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Food Year in Review: 2014 — A Year of Battle Lines Drawn Over Dinner

December 18, 2014 2:00 pm | by J.M. HIRSCH, AP Food Editor | News | Comments

If there was any theme to the food world in 2014, it was the prevalence of polarizing issues. Whether we were tussling over genetically modified organisms, or debating how healthy is too healthy for school lunches, or scolding one another for our gluten choices, this year our collective culinary consciousness seemed mired in disputes.

Saputo to Sell Canada's Largest Producer of Snack Cakes to Canada Bread

December 18, 2014 12:30 pm | by The Canadian Press | News | Comments

Canada Bread Co. has agreed to pay $120 million in cash to buy Saputo Inc.'s bakery division,...

General Mills Tops Second Quarter Profit Forecasts

December 17, 2014 2:15 pm | by Associated Press | News | Comments

The maker of Cheerios cereal, Yoplait yogurt and other packaged foods posted revenue of $4.71...

US Consumer Prices Fell 0.3 Percent in November

December 17, 2014 2:00 pm | by JOSH BOAK, Associated Press | News | Comments

Core inflation, which excludes volatile energy and food prices, rose 0.1 percent in November....

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Michigan Approves Grants for Pork Processing Plant

December 17, 2014 10:00 am | by Associated Press | News | Comments

The Michigan Strategic Fund has approved $12.5 million in grants to support the construction of a 550,000-square-foot pork processing facility. The Clemens Food Group operation will be in Coldwater Township. It is expected to create more than 800 jobs and $255 million in total investments.

VIDEO: Starbucks Brews Up Delivery, But Not For Free

December 17, 2014 9:45 am | by CNN Money | Videos | Comments

Starbucks CEO Howard Schultz says that the company's upcoming delivery service will be profitable because 'people will pay an additional surcharge for delivery.'                         

Coca-Cola Outlook Falls Short as Consumers Shy Away From Soda

December 17, 2014 9:00 am | by Associated Press | News | Comments

Coca-Cola said that it expects earnings growth in 2015 in line with this year's gain, which is short of the company's target. The Atlanta-based company has been struggling with declining soda consumption in the U.S. and other parts of the world.

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Ohsho Food Eyes Expansion Into the US

December 17, 2014 8:35 am | by Kyodo News International, Tokyo | News | Comments

Ohsho Food Service Corp., which runs the "Gyoza no Ohsho" dumpling restaurant chain in Japan, plans to expand into the United States in three years after withdrawing from China.                 

Infographic: New Opportunities Emerge as Weight Wellness Hits Tipping Point

December 16, 2014 1:15 pm | by New Nutrition Business | News | Comments

The weight wellness market is at a tipping point, and in 2015 big name brands like Weight Watchers will continue to see sales plunge. Even Special K, the world's biggest food company for weight management, has experienced a sudden 10 percent drop in sales.

CEO of Bob Evans Farms Steps Down

December 16, 2014 11:20 am | by Associated Press | News | Comments

The CEO of Bob Evans Farms Inc. is stepping down by mutual agreement after more than eight years in the post as the restaurant operator works on improving its performance. Steve Davis is also giving up his position as a board member.  

VIDEO: Is Organic Here to Stay?

December 16, 2014 9:40 am | by The Lempert Report | Videos | Comments

Shoppers may love their favorite organic food and beverage brands, but this love may quickly dissolve if their go-to brand is scooped up by a major non-organic corporation. Recent data indicates the potential for major financial implications for the acquiring companies.

VIDEO: Tasting the World's Most Expensive Mulled Wine

December 15, 2014 10:25 am | by Bloomberg News | Videos | Comments

Mulled wine is a staple of the festive period for many, but not may will be able to afford this Cinnamoney Spiced Wine. The world's most expensive mulled wine will set you back $75 per glass. The drink includes familiar mulling spices such as cloves, bay leaves and cinnamon sticks.

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Cheaper Food Costs Help Lower US Producer Prices

December 12, 2014 1:50 pm | by CHRISTOPHER S. RUGABER, AP Economics Writer | News | Comments

The Labor Department said Friday that the producer price index fell 0.2 percent in November, after rising by the same amount in October. In the past 12 months, producer prices have risen just 1.4 percent, the smallest yearly increase since February.

Sale of Oregon Craft Brewery Provokes Backlash Among Fans

December 11, 2014 9:45 am | by JEFF BARNARD, Associated Press | News | Comments

What did the brewers do to provoke such a backlash? Change the hops or yeast? Abandon a favorite ale recipe? No, the furor erupted after 10 Barrel Brewing announced last month that it was being bought by the world's largest brewer, Anheuser-Busch InBev.

Anheuser-Busch Shifts Jobs From St. Louis

December 11, 2014 8:00 am | by Associated Press | News | Comments

One of St. Louis' most prominent corporations plans to shift an undetermined number of jobs to New York as part of a restructuring of its sales and marketing operations. Anheuser-Busch will move some top executives to a U.S. commercial strategy office in New  York.

Food Service Firms Admit to Cheating US Military

December 10, 2014 8:40 am | by Associated Press | News | Comments

Several foreign companies have pleaded guilty to fraud and conspiracy for overcharging the U.S. military in connection with a contract to provide food and water to troops in Afghanistan. Documents say the privately held firms fraudulently inflated the price of fresh fruits and vegetables.

Large UK Pub Chain, Heineken Clash Over Beer Cost

December 10, 2014 8:15 am | by SHAWN POGATCHNIK, Associated Press | News | Comments

One of the United Kingdom's biggest pub chains has dropped Heineken products from its 926 properties in a confrontation over the Dutch brewer's demand to sell products at higher prices in the Republic of Ireland.          

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Produce Company to Open $52M Atlanta Facility

December 9, 2014 8:00 am | by Associated Press | News | Comments

The Castellini Group is investing $52 million in a new produce processing and distribution center in metro Atlanta and will create 300 new jobs over the next several years. The facility will be built in Conley, about 10 miles south of downtown Atlanta.

Machine Harvesting May Increase Apple Supply For Hard Cider Market

December 8, 2014 12:50 pm | by American Society for Horticultural Science | News | Comments

Cider, or "hard cider" as it is typically known in the United States, is experiencing a real revival. The fermented apple juice is the fastest growing alcohol market segment in the U.S., boasting a 54 percent increase in production annually from 2007 to 2012. 

McDonald's Serves Up Weak US Sales

December 8, 2014 9:20 am | by Associated Press | News | Comments

The world's largest hamburger chain said the drop in global sales at locations open at least 13 months included a 4.6 percent decline in the U.S., and a 4 percent decline for the unit that includes the Asia-Pacific region, the Middle East and Africa.

Alcohol Sales to Show Modest Growth in 2015

December 8, 2014 8:45 am | by Technomic | News | Comments

In looking at specific adult beverage categories in on-premise channels, Technomic finds the largest category — beer — challenged in terms of volume. BarTAB Report outlines sales growth of 2.3 percent for beer in 2015.      

Cargill Will Pay $6.1M to Settle Truvia False Ad Suit

December 5, 2014 1:30 pm | by Associated Press | News | Comments

The maker of Truvia Natural Sweetener will pay $6.1 million to settle a class-action lawsuit initiated by a Hawaii woman. Kailua-Kona resident Denise Howerton's lawsuit said Cargill made misleading statements about Truvia being a natural sweetener.

Burger King, Tim Hortons to Close Deal Next Week

December 5, 2014 10:00 am | by Associated Press | News | Comments

Burger King and Canadian doughnut shop chain Tim Hortons expect to complete their $11 billion tie-up on Dec. 12, following a shareholder vote early next week. The combined company will have its headquarters in Canada.     

Hershey to Buy Canadian Candy Maker For $28M

December 5, 2014 8:20 am | News | Comments

Hershey is expanding its business into Canada with a $28 million purchase of Allan Candy Co., the company behind Hot Lips candies. Hershey said that its Canadian unit would buy Allan in order to increase manufacturing capacity for sweets and refreshments.

Analyst: Beef Prices Expected to Rise in 2015

December 5, 2014 8:00 am | by ROXANA HEGEMAN, Associated Press | News | Comments

Consumers will likely see a modest uptick in beef prices at the grocery store next year, though most of the significant increases have already happened, a cattle market analyst said. Last year at this time, meatpackers were paying $130 a hundredweight for cattle.

USDA Awards OTA With $785K to Promote Organic Products

December 4, 2014 1:00 pm | by Organic Trade Association | News | Comments

Demand for organic in the United States has been booming, with organic sales in 2013 hitting a record $35.1 billion. Demand for organic around the world has been exploding as well, and U.S. organic exports in 2013 reached a new high of $537 million.

BeBevCo Signs License Agreement For KOMA Unwind Relaxation Drink

December 4, 2014 12:40 pm | by Bebida Beverage Company | News | Comments

Bebida Beverage Company, a developer, manufacturer and marketer of relaxation and energy drinks is pleased to announce it has signed a long term license agreement with Sparkling Drink Systems International (SDS), the Global Beverage Solution Provider.

Warehouse Fire Won't Keep Fannie May From Making Chocolate

December 4, 2014 10:16 am | by Fannie May Fine Chocolates | News | Comments

On Thanksgiving Day, a fire destroyed the Fannie May Fine Chocolates warehouse and distribution facility in Maple Heights, Ohio. The company has been working around the clock to produce more of its iconic chocolates at its state-of-the-art production facility.

Brown-Forman Reports Slightly Higher Net Income

December 3, 2014 11:30 am | by BRUCE SCHREINER, Associated Press | News | Comments

Spirits maker Brown-Forman Corp. said Wednesday its second-quarter net income rose slightly because of sales growth for its flagship Jack Daniel's brand along with its tequilas and pricier premium whiskeys, offsetting declines for some of its other staples.

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