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In Quake, Wine Barrels Became Quarter-Ton Projectiles

September 2, 2014 2:22 pm | by ELLEN KNICKMEYER, Associated Press | News | Comments

In winery after winery, oak wine barrels stacked high and weighing more than a quarter-ton each came cascading down, renewing worries about a lightly regulated threat to safety in fault-riddled wine country.            

Beer Gardens Helping Milwaukee County Budget

September 2, 2014 12:00 pm | by CARRIE ANTLFINGER, Associated Press | News | Comments

Beer gardens weren't terribly hard for people to...

Colorado Town OKs Bud Light 'Whatever' Promotion

September 2, 2014 11:25 am | by The Denver Post, Denver, Colorado | News | Comments

Some residents of Crested Butte, Colorado are upset after local officials gave the go-ahead to...

ADM Selling Chocolate Business to Cargill

September 2, 2014 10:36 am | by Cargill | News | Comments

Archer Daniels Midland Co. is selling its global chocolate business to Cargill for $440 million...

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US Current Leader in Wine Segment

August 29, 2014 12:00 pm | by Investorideas.com | News | Comments

According to recent research from Smart Research, the US is the market leader in the wine segment but China is projected to take the leading position by 2016-17.                     

Teamsters Warn of Antitrust Obstacles to Sysco, US Foods Merger

August 29, 2014 8:45 am | by International Brotherhood of Teamsters | News | Comments

The International Brotherhood of Teamsters warned industry analysts and investors about possible antitrust obstacles connected to the proposed merger of Sysco and US Foods. The merger is currently under antitrust review by the Federal Trade Commission.

10 Things to Know About 'Corporate Inversions'

August 27, 2014 12:45 pm | by STEPHEN OHLEMACHER, Associated Press | News | Comments

The merging of Tim Hortons with Burger King is drawing a lot of flak over plans to shift its legal address to a foreign country. The transaction is called a corporate inversion, a maneuver that is becoming popular among companies lokoing to lower their tax bills.

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Jack Daniel's Drinks its Way to Higher Results

August 27, 2014 11:30 am | by BRUCE SCHREINER, Associated Press | News | Comments

Spirits maker Brown-Forman Corp. said its first-quarter net income rose 5 percent thanks to its flagship brand, Jack Daniel's. While other brands, such as Southern Comfort and Finlandia, experienced slowed performance, the Jack Daniel's brand grew.

Hard to Swallow? Burger King May Move to Canada

August 26, 2014 9:00 am | by CANDICE CHOI, MICHELLE CHAPMAN, Associated Press | News | Comments

Customers are voicing their discontent with the 60-year-old hamburger chain because of its plans to relocate its headquarters from Miami to Canada in a deal that could lower its taxes. Burger King's Facebook page was littered with negative comments about the potential deal.

Whisky's Worries Mirror Economic Fears in Scotland

August 25, 2014 2:34 pm | by MARTIN BENEDYK, DANICA KIRKA, Associated Press | News | Comments

Whisky makers are worried about the risks involved in finding themselves overnight in a new country with, among other things, a different currency. Nine out of 10 bottles of Scotch are sold overseas for a value of 4.3 billion pounds ($7.1 billion) a year.

Diageo Breaks Ground on $115M Kentucky Distillery

August 22, 2014 8:00 am | by Diageo | News | Comments

Diageo broke ground on its new Kentucky distillery, which has officially been named "The Bulleit Distilling Co." The company aims to have the distillery operational in late 2016.                   

US Foods Worker Indicted on Embezzlement Charges

August 21, 2014 9:29 am | by Associated Press | News | Comments

A 43-year-old worker for U.S. Foods Inc. has been indicted on charges of embezzling more than $400,000. Cesar Raphael Barretto was indicted on nine counts of wire fraud. Barretto worked for the company helping customers place orders.   

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Heineken Sales Drop Due to Strong Euro

August 20, 2014 9:13 am | by Associated Press | News | Comments

Heineken NV reported its first half earnings with a small drop in both revenue and profits. Sales were down 1.4 percent to 1.2 billion euros, which Heineken, the largest brewer by sales in Europe, said was due to the strong euro.                 

Cianci Sauce Made No Money for Charity in 4 Years

August 19, 2014 2:30 pm | by MICHELLE R. SMITH, Associated Press | News | Comments

Former Providence, Rhode Island Mayor Buddy Cianci's face beams from the label of his Mayor's Own Marinara Sauce, which also promises that sales are "Benefiting Providence School Children" and have helped hundreds of students attend college. But in recent years, no money from the sauce's sales has been donated to Cianci's charity scholarship fund, The Associated Press has learned.

Food Costs, Consumer Prices Up Slightly in July

August 19, 2014 11:04 am | by MARTIN CRUTSINGER, AP Economics Writer | News | Comments

For July, the 0.4 percent rise in food costs was the fifth increase of that size or higher in the last six months. Food prices have been pushed higher by adverse weather conditions including a severe drought in California.        

KeHE Completes Acquisition of Nature's Best

August 18, 2014 2:55 pm | by PR Newswire | News | Comments

Already the largest distributor of specialty food products and the second-largest distributor of natural food products in North America, KeHE will now employ over 4,000 employees, operate 14 warehouses, distribute to over 35,000 store doors weekly and export to 32 countries.

Governors Step Into Supermarket Feud Fray

August 18, 2014 2:15 pm | by Associated Press | News | Comments

Massachusetts Gov. Deval Patrick and New Hampshire Gov. Maggie Hassan participated in negotiations Sunday with the owners of the Market Basket chain — feuding cousins Arthur T. Demoulas and Arthur S. Demoulas — as well as several other shareholders.

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Coca-Cola Bets on Energy Drinks With Monster Stake

August 15, 2014 8:57 am | by Associated Press | News | Comments

Coca-Cola is buying a heavy stake in Monster Beverage for $2.15 billion, hoping to benefit from the surging popularity of energy drinks. The deal is the latest move by Coca-Cola to look beyond its own portfolio of Sprite, Dasani, Powerade and other drinks for growth. 

US Producer Prices Rise Only 0.1 Percent in July

August 15, 2014 8:20 am | by CHRISTOPHER S. RUGABER, AP Economics Writer | News | Comments

The Labor Department says the producer price index rose 0.1 percent in July, following a 0.4 percent gain in June. The cost of vegetables, among other goods, fell. In the past year, producer prices have risen just 1.7 percent, slightly below the Federal Reserve's target.

Constellation Buys Casa Noble Tequila

August 13, 2014 12:00 pm | by Associated Press | News | Comments

With stars like Justin Timberlake, P Diddy and George Clooney all launching their own brands, tequila sales are rising. Constellation Brands is closing a deal next month to buy Casa Noble tequila. Casa Noble tequilas include Casa Noble Crystal, Reposado and Añejo.

Penn. Liquor Board Urged to Boost Markup on Wine, Liquor Prices

August 13, 2014 8:45 am | by PETER JACKSON, Associated Press | News | Comments

PLCB's finance director proposed that the markup be raised from 30 percent to 35 percent. The issue of the markup rate comes amid a high-profile legislative stalemate over the future of Pennsylvania's state-controlled liquor system.    

The $2B Lawsuit Against PepsiCo, Pinnacle Foods and Quaker Oats

August 12, 2014 2:08 pm | by Jon Minnick, Associate Editor, Manufacturing Business Technology | Blogs | Comments

Two great-grandsons of the woman who once served as the face of Aunt Jemima filed a class action lawsuit against Quaker Oats and its parent company, PepsiCo, for exploiting Anna Short Harrington and not paying royalties to her estate.     

Dean Foods Slumps as Raw Milk Prices Climb

August 11, 2014 1:00 pm | by Associated Press | News | Comments

The largest milk processor in the U.S., whose brands include Mayfield, Oak Farms and Tuscan, said it is facing its toughest business environment ever. The company said it took a loss in the second quarter as raw milk prices grew 31 percent compared to last year.

Northwest Consumers Spend More Freely on Groceries

August 8, 2014 11:35 am | by PHUONG LE, Associated Press | News | Comments

Since the Great Recession ended in 2009, consumers in Washington and Oregon are shelling out more for groceries. The proportion of what Oregonians spend on food costs, about 9.5 percent, ranks third in the nation, behind Hawaii and Nevada.

J.M. Smucker Co. to Acquire Nut, Fruit Snacks Brand

August 7, 2014 12:29 pm | by The J. M. Smucker Company | News | Comments

The J.M. Smucker Company, popular for its Folgers, Pillsbury and Smuckers brands, has agreed to acquire Sahale Snacks, a Seattle-based company. Sahale is a manufacturer of branded nut and fruit snacks, which are primarily sold in the United States.

Nestle Profit Falls on Stronger Swiss Franc

August 7, 2014 12:11 pm | by DAVID McHUGH, AP Business Writer | News | Comments

Nestle SA, maker of the Haagen-Dazs brand, experienced decreased sales in the first half of the year as a stronger Swiss Franc weighed on the bottom line. A stronger franc shrinks earnings in dollars and other currencies when those earnings are restated in francs.

Oreo-Maker Mondelez Says Price Hikes Scared Off Customers

August 6, 2014 12:00 pm | by Associated Press | News | Comments

The maker of Oreo, Cadbury and Trident reported lower sales in its second quarter due to price increases on its products. Mondelez CEO Irene Rosenfeld said the company expected its pricing actions to hurt sales, but didn't expect such a big impact. 

US Pork Weighs in on Important Trade Matters

August 6, 2014 9:49 am | by National Pork Producers Council | News | Comments

The National Pork Producers Council insists that U.S. trade negotiators get from Japan a deal on pork similar to the one the United States got from South Korea and is urging lawmakers to exclude South Africa from a U.S. preferential trade measure.

Molson Coors 2Q Profit Climbs on Europe Strength

August 6, 2014 9:17 am | by Associated Press | News | Comments

Molson Coors Brewing Co., based in Denver and Montreal, experienced a 9 percent rise in its second-quarter profits as better pricing offset a decline in the volume of beer globally. In Europe, net sales per hectoliter climbed 1.9 percent from increased sales in the U.K.

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