A 43-year-old worker for U.S. Foods Inc. has been indicted on charges of embezzling more than $...
Heineken NV reported its first half earnings with a small drop in both revenue and profits....
For July, the 0.4 percent rise in food costs was the fifth increase of that size or higher in the last six months. Food prices have been pushed higher by adverse weather conditions including a severe drought in California.
Already the largest distributor of specialty food products and the second-largest distributor of natural food products in North America, KeHE will now employ over 4,000 employees, operate 14 warehouses, distribute to over 35,000 store doors weekly and export to 32 countries.
Massachusetts Gov. Deval Patrick and New Hampshire Gov. Maggie Hassan participated in negotiations Sunday with the owners of the Market Basket chain — feuding cousins Arthur T. Demoulas and Arthur S. Demoulas — as well as several other shareholders.
Coca-Cola is buying a heavy stake in Monster Beverage for $2.15 billion, hoping to benefit from the surging popularity of energy drinks. The deal is the latest move by Coca-Cola to look beyond its own portfolio of Sprite, Dasani, Powerade and other drinks for growth.
The Labor Department says the producer price index rose 0.1 percent in July, following a 0.4 percent gain in June. The cost of vegetables, among other goods, fell. In the past year, producer prices have risen just 1.7 percent, slightly below the Federal Reserve's target.
With stars like Justin Timberlake, P Diddy and George Clooney all launching their own brands, tequila sales are rising. Constellation Brands is closing a deal next month to buy Casa Noble tequila. Casa Noble tequilas include Casa Noble Crystal, Reposado and Añejo.
PLCB's finance director proposed that the markup be raised from 30 percent to 35 percent. The issue of the markup rate comes amid a high-profile legislative stalemate over the future of Pennsylvania's state-controlled liquor system.
Two great-grandsons of the woman who once served as the face of Aunt Jemima filed a class action lawsuit against Quaker Oats and its parent company, PepsiCo, for exploiting Anna Short Harrington and not paying royalties to her estate.
The largest milk processor in the U.S., whose brands include Mayfield, Oak Farms and Tuscan, said it is facing its toughest business environment ever. The company said it took a loss in the second quarter as raw milk prices grew 31 percent compared to last year.
Since the Great Recession ended in 2009, consumers in Washington and Oregon are shelling out more for groceries. The proportion of what Oregonians spend on food costs, about 9.5 percent, ranks third in the nation, behind Hawaii and Nevada.
The J.M. Smucker Company, popular for its Folgers, Pillsbury and Smuckers brands, has agreed to acquire Sahale Snacks, a Seattle-based company. Sahale is a manufacturer of branded nut and fruit snacks, which are primarily sold in the United States.
Nestle SA, maker of the Haagen-Dazs brand, experienced decreased sales in the first half of the year as a stronger Swiss Franc weighed on the bottom line. A stronger franc shrinks earnings in dollars and other currencies when those earnings are restated in francs.
The maker of Oreo, Cadbury and Trident reported lower sales in its second quarter due to price increases on its products. Mondelez CEO Irene Rosenfeld said the company expected its pricing actions to hurt sales, but didn't expect such a big impact.
The National Pork Producers Council insists that U.S. trade negotiators get from Japan a deal on pork similar to the one the United States got from South Korea and is urging lawmakers to exclude South Africa from a U.S. preferential trade measure.
Molson Coors Brewing Co., based in Denver and Montreal, experienced a 9 percent rise in its second-quarter profits as better pricing offset a decline in the volume of beer globally. In Europe, net sales per hectoliter climbed 1.9 percent from increased sales in the U.K.
Coca-Cola is among the U.S. companies to commit to a $14 billion investment in Africa's economy. During the panel discussion, former President Bill Clinton declared that the U.S. has "barely scratched the surface" of Africa's economic potential.
McDonald's sales are hurting from a scandal over a meat supplier in China late last month. The hamburger chain said there has been "significant negative impact" in China, Japan and other affected markets. These regions make up 10 percent of the chain's revenue.
The Federal Statistical Office said German beer sales rose by 4.4 percent in the first half of the year, gaining froth from the country's run to the soccer World Cup title. The increase comes amid a long-term downward trend in German beer sales.
AB InBev, known for its Budweiser brand, says its sales and earnings grew in the second quarter, with 7.2 percent growth in Brazil alone. The world's largest beer maker also says it sees an improving economic outlook in the United States.
Kraft Foods, popular for its Velveeta and Oreo brands, reported a 42 percent decline in its second quarter net income. The Northfield, Illinois-based company said its earnings fell to $482 million compared to $829 million in the same quarter last year.
A former official of a New Jersey-based vending company, 65-year-old Joseph Belasco of Cedar Grove, was sentenced to months in prison for his role in a scheme that defrauded the Pepsi Bottling Group of $2.9 million over a 10-year period.
Red Lobster's recent changes are an attempt by the seafood chain to reverse a year-long decrease in sales. Sit-down chains have been struggling since the economic downturn as people cut back on spending. The company is going vertical on the plate to push quality.
Major companies such as Coca-Cola are hoping to make more money in countries including China and India. Coca-Cola is looking abroad for growth largely because it's becoming tougher for beverage makers to increase revenue in a U.S. market already awash in soda and other refreshments.
Approximately 450 employees of the Cherokee, Iowa Tyson Foods will lose their jobs with the upcoming closure of the plant. The company, which is the second-largest employer of the city, is also closing plants in Buffalo, New York and Santa Teresa, New Mexico.
A federal appeals court threw out claims against Chiquita Brands made by relatives of thousands of Colombians killed during years of bloody civil war. The lawsuits accused Chiquita of assisting in the killings by paying $1.7 million to a violent right-wing paramilitary group.
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