A new report from the Manufacturers Alliance for Productivity and Innovation anticipates modest economic growth in 2015, in large part due to the impact of lower gas prices on consumer spending.
Falling oil prices in recent months dramatically reduced prices at the gas pump, which in turn...
Food and beverage giant PepsiCo is preparing a big push into India's burgeoning e-commerce...
European Union authorities recently announced an investigation of a proposed deal between...
The company, whose brands also include V8 juice, Pepperidge Farm cookies and Prego pasta sauce, has been struggling as American's change tastes and shift away from processed foods and preservatives.
The biggest obstacle for Coca-Cola and Pepsi these days isn't tied to taste tests, the declining popularity of sugary drinks or even their century-long rivalry. It's the surging U.S. dollar.
The dispute and resulting slowdowns have cost the meat, poultry, hide, skin and leather industries an estimated $85 million a week. While the deal between the two sides is a crucial step to ending this slowdown, the impact will continue to be felt.
Spice seller McCormick & Co. is adding some Italian flavor to its lineup by paying up to $97 million for the more than century-old Drogheria & Alimentari.
Antitrust regulators are challenging the $3.5 billion sale of US Foods to Sysco, saying the deal would hurt customers by reducing competition between food supply companies. Sysco Corp. agreed to buy US Foods in December 2013, saying they would create a company with $65 billion in annual revenue.
The purchase of the facility, closed by its previous owners in December 2014, will help Butterball continue to meet growing consumer demand for a variety of Butterball turkey products.
Nestle S.A. says net profit rose 44 percent last year. But annual sales fell in Swiss franc terms due to hesitant consumers in Europe and shifting exchange rates.
A Colorado bill to spend about $5 million to put more local produce in school cafeterias passed its first test Wednesday at the Legislature. But the measure passed by a single vote after complaints that it takes money from classroom instruction.
The Barefoot Contessa says in a lawsuit that a California company sold unauthorized look-alikes of her frozen dinners. The host of the Food Network's "Barefoot Contessa" cooking show filed the suit after she says the company declined to stop the sales.
Golden State Foods Corp., headquartered in Irvine, California, is planning to build a meat processing facility at a cost of between $40 million and $45 million.
Gildan Activewear Inc.'s chief financial officer, James Kehoe, has resigned after about a month with the clothing company in order to take the same position at his former employer, Kraft Foods Group Inc. Kehoe, who also served as executive vice president and chief administrative officer at Gildan, had joined the company in January.
Burger King and Tim Hortons parent company Restaurant Brands International reported a loss for its fourth quarter, dragged down by costs related to the deal to combine the two chains.
Mondelez International on Monday announced the acquisition of Enjoy Life Foods, a private U.S. snacking company and the market-leading brand in the fast-growing "free from" segment. Enjoy Life offers more than 40 great-tasting products, including cookies, chocolate, snack bars, and savory snacks that are allergy-friendly and gluten-free
A former employee of the J.M. Smucker Co. in northeast Ohio has been sentenced to nearly five years in federal prison for stealing $4 million from the company over a 16-year-period. The employee was accused of creating a fraudulent billing scheme that led him to submit false invoices for parts and services for which he would receive payment.
J.M. Smucker Co. posted mixed results for its third-quarter as it dealt with softening coffee demand. The food maker posted a profit of $160.9 million, or $1.58 per share, for the period ended Jan. 31.
Busy life schedule is influencing consumers to shift their dietary preferences towards ready-to-eat food products. Hence, frozen foods have become an important part of the modern diet. Freezing or refrigeration allows consumers to have access to foods which were either unavailable or available only during a particular season.
Public health scientists and a government committee working on nutritional advice receive funding from the very companies whose products are widely held to be responsible for the obesity crisis, BMJ reports. The findings raise important questions about the potential for bias and conflict of interest among public health experts as the UK faces a growing obesity epidemic.
The Hershey Co. currently dominates the licorice market with a more than two-thirds share, mainly from Twizzlers. But according to NBC News, Nestle wants to take a bite out of the $300 million licorice market with its new SweeTARTS Soft & Chewy Ropes.
Manufacturing companies attempting to develop new or improved products, processes, or software are eligible for federal and state R&D tax credits. These credits can equal up to 15 percent or more of qualified spending costs, i.e., taxable wages, supply expenses, and a percentage of contract research expenses related to research.
Kellogg Co. reported a fourth-quarter loss of $293 million, after reporting a profit in the same period a year earlier. The Michigan-based company said it had a loss of 82 cents on a per-share basis.
Stronger sales of Frito-Lay snacks helped PepsiCo deliver a quarterly profit that came in above Wall Street expectations on Wednesday. During the period, PepsiCo said revenue for its Frito-Lay North America division rose 3.5 percent, boosted by a mix of stronger volume and higher prices.
Molson Coors Brewing Co. reported fourth-quarter earnings that fell short of Wall Street's forecasts. Its worldwide beer volume fell 0.3 percent. Molson Coors said a spate of issues including stronger U.S. currency will leave it with less free cash in 2015.
Consumer advocates warn that the deal merging the top two broadline foodservice distributors — the only two with national industry footprints and national customers — would eliminate a significant competitor from the broadline industry and also reduce competition.
The world's biggest beverage maker is struggling to boost global sales volume amid economic volatility overseas and a shift away from soda back at home. To make up for weak volume gains, it's using a variety of tactics, including a focus on smaller bottles.
For the three months ending on Dec. 31, Dean Foods Co. earned $5.3 million, or 6 cents per share. That compares with a loss of $37.7 million, or 40 cents per share, a year earlier. The results fell short of Wall Street expectations.
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