Anheuser-Busch InBev NV, the world's largest brewer, says that its profits rose in the first quarter in spite of falling sale volumes in important markets. The company behind Budweiser, Stella Artois, and Becks said Tuesday that even though revenues grew by 1.5 percent in the first quarter, volumes declined by 4.1 percent.
A trendy Las Vegas tapas restaurant that's racked up hundreds of rave reviews on the website Yelp is closed after more than three dozen patrons reported food poisoning symptoms. Southern Nevada Health District officials said the flagship Firefly restaurant on Paradise Road was shuttered Friday and will remain closed while they run tests to try to determine the source of the outbreak.
Heinz is one step closer to going private. The Pittsburgh-based ketchup maker said Tuesday that shareholders overwhelmingly approved its acquisition by Warren Buffett's Berkshire Hathaway and 3G Capital, the investment firm that also owns Burger King.
Just in time for Mother's Day, OpenTable is pleased to announce the 2013 Diners' Choice Award winners for Top 100 Best Brunch Restaurants in the United States. These awards reflect the combined opinions of more than 5 million reviews submitted by verified OpenTable diners for more than 15,000 restaurants in all 50 states and the District of Columbia.
Trading house Sumitomo Corp. said Tuesday it will set up a joint venture in China with Hong Kong and South Korean firms to manufacture and sell sugar from 2014. Sumitomo and TS Corp. of South Korea will hold a 33 percent stake each in the joint venture, while Taikoo Sugar Ltd. of Hong Kong will have a 34 percent stake in the venture to be launched in China's Guangdong Province.
A large Wisconsin dairy cooperative plans to close a cheese plant, idle another plant indefinitely and lay off more than 100 employees. Baraboo-based Foremost Farms is closing an Alma Center plant that makes mozzarella cheese for foodservice markets. The co-op is idling a cheddar cheese plant in Waumandee.
Demand for Hammer Head has been solid around the globe, but Vaclav Sitner, a member of the team tasked with creating a premium whisky, would not reveal how much was made and how much is still available. He would only said if the current sales remain at the same level of 10,000 - 15,000 bottles a year, it is expected to be sold out in five to seven years.
Hostess Brands LLC said Monday that it will open bakeries in Indiana and Illinois, following announcements last week that it will reopen bakeries in Georgia and Kansas in its effort to bring back some of its snack brands. The predecessor to Hostess Brands filed for bankruptcy protection in 2012 after years of turmoil and later decided to go out of business after a nationwide strike crippled its operations.
Looking for a new way to get that jolt of caffeine energy? Food companies are betting snacks like potato chips, jelly beans and gum with a caffeinated kick could be just the answer. The Food and Drug Administration is closely watching the marketing of these foods and wants to know more about their safety.
In this Monday, April 8, 2013 photo Eva Brozovska labels bottles with single malt "Hammer Head" whisky in a distillery in Pradlo, Czech Republic. The "Hammer Head" whisky made in communist Czechoslovakia matured in oak barrels for more than 20 years to reach surprisingly good quality before hitting the market.
Much attention has been paid to colony collapse disorder over the past several years as bee populations have plummeted. The pollination provided by bees is crucial to plant growth, and the EU has voted to restrict the use of certain pesticides in an attempt to curb colony collapse.
After sustained economic turmoil, mid-market executives have a stronger footing and are taking the necessary steps to make the sector an engine for growth in the next year. However, while optimistic about their own growth, according to findings in Deloitte's "Mid-market perspectives: 2013 report on America's economic engine," they have lower expectations for U.S. economic growth.
Where you can buy beer in Pennsylvania will be the subject of debate in the coming weeks in the state Senate, pitting profit-seeking businesses against one another and perhaps even against beer drinkers' wishes. What do beer drinkers want? In Harrisburg, that story line is being told by a variety of businesses in the context of what lines up neatly with their would-be profits.
Senator Feinstein's measure would codify a controversial deal between the United Egg Producers (UEP) — the egg industry trade association recently sued for an alleged price-fixing scheme — and the Humane Society of the United States (HSUS), which is now endorsing the exact same egg factory cages it previously opposed.
Bethenny Frankel plans to expand her Skinnygirl line of wine and spirits and power bars to include more food products. She has added what she calls "The New Girls" to her popular line of ready-to-serve drinks, including Moscato, White Cherry Vodka, Mojito and Sweet 'n Tart Grapefruit Margarita.
The European Union plans to restrict the use of three pesticides to better protect dwindling bee populations. The announcement Monday was cheered by environmentalists, disappointed chemical companies and came after the bloc's 27 nations failed to agree on a common stand.
The National Frozen & Refrigerated Foods Association will provide a national platform to promote June Dairy Month. June Dairy Month will have added promotional power this year as NFRA and their agency, Edelman, have developed a PR program for refrigerated dairy that will be launching in May. The program will build upon and reinforce the category’s strengths, while igniting a healthy new passion for refrigerated dairy.
The Canadian Cattlemen's Association is petitioning for government approval of irradiation as a tool against E. Coli in meat products. The petition is not a new one — the group sought approval 15 years ago but was rebuffed over public concerns.
Confidence in the U.S. job market has rebounded to roughly a normal level from its record low after the Great Recession, a trend that could help boost the economy. Americans increasingly feel they could find a new job if necessary, according to the results of the 2012 General Social Survey, a long-standing poll of public opinion.
The addition of umami compounds or foods rich in umami, allows for reductions in sodium content of foods without sacrificing taste, liking and pleasantness, according to a review of the existing evidence conducted by the Academy of Nutrition and Dietetics.