Food Biz
Tulip Appoints Chris Thomas as Chief Executive
Campbell Soup's Progress in Turnaround
Denise Morrison, CEO of Campbell Soup, is cautiously optimistic that a three-part turnaround strategy will result in success this year. Luxury Food Industry Drops in China
China's appetite for luxury food has quickly disappeared after general secretary Xi Jinping instituted reforms two months prior. U.S. Food Price Inflation to Ease This Year
The U.S. Department of Agriculture predicts that America will begin recovering from the past year's drought that wreaked havoc on crop production. Maker's Mark Listens to Customers, Won't Dilute Bourbon
It is difficult to know whether the entire episode was a PR gimmick or a lesson in customer relations, but top bourbon brand Maker's Mark has decided not to dilute its product with water. Investors Content to Take Buffett's 20 Percent Heinz Premium
Warren Buffett says he will not pay a penny more than the $72.50 a share he is already offering for ketchup maker H.J. Heinz Co, and after an initial hesitation, most investors seem to be taking him at his wor PepsiCo Net Income Jumps 17 Percent
The 4Q results of PepsiCo have investors pleased, with profit rising a surprising 17 percent on higher prices and sales. Dividends were raised by 5.6 percent. Heinz Deal to Break Record for Food Industry
The purchase of H.J. Heinz Co. by Berkshire Hathaway Inc. and 3G Capital will set the record for largest deal in food industry history. Burger King profit boosted by cost cuts, new food
Feb 15 (Reuters) - Burger King Worldwide Inc, the third-largest U.S. hamburger chain, on Friday posted higher-than-expected quarterly profit, helped by cost cuts and new holiday sweets, premium sandwiches and special deals that boosted restaurant sales in the United States and Canada. Yum Brands Takes Hit After Earnings Call, KFC China Poor Outlook
David Novak, CEO of Yum Brands, Inc., admitted a “poultry supply chain” issue in China as he spoke with investors today. Restaurants Turning Pessimistic: Latest RPI From National Restaurant Association
The latest Restaurant Performance Index (RPI) showed sales and customer growth losing traction, according to the latest National Restaurant Association Report. Kraft Sues Cracker Barrel Over John Morrell Deal, Defends Brand
Kraft Foods Group has filed a lawsuit to preserve its iconic "Cracker Barrel" brand of grocery products and cheese against an encroachment by Cracker Barrel Old Country Store Inc. Tyson Foods Boosted By Exports, Reveals Value-Added Future in Earnings Call
Tyson Foods was cautiously optimistic about its near-term prospects during an earnings call Friday, as it revealed a strategy to better supply the foodservice industry. InBev, Grupo Modelo Merger Halted by U.S. Justice Department
Anheuser-Busch InBev NV (ABI)'s $20.1 billion purchase of Grupo Modelo SAB was halted by a suit in federal court. AB InBev already owns shares of Modelo, but the deal would give total control to the beverage giant. European Commission Recommends Anti-Dumping Measures Against U.S. Biofuels
Anti-dumping duties of 9.5 percent on U.S. biofuels have been recommended by the European Commission, the executive body of the European Union. Ethanol imports were found to negatively affect the EU bioethanol industry.
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