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Va. Distilleries Ask Gov. to Nix Booze Price Hike

October 31, 2014 3:58 pm | by MICHAEL FELBERBAUM, AP Business Writer | News | Comments

Earlier this month, McAuliffe directed the Department of Alcoholic Beverage Control to increase liquor prices as part of a move to close a $2.4 billion budget gap, garnering concerns from consumers and industry alike.     

Infographic: American Spending Trends on Halloween

October 31, 2014 2:57 pm | by Shift Communications | News | Comments

Nearly half of all Americans won't be buying...

US Consumer Spending Weakest Since January Decline

October 31, 2014 9:49 am | by MARTIN CRUTSINGER, AP Economics Writer | News | Comments

U.S. consumer spending fell in September, the...

AB InBev Profits Up 5.5 Percent in 3rd Quarter Despite Weak Volumes

October 31, 2014 9:45 am | by Associated Press | News | Comments

AB InBev SA, the world's largest beer maker, has...

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Organic Frozen Food Maker to Open Idaho Facility

October 30, 2014 2:12 pm | by Associated Press | News | Comments

The company is buying the former H.J. Heinz Co. plant that closed in June, eliminating 400 jobs. The organic frozen food company plans to hire 200 workers in December and could hire up to 1,000 workers within a few years.       

Small Business Divided Over Minimum Wage Votes

October 30, 2014 1:23 pm | by Joyce Rosenberg, The Associated Press | News | Comments

Some small business owners say raising the minimum wage will pressure their companies, forcing them to cut employees' hours or jobs. Others say it's the right thing to do for workers and the economy.              

Not So Sweet: Chocolate Prices Are Set to Rise

October 30, 2014 1:08 pm | by STEVE ROTHWELL, AP Business Writer | News | Comments

The cost of ingredients in chocolate bars is rising, and the nation's biggest candy makers have already warned of price hikes next year. And it's not just costs that are pushing up prices. A growing sweet tooth around the world means more demand for chocolate.

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Changing Tastes: Kellogg's Cereal Sales Fall Again

October 30, 2014 11:06 am | by Associated Press | News | Comments

The company, based in Battle Creek, Michigan, is contending with growing competition in the breakfast category, with people turning to alternatives such as Greek yogurt or breakfast sandwiches from fast-food chains.         

Is Ebola Affecting Cocoa Production? Experts Say 'No'

October 29, 2014 1:23 pm | by Food Nutrition & Science | News | Comments

West Africa is the world's largest producer of cocoa beans with an estimated 73 percent of the world's beans coming from the area, according to the International Cocoa Association. To date, the disease has not affected cocoa production.   

VIDEO: Variety is Key in Halloween Candy Sales

October 29, 2014 1:12 pm | by New York Times | Videos | Comments

Chocolate sales and prices are rising, and the variety pack may have the biggest impact this Halloween. News flash: chocolate candy sales for last holiday were up 12 percent and chocolate-makers have many ways to keep us wanting more.   

Why Your Manufacturing Facility is Worth More Than You Think

October 29, 2014 12:33 pm | by Scott W. Sims, Senior Vice President, Allegiance Capital Corporation | Articles | Comments

For several years now, the prevailing position of manufacturing executives was to strategically locate plants across mainland China. “Offshoring,” as it was aptly labeled, was originally driven by China’s competitive advantage relative to the U.S.

Economy 101: 5 Things to know About US Growth

October 29, 2014 10:04 am | by Christopher Rugaber, The Associated Press | News | Comments

Is the U.S. economy accelerating — finally? If it is, which sorts of Americans stand to benefit most? And why is it doing better than other major economies? Such are the questions surrounding a report coming Thursday on economic expansion in the July-September quarter. 

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Bar Sues Florida For Restricting Beer Sales

October 29, 2014 9:53 am | by Associated Press | News | Comments

A Florida craft beer bar is suing the state over its ban on half-gallon, refillable beer jugs known as growlers. The bar, Crafted Keg, said the state law is hurting its beer sales and called the ban illogical.           

VIDEO: Why Campbell Soup Didn't Desert Camden, NJ

October 29, 2014 9:44 am | by CNN Money | Videos | Comments

The Campbell Soup Company has been headquartered in Camden, New Jersey for 145 years. CEO Denise Morrison says the investment in the community can be a 'model' for other cities and 'good for America.'             

Hershey's 3rd-Quarter Results Mixed

October 29, 2014 9:37 am | by Associated Press | News | Comments

Hershey's third-quarter net income fell 4 percent as costs rose. The chocolate bar and candy maker's adjusted profit missed analysts' expectations, while revenue met Wall Street's view.                

US Dairy Industry Calls For Replacement of Japan's Import System

October 29, 2014 9:23 am | by International Dairy Foods Association | News | Comments

Japan's Agriculture and Livestock Industries Corporation is the state-trading enterprise that administers the country's manufacturing milk quotas and imports of dairy products under tariff rate quotas. IDFA believes that ALIC operates in a trade-distorting and inconsistent manner.

Nigeria Sues Coca-Cola For Half-Filled Cans

October 28, 2014 3:00 pm | by MICHELLE FAUL, Associated Press | News | Comments

Nigeria filed a suit Monday against Coca-Cola for allegedly refusing to comply with orders from the Consumer Protection Council over two half-empty cans of evaporating Sprite.                    

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Restaurant Industry Calls For Transparency in Canadian Chicken Prices

October 28, 2014 12:45 pm | by Restaurants Canada | News | Comments

Canada's restaurant industry purchases approximately $2.2 billion a year in Canadian chicken.  It is a popular menu item at many of our members' restaurants, and Restaurants Canada has long said it would like to be a full partner in promoting the growth and further development of the chicken industry.

Chiquita Accepts $681M Deal With Brazilian Bidders

October 27, 2014 2:19 pm | by Associated Press | News | Comments

Chiquita Brands International Inc. has agreed to sell itself to two Brazilian companies for approximately $681 million. The deal comes just days after the fresh produce company's shareholders rejected plans to merge with Irish fruit importer Fyffes.

Strategic Growth: Should You Retrofit or Build a New Facility?

October 24, 2014 12:34 pm | by Michael Smith, Director of Project Development, Stellar | Blogs | Comments

The question of whether to renovate an existing facility or build a new plant is becoming more complex as processors balance their equipment and production needs with meeting food safety requirements.              

Infographic: Restaurant Industry's Equation For Career Success

October 24, 2014 10:00 am | by National Restaurant Association | News | Comments

This infographic shows that multiple career pathways, competitive salaries and consistent pay raises pave the way for career advancement within the restaurant industry. More than 91 percent of restaurant employees said they have advanced to a higher-paying job in the industry.

VIDEO: The Rare $300 Macallan Whiskey

October 24, 2014 8:00 am | by Bloomberg News | Videos | Comments

Paul Ross, president and CEO of Edrington Americas, discusses Macallan's new $300-a-bottle whiskey with Bloomberg's Pimm Fox on "Taking Stock." Edrington Americas is the distributor of Macallan.               

Brazilian Companies Raise Chiquita Offer

October 23, 2014 2:32 pm | by Associated Press | News | Comments

Brazilian companies Cutrale and Safra said they are again raising their bid for banana producer Chiquita, to $681 million — a day before Chiquita shareholders are expected to vote on a combination with Irish fruit importer Fyffes.     

VIDEO: Big Chocolate Goes Small on Ebola Donations

October 23, 2014 2:23 pm | by CNN Money | Videos | Comments

The chocolate industry gets 70 percent of its cocoa supply from West Africa — the region hardest hit by the Ebola virus. But Nestle, Mars and other major producers only scraped together $600,000 to fight the disease.         

VIDEO: Holy Guacamole! Chipotle Stumbles

October 23, 2014 11:45 am | by CNN Money | Videos | Comments

Chipotle's stock had been hotter than a Serrano pepper. But investors aren't happy about slowing growth. Is Qdoba, the burrito chain owned by Jack in the Box, stealing customers?                    

Can a New Marketing Chief Put the Fizz Back Into Coke Sales?

October 23, 2014 11:09 am | by Associated Press | News | Comments

Coca-Cola is naming a new chief marketing officer as the world's biggest soda maker works to boost flat soda sales. The Atlanta-based company says Marcos De Quinto, a company veteran, will replace Joe Tripodi starting Jan. 1.     

Pet Food Sales to Reach $33B in 2018 as Consumers Spend More For Health

October 23, 2014 11:05 am | by Packaged Facts | News | Comments

Driven by increased focus on pet health and the powerful role in pet owner lives of the human-animal bond, U.S. sales of pet food will rise 16 percent between 2015-2018 to reach $33 billion.               

Coca-Cola Tops 3Q Earnings Expectations

October 23, 2014 9:42 am | by Associated Press | News | Comments

Coca-Cola Enterprises reported third-quarter net income of $238 million. The seller of Coca-Cola drinks in Europe posted revenue of $2.14 billion in the period, missing Street forecasts.                  

Food Giants Funding State Ballot Initiatives

October 23, 2014 9:34 am | by PHILIP ELLIOTT, Associated Press | News | Comments

The millions of dollars paying for ads on ballot measures to be considered next month come from large companies and national advocacy groups. Food industry giants Monsanto, the J.M. Smucker Co., Coca-Cola and Pepsi are spending $3 million opposing an Oregon ballot measure that would require vendors to label genetically modified foods.

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