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.
Nearly half of all Americans won't be buying...
U.S. consumer spending fell in September, the...
AB InBev SA, the world's largest beer maker, has...
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.
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.
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.
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.
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.
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.
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.
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.
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.
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 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.
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 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.
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 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.
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.
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.
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 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.
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.
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?
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.
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 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.
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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