Diddy has already had a huge success in the vodka world and now is dipping into tequila. Like many celebrities, Diddy has now entered the tequila world by partnering with Diageo and purchasing the luxurious DeLeon brand.
A former McDonald's worker acquitted of charges...
Yum Brands, which owns KFC, Pizza Hut and Taco Bell, said that its board approved a $1 billion...
The price for putting Thanksgiving dinner on the table for 10 people is expected to rise slightly this year, clocking in at $49.41. That's 37 cents higher than in 2013. For that, you can blame dairy products, coffee and marshmallow-topped sweet potato casserole.
The Orlando, Florida-based company behind the Olive Garden and LongHorn Steakhouse chains said it is eliminating 85 jobs, which includes 60 existing positions and 25 open spots. The changes affect its marketing, development, aviation, external affairs and field operations departments.
Rachel and Ryan of BuzzFeed craft a holiday feast using items found at fast-food restaurants. This Thanksgiving feast may not be the norm, but it's affordable and still quite tasty. The meal contains items like Potato Medley and a Green Bean and Onion Ring Casserole.
Virginians will pay at least 24 cents more on average for a bottle of booze starting Dec. 8 as a result of action taken by the board that oversees the state liquor monopoly. The increase is a part of a broader plan to plug the $2.4 billion gap in the budget.
Carlsberg, a Danish company, said that the two breweries combined would hold a market share of about 29 percent in Greece. Carlsberg already fully owns the Mythos Brewery, Greece's third-largest.
The Dairy Farmers of America, a cooperative owned by 13,000 dairy farmers, and a Chinese company say they are planning a $100 million plant in Kansas. The plant will produce up to 88,000 tons of milk powder a year.
The Springdale, Arkansas-based company acquired Hillshire Brands in August, which helped boost its sales of prepared foods. It also benefited from increased demand and higher prices for chicken during the quarter, as feed ingredient costs have fallen.
If your favorite bottle of Mediterranean olive oil starts costing more, blame unseasonable European weather. The shortfall could translate into higher shelf prices for some olive oils and is dealing another blow to southern Europe's bruised economies as they limp out of a protracted financial crisis.
A Minnesota businessman and his food company are facing three lawsuits over unpaid loans. Pioneer Bank has filed two lawsuits and John Bean Technologies, a food processing equipment maker, filed a third. Together they seek more than $6 million from Stephen Singleteary and Singleteary Food Solutions.
Supply from countries like Iceland and Norway, as well as Alaska, is steady enough that a lack of Gulf of Maine cod is unlikely to affect prices overall. But customers who prefer locally caught fish will probably soon have to pay more at markets and restaurants.
Pinnacle Foods Inc., maker of Birds Eye frozen brands, announced that it has entered into a definitive agreement to acquire Canada-based Garden Protein International Inc., the rapidly-growing manufacturer of the plant-based protein brand gardein.
Investigators for the Alcoholic Beverages Control Commission have issued subpoenas to several breweries, distributors and retailers for records to determine whether they are paying for, or demanding payments for, access to taps and shelf space.
Coffee drinkers hold on to your wallets! The worst drought in 80 years has hit Brazil, the world's biggest producer and exporter of coffee, and prices have surged to their highest levels in two years.
Economic development officials in Jackson, Tennessee have approved tax incentives for a Kellogg's facility planned in the West Tennessee city. The company expects to employ 100 people when construction on the facility is completed.
Mondelez International, the world's pre-eminent maker of chocolate, biscuits, gum and candy, announced plans to invest $24 million to increase capacity of its state-of-the-art plant in Gebze, Turkey, to support growth in the company's global confectionery business.
J.M. Smucker, maker of Jif, Pillsbury and Hungry Jack, lowered its guidance for fiscal 2015 as customers recoiled from rising prices for its coffee brand, Folgers. Its preliminary second-quarter forecast also disappointed Wall Street and shares slid more than 3 percent.
Purdue University agricultural economist Corinne Alexander tracks food price trends and says wholesale prices of turkeys are expected to be 8 percent to 10 percent higher than last year.
Service and maintenance machine workers at Good Old Days Foods Inc. are being exposed to amputation and electric shock hazards due to a lack of machine guarding and lockout/tagout procedures. These violations, 14 in total, are being cited by OSHA along with a $47,600 penalty.
A California man who talked a small Missouri community into issuing $39 million in bonds for an artificial sweetener plant was sentenced Monday to seven years in prison for stealing more than $700,000 from the project, which never got off the ground.
Apple Pay, Google Wallet and a few other services use a wireless technology called near-field communication, or NFC. With Apple Pay, the phone unlocks automatically when you hold it near the NFC reader on the merchant's payment system.
Mondelez is buying an 80 percent stake in a Vietnamese snacks business for $370 million as it seeks to offset flagging U.S. sales in Asia. The deal is targeted to close in 2015's second quarter.
Unilever is suing a California company that uses the word "Mayo" in its sandwich spread name, saying that federal regulators and dictionaries define mayonnaise as a spread that contains eggs. The suit claims false advertising for labeling its egg-free product "Just Mayo."
Dean Foods Co. shares soared Monday after the dairy company reported a much smaller loss than expected for its third quarter and projected a profit for the fourth quarter and a smaller loss than expected for the full year.
When you're Jay Z, you don't just buy bottles of your favorite champagne. You buy the whole company. The Hip-Hop singer purchased the champagne company Armand de Brignac, whose bubbly is also referred to as 'Ace of Spades.'
PMMI's PACK gives BACK™ at PACK EXPO International and Pharma EXPO 2014 raised over $34,000 for K9s for Warriors, a charitable organization dedicated to providing service dogs to military veterans suffering from posttraumatic stress as a result of their service since 9/11.
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