ever international forum of tea producers, aiming to make their product the most popular beverage globally and also to ensure price and production stability. The International Tea Producers' Forum was established by the six major growers — India, Kenya, Indonesia, Malawi, Rwanda and Sri Lanka.
Tennessee is one of five states to receive a federal grant to establish an Integrated Food Safety Center of Excellence. The center will be located at the University of Tennessee at Knoxville and operated in cooperation with the state Health Department.
The parent company of IHOP and Applebee's said Wednesday that it will eliminate the use of gestation crates from its pork supply chain for its more than 3,500 restaurants. DineEquity Inc. said the move is part of its commitment to animal welfare. It joins a growing list of restaurants and other food companies that are halting use of the practice over growing public concern.
McDonald's used the Dollar Menu to help lift its profit in the latest quarter. Now the world's biggest hamburger chain is turning to a pipeline of new menu items to boost slumping sales, starting with "Fish McBites." The Oak Brook, Ill.-based company is betting that it will be able to beat back intensifying competition and economic pressures with the lineup.
An unlikely coalition of opponents to New York City's new law restricting the sale of high-calorie beverages is taking the city to court in an attempt to block the legislation. The American Beverage Association along with the New York state NAACP and others appeared in court on Wednesday to challenge the law.
Technomic Inc. has presented its first ever Chain Restaurant Consumers' Choice Award winners. Selected by consumers themselves, the winners were recognized yesterday at the Consumer Trends & Directions Conference in Newport Beach, CA.
The popular wine known as "Two-Buck Chuck" will need a new name after the bargain beverage's price was raised. The Santa Rosa Press Democrat reports that over the past decade shoppers at Trader Joe's California stores paid $1.99 for a bottle of Charles Shaw shiraz or cabernet sauvignon.
Wisconsin produced a record 27.2 billion pounds of milk last year. However, the 4 percent increase didn't necessarily translate to more money for dairy farmers. Milk prices were down and feed costs were higher. Both factors helped offset the increase in revenue from harvesting more milk.
The first courtroom arguments in the closely watched case ended without an immediate ruling. Opponents said they planned to ask a judge to delay enforcement during the suit, which has broached questions of racial fairness alongside arguments about government authority and burdens to business.
Union membership plummeted last year to the lowest level since the 1930s as cash-strapped state and local governments shed workers and unions had difficulty organizing new members in the private sector despite signs of an improving economy.
Burger King says it has stopped buying beef from an Irish supplier whose patties in Britain and Ireland were found to contain traces of horsemeat. The fast food chain said in a statement that it had dropped Silvercrest Foods as a supplier for its U.K. and Ireland restaurants as a "voluntary and precautionary measure."
New York City defended its groundbreaking size limit on sugary drinks Wednesday, Jan. 23, 2013, as an imperfect but meaningful rein on obesity, while critics said it would hurt small and minority-owned businesses while doing little to help health.
Nearly 800 new records of “food fraud” added to the U.S. Pharmacopeial Convention’s (USP) Food Fraud Database present new information about foods that are vulnerable to fraudulent manipulation in today’s food supply. Analyses of new information by USP scientists add seafood (fish, shrimp), clouding agents and lemon juice as categories vulnerable to food fraud.