Kraft says its new North American food company will be poised to deliver long-term profit and revenue growth, while also returning cash to its shareholders. Kraft Foods Inc. is set to split into two companies next month. One will keep the Kraft name and focus on North American grocery brands such as Velveeta and Oscar Mayer. The other will be called Mondelez and focus on snacks such as Oreos that are sold internationally.
If your lunch still consists of a bowl of Campbell's tomato soup and a grilled cheese sandwich, chances are you grew up using a typewriter. Generations of Americans have moved on from Campbell's condensed chicken noodle and tomato soups in search of heartier varieties with more exotic flavors. Now, the world's largest soup company is racing to do the same.
Coca-Cola's newest drink won't come in a bottle or a can. And people will only need a squirt or two to quench their thirst. The world's largest beverage company is introducing its Dasani Drops in coming weeks, which can be squeezed into water for some on-the-spot fruity flavor. And Coca-Cola is betting that there's big potential for growth.
Raw milk and cream from a Fresno County dairy are being recalled after tests found the bacteria campylobacter in the cream. The California Department of Food and Agriculture said on Wednesday it is recalling Grade A raw whole milk, skim milk and raw cream produced by the dairy, Organic Pastures. The recalled products have a code date of Sept. 13. No illnesses have been reported.
Ben & Jerry's considers "Ben & Cherry's" in bad taste. The ice cream maker that introduced the flavors Schweddy Balls and Karamel Sutra sued the maker of "Ben & Cherry's" X-rated DVDs Wednesday, saying the "hardcore pornographic" films have smeared its reputation.
West Coast Chill Pure Energy packaged in the world's first self-chilling beverage can went on sale to the public on Monday, August 6, 2012. The self-cooling technology, featuring the EPA Stratospheric Award winning MicroCool technology, allows the beverage to drop 30 degrees within minutes once a button on the can has been activated.
In the midst of some of the most difficult market conditions in years, more than 50 pork producers will meet in Des Moines Sept. 5-6 to draft a 2013 budget for the National Pork Board that focuses on continuing to build demand for pork while addressing several challenging production issues.
It's no coincidence food cooperatives across the U.S. are making big changes. Many are preparing for the arrival of a Whole Foods or Trader Joe's, two organic- and specialty-food industry giants that are opening new stores nationwide. Some co-ops are even dispatching camera-toting, intelligence-gathering crews to poach ideas from the big guys.
Hard cider, which came to the United States with the pilgrims but was lost in a sea of sweet, unfermented juice after Prohibition, has been making a comeback with increased sales and launches of new styles and flavors that have brought a bushel of options to store shelves.
The European Union's highest court says wines cannot make assertions like "easily digestible" since it is a health claim unbefitting alcoholic drinks. Thursday's EU Court of Justice ruling means that the Germany's Deutsches Weintor cooperative will have to change the labels on its Dornfelder and Burgunder wines which it described as "mild edition" with "gentle acidity."
Snyder's-Lance Inc. said Wednesday that it plans to buy cracker maker Snack Factory LLC for $340 million in cash to expand into the deli-bakery snack business. The company expects the deal to close in the fourth quarter. It anticipates the acquisition will add 2 cents per share in its 2012 fiscal year and 10 cents per share in 2013. Snyder's also thinks the purchase will boost its revenue by $160 million in 2013.
Awareness of nanotechnology is still low, but there are some surprising differences in opinion. Perhaps not surprisingly, reports of having heard at least a little about nanotechnology were significantly higher among all sub-65 age groups than among those in the 65+ age group.
Fair Trade USA, the leading third-party certifier of Fair Trade products in the United States, today announced that two groups of independent, small-scale coffee farmers have achieved Fair Trade certification. As part of Fair Trade USA’s Fair Trade for All initiative, these new pilot programs will provide 800 small farmers in Costa Rica and Colombia access to the many opportunities and benefits of Fair Trade.
The nation's largest Hispanic-owned food company has broken ground for the next phase of its headquarters and regional distribution center in northern New Jersey. Goya Foods received more than $80 million in tax breaks from New Jersey to remain in the state. The 615,000-square-foot, $127 million headquarters and warehouse are being built in Jersey City.
General Mills Inc. on Wednesday reaffirmed its full-year forecast but says its first-quarter profit may fall. The Minneapolis-based food company said it expects its first-quarter profit should meet the company's expectations, but will fall in comparison to last year. It did not provide further details on the period but will report its full results on Sept. 13.
Green Mountain Coffee Roasters Inc. on Thursday plans to introduce a line of drinks touting antioxidants, vitamins and other health benefits, as the company looks to expand amid intensifying competition for its single-serve coffee drinks. The Waterbury, Vt.-based company's "Wellness Brewed" drinks, which can be made with its Keurig single-serve brewing machines, come as the patent on its K-cup technology is set to expire this month.
Prices of basic foods remained flat in August, offering assurances that a repeat of the global food price crisis that sparked rioting several years ago is unlikely, U.N. food agency officials said Thursday. While current prices are still high, they are lower than the levels that triggered rioting and unrest in parts of the developing world in 2007-2008.
The patented "Gizmo Closure and Delivery System," an innovative, pressurized bottle cap design that infuses a drink with fresh, preservative-free ingredients upon opening, has been utilized for the first time in Tea of a Kind. Once the cap is twisted, the ingredients burst into the bottle and self-mix, creating a color change and a visual confirmation that the drink is fresh and ready to consume.
The National Cattlemen’s Beef Association clearly spelled out its opposition to any attempt by the Environmental Protection Agency to lower the coarse particulate matter National Ambient Air Quality Standard in its official comments submitted to the agency last week.
The Hillshire Brands Company today presented at the Barclays Back-to-School Consumer Conference in Boston, MA and provided an overview of the company’s three-year strategic plan for generating profitable growth. Hillshire Brands’ key strategic priorities center on strengthening the company’s core brands, expanding into adjacencies and augmenting the strength of its portfolio through selective acquisitions.