Green Mountain Coffee's net income rose 3 percent in its most recent quarter as it sold more single-serve coffee packs and brewers. But its forecast for revenues in the current quarter was below what analysts had been expecting and the company's stock was down almost 7 percent in extended trading.
Investigations in Poland have found no evidence backing Irish claims that Poland was the source of horsemeat that ended up in Irish and British burgers. Jaroslaw Naze, deputy head of Poland's General Veterinary Inspectorate, said Ireland needed to hand over more documentary evidence, including of labels on the suspected meat supplies, so that Polish officials can complete their own investigation.
A police officer holds a golden Leibniz cookie in front of the Leibniz University in Hannover, Germany, Tuesday Feb. 5, 2013. It is still not clear if the cookie belongs to the Bahlsen House, which reported theft in January. Someone dressed as the Cookie Monster has sent blackmails regarding the stolen cookie sculpture.
3M Co. said on Wednesday that it has named Coca-Cola Co. Chairman and CEO Muhtar Kent to its board of directors, effective April 1. The appointment expands the company's board to 11 directors. Kent, 60, has been CEO of Coca-Cola since 2008, and he became chairman in 2009. Before that he was president and chief operating officer, and was president of Coca-Cola International.
A survey conducted jointly by J.P. Morgan and the Control System Integrators Association (CSIA) reached out to nearly 1,800 professionals worldwide in the automation and control industry. The results suggest more manufacturers will look to industry experts for help in managing risk and automating their industrial equipment. Among the markets driving the activity is the food and beverage industry.
Hain Celestial Group Inc.'s said Tuesday that fiscal second-quarter profit rose 58 percent on higher revenue driven by acquisitions in the United Kingdom and rising sales of its brands elsewhere. The maker of Celestial Seasonings tea and Earth's Best baby food raised its full-year earnings outlook, but cut its revenue outlook, after revenue came in short of analysts' expectations.
Thanks to Kansas State University research, part of a healthy diet can include a hamburger rich with omega-3 fatty acids. Jim Drouillard, professor of animal sciences and industry, developed a technique that enriches ground beef with omega-3 fatty acids — fatty acids that have been shown to reduce heart disease, cholesterol and high blood pressure.
Yum Brands expects to lose 25 cents per share at the close of it's first fiscal quarter. The decline is driven by a sharp drop in sales in China, after concerns about the quality of chicken supplied to KFC, a Yum subsidiary. The company's CEO told investors that negative media coverage lasted longer than expected.
A federal report says removing four hydroelectric dams on the Klamath River in Oregon and California and restoring ecosystems will produce a big increase in salmon harvests and boost farm revenues. The 400-page report was produced by federal scientists to help the secretary of Interior evaluate whether it is in the public interest to go ahead with the $1 billion project.
Due in large part to softer same-store sales and customer traffic levels, the National Restaurant Association's Restaurant Performance Index (RPI) declined in December. The RPI — a monthly composite index that tracks the health of and outlook for the U.S. restaurant industry — stood at 99.7 in December, down 0.2 percent from November.
Kellogg reported a fourth-quarter loss on a pension-related charge, but its underlying earnings rose as its recently acquired Pringles chips helped boost sales. The maker of Froot Loops, Eggo waffles and Pop Tarts said net sales for the period rose 18 percent to $3.56 billion.
In a study published online in the peer-reviewed journal BMC Public Health, Dr. Lenard Lesser and his colleagues suggest that the more outdoor advertisements promoting fast food and soft drinks there are in a given census tract, the higher the likelihood that the area's residents are overweight.
Gennady Onishchenko, Russia's top sanitation official, said a first round of talks between delegations from both countries was successful Monday, and that a Russian delegation will visit Georgia this month to discuss issues related to restarting the import of wine and mineral water. He said that could happen by this spring and that fruit imports may follow.
When KFC was hit by a controversy over its chicken suppliers in China late last year, parent company Yum Brands offered free drinks and ice cream to bring diners back. The company, based in Louisville, Ky., apparently didn't realize the severity of its problems; the promotion did little to assuage fears about its chicken and on Tuesday the company said it expects its earnings per share to decline 25 percent in the first quarter.
Opponents are pressing to delay enforcement of the city's novel plan to crack down on supersized, sugary drinks, saying businesses shouldn't have to spend millions of dollars to comply until a court rules on whether the measure is legal.
Russia on Monday, Feb. 4, 2013, held talks on whether to resume Georgian wine imports after a seven-year ban, the first tentative step toward repairing the ruptured ties between the two ex-Soviet neighbors. Russia banned the imports of Georgian wine, mineral water, fruits and vegetables in 2006 amid rising political tensions in the run-up to a 2008 war.
Though California's Prop 37, an initiative aimed at forcing food companies to label genetically modified organisms (GMO) in food, was handily defeated last November, GMO-labeling advocates have not given up hope. Environmental groups have turned their focus to Hawaii, urging lawmakers in the state to pass legislation requiring the labeling of foods containing GMOs.
Archer Daniels Midland's net income soared during the second quarter, unburdened by the same costs of restructuring the company that occurred during the same period last year. The company also more than doubled its operating profit for oilseeds on strong global demand.
Not only has overfishing of the Peruvian anchovy battered the industry that makes Peru far and away the world's No. 1 fish meal exporter, it has also raised alarm about food security in a nation that had long been accustomed to cheap, abundant seafood. The drop in the anchoveta population has over the years affected the food chain, as stocks of hundreds of bigger wild fish and marine animals that eat it have also thinned.
A federal judge on Monday denied a Northern California oyster farm's request to have its removal from Point Reyes National Seashore overturned, and ruled against allowing it to continue doing business in the park while its lawsuit is being heard in court.